World Perspectives

FOB Prices and Freight Rate App (Updated 21 January)

Ocean Freight Comments - 21 January 2022 By Jay O'Neil Commodity Consulting This is certainly not the way vessel owners expected early 2022 markets to play out. The Capesize index has lost 90% of its value since last October as slack cargo demand and nervous FFA paper traders are not supporting freight markets. Panamax and Supramax markets are, of course, following the Capesize sector’s lead.Current predictions are that Russia will invade Ukraine and that serious sanctions will be applied against Russia. If this occurs, it would be bullish crude oil, wheat, and oilseed prices and would likely cause Black Sea-supplied commodities to be shipped from other, more distant origins. In turn, this would be bearish Black Sea freight and frie...

WPI on Twitter

WPI POLL

Agriculture's biggest problem in 2022?

Related Articles
feed-grains soy-oilseeds wheat

Market Commentary: Corn Touches $6.30 and Wheat Hits Trendline; New Highs for Hogs

The CBOT saw the continued influence of fund managers and investors looking to bull spread commodities against equities, as well as the impact of (continually) escalating tensions between Russia and everyone else. Wheat futures rallied 15+ cents again Tuesday with short covering accelerating as...

SCOTUS Takes on WOTUS

One of the biggest issues in agriculture over the past half a dozen years has been the Waters of the United States (WOTUS) rule – and more generally, the definition of wetlands has been a top issue for decades. Yesterday the Supreme Court of the United States (SCOTUS) said they would hear...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 22 Corn closed at $6.2/bushel, down $0.01 from yesterday's close.  Mar 22 Wheat closed at $8.18/bushel, up $0.175 from yesterday's close.  Mar 22 Soybeans closed at $14.0725/bushel, up $0.0425 from yesterday's close.  Mar 22 Soymeal closed at $392/short ton, down $1.9 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Touches $6.30 and Wheat Hits Trendline; New Highs for Hogs

The CBOT saw the continued influence of fund managers and investors looking to bull spread commodities against equities, as well as the impact of (continually) escalating tensions between Russia and everyone else. Wheat futures rallied 15+ cents again Tuesday with short covering accelerating as...

SCOTUS Takes on WOTUS

One of the biggest issues in agriculture over the past half a dozen years has been the Waters of the United States (WOTUS) rule – and more generally, the definition of wetlands has been a top issue for decades. Yesterday the Supreme Court of the United States (SCOTUS) said they would hear...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 22 Corn closed at $6.2/bushel, down $0.01 from yesterday's close.  Mar 22 Wheat closed at $8.18/bushel, up $0.175 from yesterday's close.  Mar 22 Soybeans closed at $14.0725/bushel, up $0.0425 from yesterday's close.  Mar 22 Soymeal closed at $392/short ton, down $1.9 from ye...

Misleading Farm Statistics; Regulatory Loophole; Plurilateral Solution in Geneva

Misleading Farm Statistics Jonathan Kanter, the Biden Administration’s Assistant Attorney General overseeing the Antitrust Division, told the New York Bar Association that he intends to “reinvigorate” the Justice Department’s antitrust law enforcement. His “All-of-...

Image
From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up