World Perspectives

Biden-Trump on Trade Policy

A Washington International Trade Association discussion on trade policy with former officials from both the Trump and Biden administrations reinforced the bipartisan agreement on some trade policies. A day after House GOP representatives slammed USTR Katherine Tai for the Biden Administration&r...

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FOB Prices and Freight Rate App (Updated 17 April)

Ocean Freight Comments - 12 April 2024 By Matt Herrington Ample vessel availability and weak cargo demand meant that dry-bulk freight markets struggled again this week with rates softening across the board. Weak coal demand, particularly from China, remains the primary culprit of weaker markets...

Interactive Ocean Freight Rates (Updated 17 April)

Ocean Freight Comments - 12 April 2024 By Matt Herrington Ample vessel availability and weak cargo demand meant that dry-bulk freight markets struggled again this week with rates softening across the board. Weak coal demand, particularly from China, remains the primary culprit of weaker markets...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 8–12 April 2024 During the first week of April, the Russian domestic grain market remained quite volatile but predominantly stable and bearish. The exception was milling wheat going for export which triggered price improvements in the ports against a weaker RUB and...

FOB Prices and Freight Rate App (Updated 17 April)

Ocean Freight Comments - 12 April 2024 By Matt Herrington Ample vessel availability and weak cargo demand meant that dry-bulk freight markets struggled again this week with rates softening across the board. Weak coal demand, particularly from China, remains the primary culprit of weaker markets...

Interactive Ocean Freight Rates (Updated 17 April)

Ocean Freight Comments - 12 April 2024 By Matt Herrington Ample vessel availability and weak cargo demand meant that dry-bulk freight markets struggled again this week with rates softening across the board. Weak coal demand, particularly from China, remains the primary culprit of weaker markets...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 8–12 April 2024 During the first week of April, the Russian domestic grain market remained quite volatile but predominantly stable and bearish. The exception was milling wheat going for export which triggered price improvements in the ports against a weaker RUB and...

feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soybeans Fall on Planting Progress, Weather; NOPA Report Sinks Soyoil

The CBOT was mostly lower on Tuesday with broadly favorable weather in the U.S. and South America allowing timely planting and harvesting, respectively, of summer crops. Monday’s Crop Progress report from USDA indicated that U.S. farmers are making solid gains seeding the 2024 crops with...

Wheat Uptake with No Clear Answer

USDA reports that per capita flour consumption in 2023 fell to the lowest level in 37 years. Flour production and exports were lower, but so were flour imports. The question is why? It has been noted that consumers in developing countries with rising incomes tend to switch from rice consumption...

Supply Chain Diversity; Clean Hands?; Bipolar Politics

Supply Chain Diversity EU policy experts have assembled a tome on the “State of Food Security in the EU.” The biannual report focuses on how to ensure food security in times of crisis. The authors highlight the growing concerns about extreme adverse weather events in the EU. They lo...

livestock

Fed Cattle Near Term Supply and Demand

Fed cattle prices remain at record levels, but the market has been bearish with dropping futures and a weak cash market; prices dropped last week about $2 live and $4 dressed.  In the first four months of last year, cattle prices climbed steadily and hit their highest level in April, dropp...

softs

An Era up in Smoke

British Prime Minister Rishi Sunak has proposed that anyone turning 15 years of age or younger in 2024 will be banned forever from purchasing cigarettes. Eash year, the age restriction will be raised by one year. The bill also makes vapes less appealing. The goal is to start the first generatio...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.31/bushel, down $0.005 from yesterday's close.  May 24 Wheat closed at $5.4975/bushel, down $0.02 from yesterday's close.  May 24 Soybeans closed at $11.45/bushel, down $0.1325 from yesterday's close.  May 24 Soymeal closed at $335.3/short ton, down $3.2...

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