The markets finish the week in big rise
The prices of the agricultural raw materials were begun again Friday. Towards the European place, the prices were initially directed in light fall without finding a real direction. Very good European exports published the day before were however an element proving the current barley and durum wheat but common wheat strong demand also. The session of American night evolved in light rise after the violent falls of the previous days. Then, the publication of American weekly exports (delayed one day because of the bank holiday of President Day last Monday), beyond waitings for wheat and corn, supported the opening of Chicago. The day was still rather important in terms of treated volumes and option. Besides we raise a large number of ` cal' strike 280€/T on the expiry May 2011 on Euronext. The American session reinforced its movement bull in after midday, reaching limits upen soya and corn. The European prices found a support additional and the courses enclosed in big rise.
French market
The purchasers were a little more present on the domestic market benefitting from the appropriateness of the current prices compared to the previous weeks. The prices in the grounds post more firmness that on the harbor one, proving the needs for the purchasers. The activity with export is nevertheless very currently constant with volumes which are chartered towards Morocco in particular following the invitation to tender gained at the beginning of week for a delivery March 5th (280KT).
British market
The end of the week was marked by a new rise on the markets of the agricultural conveniences. On line with Chicago and Paris, the futures market of British fodder wheat (LIFFE) finished in the green and the contracts May 11 and Nov.11 enclosed respectively with £204.50/T (+£4.00/T) and £166.75/T (+£3.00/T). The spread Paris-London on the expiry May 11 passed by again above 13.50€/T in favor of the Parisian place. On the foreign exchange market, Sterling was penalized by official figures on the growth at fourth quarters 2010 re-examined in fall. At the end of the meeting, Sterling exchanged itself very right under the 1.17€ and 1.61$.
Market Black Sea
The great cold in Russia would have done relatively little damage these last days thanks to the snow-covered cover well in place. Nevertheless, exports fear the return of the cold weather after the thaw (warming envisaged at the beginning of March). In Ukraine, the market export was far from active. The operators of the market expect an increase in the quotas for corn (2-2,5MT) and the wheat (200-500KT), therefore do not take any chance with the purchase for the moment. The interior market prices progressed well these last days because of the domestic strong demand. With export the prices are stable.
No comments:
Post a Comment