Tuesday, March 1, 2011

Financial agricultural market France and Europe

Indécision of the prices on Euronext

The prices did not find direction clear yesterday on Euronext. In end of the day, the fall in Chicago weighed on Euronext. Yesterday, the European prices seemed hesitant. The international commercial topicality of cereals was calm. The conditions weather throughout the world did not give either a durable impulse to the prices. Delicate climatic conditions crossed all is of the United States (snow, rains intense, storms), whereas the USDA gives an already account of the bad condition of wheat in Texas, Kansas and Oklahoma. The south-west of Russia and is of the Ukraine have a relatively weak snow-covered cover, exposing the cultures of cold winter. The important rains in Brazil were unfavourable with the projection of the harvest of soya, but that was an insufficient support for the prices of broad bean in Chicago. In fact yesterday, the operators of the markets were especially attentive with the evolution of the political situation in all Middle East. Concern dominated and, in addition to the renewal of the oil prices and the fall of the stock exchange places, one noted a certain volatility of the farm prices during the meeting.
Marché FrançaisOn noted a good activity on the physical market of the barley, as well on the old one as on the new campaign. The prices of wheat were mainly in fall, the wheat returned Rouen lost 2,5/T. The prices of colza were in rise. Brought closer FOB the Moselle gained 4/T.
Market britanniqueSous the influence of Chicago, the LIFFE finished yesterday drops some on the whole of the expiries. The contracts May 11 and Nov.11 enclosed respectively with £202.50/T (- £1.15/T) and £163/T (- £1.50/T) in volume of activity always such a reduced (315 treated batches). The spread Paris-London on the expiry May 11 was located around the 8.25/T in favor of the Parisian place. On the foreign exchange market, Sterling had exchanged itself on the same levels of the day before vis-a-vis the single currency (£1=1.1791) and continued to appreciate itself vis-a-vis the American dollar by touching during the meeting the 1.6330$, higher for 13 month.
Market Sea NoireEn Ukraine, the price levels FOB were without changes yesterday. On the interior market, the suggested prices with the purchase of the corn (177 /T for corn) and of the wheat (173 /T for wheat) were hardened. On the spot, the farmers and the traders expected a modification of the legal tendencies and lawful framing exports of Ukrainian cereals.

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