No one was outright bullish about wheat. The consensus was cautionary heading into 2015 because of the potential production problems that "might" occur.I was a participant in the trading session of the International Association of Operative Millers (IAOM) Africa/Middle East conference in South Africa late last week. Wheat was of course the primary topic of conversation, and there was a wide range of speakers covering everything from Black Sea country reports to world ocean freight markets. Here are some notes from the various speakers:
Ocean freights have been very inexpensive and are forecast to remain that way through 2015 as well as perhaps far beyond that. The problem is simple. Too many new vessels are still being built, and the sal...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
