Market Commentary: CBOT Consolidates Amid Argentine Dryness, Slow Export News
The CBOT was mostly lower in decidedly consolidative trade on Wednesday. Ag futures seem to be bumping up against key support levels where end-users are extending purchases. Short sellers seem to be mostly absent the market amid South American weather concerns and expectations that USDA will of...
Inequivalent, Protectionist; Bulls and Pandemics
Inequivalent, Protectionist In 2012, the U.S. and EU established an agreement asserting that each other’s organic standards were substantially equivalent. The agreement was reviewed again in 2015 and may require additional review depending on one’s interpretation of “substanti...
China In-Country Analysis
Note to Readers Coronavirus Hits Home Despite our best efforts to practice social distancing and good hygiene, including the wearing of masks in public, our staff was impacted by COVID-19 in February. One of our writer/editor’s and family members were hit pretty severely with the disease,...
Sourcing Changes; Prices Attractive
U.S. export sales are seasonally slowing, which is impacting CBOT futures. American farmers have nonetheless had a good run. The value of the dollar is up 1.6 percent from its low at the start of the year, which further adds competitive pressure. After nearly a four-month run of U.S...
Black Sea Regional Analysis
Russian Grain Markets: 22-26 February 2021 Russian domestic grain prices followed the pattern of the previous week. Meanwhile, export milling wheat average price grew to $289/MT FOB Black Sea. The average purchase price amounted to RUB 14,600/MT CPT-port Black Sea. Feed barley average export pr...
FOB Prices and Freight Rate App (Updated 3 March)
Ocean Freight Comments - 25 February 2021 By Jay O'Neil Commodity Consulting To quote John Maynard Keynes, “Markets can remain irrational longer than you can remain solvent”. Last week was a record week for the FFA paper markets with 88,198 lots traded, 54% of which were Panamax. Th...
Interactive Ocean Freight Rates (Updated 3 March)
Ocean Freight Comments - 25 February 2021 By Jay O'Neil Commodity Consulting To quote John Maynard Keynes, “Markets can remain irrational longer than you can remain solvent”. Last week was a record week for the FFA paper markets with 88,198 lots traded, 54% of which were Panamax...
WPI's Daily Notifier
WPI’s daily notifier of available new analysis reports may get rejected by some email programs. To avoid this problem, please add the notifier to your list of safe addresses. ...
Market Commentary: CBOT Rallies on South American Weather, Poor U.S. Wheat Conditions
CBOT market dipped lower overnight, only to find end-user demand and some speculative buying. Any end-of-the-month selling pressure is now over, as is most of the rolling of March positions froward, which is helping futures stabilize. The South American weather forecast is worrisome for the cor...
Real WTO Problem; Beggars’ Rights; Political Horse-trading
Real WTO Problem The President’s 2021 Trade Agenda and 2020 Annual Report highlights the trade protectionism in India and efforts to change New Delhi’s policies. One area of criticism is “Make in India” campaign but that is not such a unique policy. Many countries are no...
Ethanol Corn Use and Outlook
USDA released the January Grain Crushings report yesterday; total corn use for fuel alcohol was down 11 percent from January 2020, and down 6 percent from January 2019. Dry mill production of DDGS was 1.7534 MMT during January 2021, 90 percent of last year and 98 percent of December. On the ye...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Wheat farmers in parts of Pakistan are complaining that government set wheat prices are going to lead to greatly increased smuggling and shortages of wheat supplies in some areas. There is a lot of confusion about prices with areas l...
Market Commentary: CBOT Consolidates Amid Argentine Dryness, Slow Export News
The CBOT was mostly lower in decidedly consolidative trade on Wednesday. Ag futures seem to be bumping up against key support levels where end-users are extending purchases. Short sellers seem to be mostly absent the market amid South American weather concerns and expectations that USDA will of...
Inequivalent, Protectionist; Bulls and Pandemics
Inequivalent, Protectionist In 2012, the U.S. and EU established an agreement asserting that each other’s organic standards were substantially equivalent. The agreement was reviewed again in 2015 and may require additional review depending on one’s interpretation of “substanti...
China In-Country Analysis
Note to Readers Coronavirus Hits Home Despite our best efforts to practice social distancing and good hygiene, including the wearing of masks in public, our staff was impacted by COVID-19 in February. One of our writer/editor’s and family members were hit pretty severely with the disease,...
Sourcing Changes; Prices Attractive
U.S. export sales are seasonally slowing, which is impacting CBOT futures. American farmers have nonetheless had a good run. The value of the dollar is up 1.6 percent from its low at the start of the year, which further adds competitive pressure. After nearly a four-month run of U.S...
Black Sea Regional Analysis
Russian Grain Markets: 22-26 February 2021 Russian domestic grain prices followed the pattern of the previous week. Meanwhile, export milling wheat average price grew to $289/MT FOB Black Sea. The average purchase price amounted to RUB 14,600/MT CPT-port Black Sea. Feed barley average export pr...
FOB Prices and Freight Rate App (Updated 3 March)
Ocean Freight Comments - 25 February 2021 By Jay O'Neil Commodity Consulting To quote John Maynard Keynes, “Markets can remain irrational longer than you can remain solvent”. Last week was a record week for the FFA paper markets with 88,198 lots traded, 54% of which were Panamax. Th...
Interactive Ocean Freight Rates (Updated 3 March)
Ocean Freight Comments - 25 February 2021 By Jay O'Neil Commodity Consulting To quote John Maynard Keynes, “Markets can remain irrational longer than you can remain solvent”. Last week was a record week for the FFA paper markets with 88,198 lots traded, 54% of which were Panamax...
WPI's Daily Notifier
WPI’s daily notifier of available new analysis reports may get rejected by some email programs. To avoid this problem, please add the notifier to your list of safe addresses. ...
Market Commentary: CBOT Rallies on South American Weather, Poor U.S. Wheat Conditions
CBOT market dipped lower overnight, only to find end-user demand and some speculative buying. Any end-of-the-month selling pressure is now over, as is most of the rolling of March positions froward, which is helping futures stabilize. The South American weather forecast is worrisome for the cor...
Real WTO Problem; Beggars’ Rights; Political Horse-trading
Real WTO Problem The President’s 2021 Trade Agenda and 2020 Annual Report highlights the trade protectionism in India and efforts to change New Delhi’s policies. One area of criticism is “Make in India” campaign but that is not such a unique policy. Many countries are no...
Ethanol Corn Use and Outlook
USDA released the January Grain Crushings report yesterday; total corn use for fuel alcohol was down 11 percent from January 2020, and down 6 percent from January 2019. Dry mill production of DDGS was 1.7534 MMT during January 2021, 90 percent of last year and 98 percent of December. On the ye...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Wheat farmers in parts of Pakistan are complaining that government set wheat prices are going to lead to greatly increased smuggling and shortages of wheat supplies in some areas. There is a lot of confusion about prices with areas l...