World Perspectives
soy-oilseeds feed-grains wheat

Mercosur Regional Analysis

Soybeans Market Update Last week China finally decided to buy more U.S. soybeans, purchasing approximately 2 MMT. The stocks were mainly from the Pacific Northwest (PNW), but there was some volume from the U.S. Gulf (USG). The trades were around 148/150 for PNW and 162/160N for USG, all performed as CNF. These were far more expensive than Brazilian offers for those positions. Brazil can sell July at +140N CNF China and June at +130N. Those prices are 20-30 cents cheaper than USG without considering any quality discount for the Gulf basis, which normally is around 5 cents/bushel. Brazil The Brazilian market was very slow last week as trading houses were waiting for China. Finally, China moved on June forward, leaving space for Brazil to...

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feed-grains soy-oilseeds wheat

Market Commentary: Grains, Oilseeds Contract on More Pre-WASDE Positioning

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feed-grains soy-oilseeds wheat

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Jul 24 Corn closed at $4.585/bushel, down $0.085 from yesterday's close.  Jul 24 Wheat closed at $6.34/bushel, down $0.0875 from yesterday's close.  Jul 24 Soybeans closed at $12.2775/bushel, down $0.1875 from yesterday's close.  Jul 24 Soymeal closed at $378.5/short ton, down $4...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 29 April–3 May 2024 Last week Russia celebrated International Labor Day, and on May 9 will celebrate WWII Victory Day, resulting in a long 10-day holiday for many Russian families, including grain traders. This traditionally slows down trade, however, logistics cont...

feed-grains soy-oilseeds wheat

Market Commentary: Grains, Oilseeds Contract on More Pre-WASDE Positioning

Grain futures continue to retreat from their recent rally highs with traders unwilling to overextend risks heading into Friday’s WASDE report. The WASDE should be supportive old crop futures from cuts to the Brazilian and Argentine crops, but new crop futures could see pressure from expec...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.585/bushel, down $0.085 from yesterday's close.  Jul 24 Wheat closed at $6.34/bushel, down $0.0875 from yesterday's close.  Jul 24 Soybeans closed at $12.2775/bushel, down $0.1875 from yesterday's close.  Jul 24 Soymeal closed at $378.5/short ton, down $4...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 29 April–3 May 2024 Last week Russia celebrated International Labor Day, and on May 9 will celebrate WWII Victory Day, resulting in a long 10-day holiday for many Russian families, including grain traders. This traditionally slows down trade, however, logistics cont...

FOB Prices and Freight Rate App (Updated 8 May)

Ocean Freight Comments - 3 May 2024 By Matt Herrington Dry bulk freight markets continue to struggle as there is over capacity for several vessels classes and a lack of meaningful cargo demand improvement. Vessel owners and market players remain optimistic, however, that rates will rally in LH...

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