World Perspectives

FOB Prices and Freight Rate App (Updated 29 September)

Ocean Freight Comments - 28 September 2023 By Jay O'Neil Commodity Consulting FFA paper traders managed to move dry-bulk futures markets slightly higher for the week, but physical markets were not ready to follow their lead. Physical markets were happy to remain steady and mostly unchanged for the week. Dry-bulk cargo demand from Australia to China has shown some improvement, as has grain cargo demand for soybeans from the U.S. PNW to China. After months of no PNW soybean exports, China’s soybean business has finally awakened PNW ports with 24 soybean ships showing up to load over the next week. Rain is still badly needed for Mississippi River water levels and barge drafts and harvest logistic concerns are still growing. Tweet...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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