World Perspectives

Recent Black Sea Analysis

FOB Prices and Freight Rate App (Updated 25 May)

Ocean Freight Comments - 19 May 2022 By Jay O'Neil Commodity Consulting I have not seen a significant uptick in cargo demand this week, but dry-bulk paper traders in the FFA market tried to keep last week’s rally going and managed to close the week with small gains. Physical markets have...

feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grains Markets: 16-20 May 2022 As of 17 May, spring planting was in line with last year, yet still behind 2020 by 40 percent and 2019 by 30 percent, according to the Russian Ministry of Agriculture. Earlier in the season the government was trying to stabilize prices for inputs and banne...

Interactive Ocean Freight Rates (Updated 25 May)

Ocean Freight Comments - 19 May 2022 By Jay O'Neil Commodity Consulting I have not seen a significant uptick in cargo demand this week, but dry-bulk paper traders in the FFA market tried to keep last week’s rally going and managed to close the week with small gains. Physical markets have...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s Central Bank has increased interest rates by 2 percent to a maximum of 12.25 percent as a measure to control inflation that has been complicated by the Russia/Ukraine “tensions” and relat...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Rally as Russia Rejects Ukrainian Export Corridors; U.S. Corn, Soy Planting Makes Strong Progress

CBOT grains posted slight gains for the day while the soy complex worked its way lower as traders unwound long grain/short soy spreads that were placed last week. Wheat moved higher on news that Russia will not allow the export of Ukrainian grain via the Black Sea unless NATO suspends its econo...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  The European Parliament approved duty-free imports of agricultural products from Ukraine for a one-year period. The U.S. is reportedly considering lifting a ban in potassium fertilizer from Belarus if the country will allow the export of Ukrainian ag products through to Lith...

feed-grains soy-oilseeds wheat

Market Commentary – Unsettled but Not Rudderless

Commodity traders should be grateful they are not equity traders. The broader economy presents less certainty than agricultural balance sheets that will take time to rebalance. Russia is trying to exploit food insecurity by offering to allow Ukrainian exports provided sanctions are dropped. Wes...

feed-grains wheat soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 9-13 May 2022 Most businesses were closed from 1-9 May as Russians celebrated Soviet holidays. Trade has now resumed and there is a bearish mood on all fronts. Exporters decreased their interest in the Black Sea ports and local currency strengthened thus solidifying the b...

feed-grains

WASDE Corn

CORN:  USDA’s outlook is that the U.S. corn crop will be 14.5 billion bushels, down 4.3 percent from last year. The corn yield is projected at 177.0 bushels per acre, 4.0 bushels below the weather adjusted trend presented at USDA’s Agricultural Outlook Forum in February. The ve...

wheat

WASDE Wheat

WHEAT:  USDA’s outlook for 2022/23 is for higher U.S. wheat prices. U.S. 2022/23 wheat supplies are projected down 3 percent, as lower beginning stocks more than offset a larger harvest.  All wheat production for 2022/23 is projected at 1,729 million bushels, up 83 million from...

livestock wheat

Jurisdictional Mayhem; War and Farm Policy; War and Food Inflation

Jurisdictional Mayhem According to the Constitution, the U.S. Congress has the power to regulate trade among the several states, but it does not have the obligation and there is confusion when it does not. The Supreme Court is being asked to intercede on behalf of pork producers who dislike Cal...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 2-6 May 2022 Russian grain traders have continued to decrease their bids in the Black Sea and Azov Sea ports which are now 100 percent controlled by Russia. All Ukrainian ports are blocked and vessels loaded earlier cannot move any further. However, the main reason behind...

FOB Prices and Freight Rate App (Updated 25 May)

Ocean Freight Comments - 19 May 2022 By Jay O'Neil Commodity Consulting I have not seen a significant uptick in cargo demand this week, but dry-bulk paper traders in the FFA market tried to keep last week’s rally going and managed to close the week with small gains. Physical markets have...

feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grains Markets: 16-20 May 2022 As of 17 May, spring planting was in line with last year, yet still behind 2020 by 40 percent and 2019 by 30 percent, according to the Russian Ministry of Agriculture. Earlier in the season the government was trying to stabilize prices for inputs and banne...

Interactive Ocean Freight Rates (Updated 25 May)

Ocean Freight Comments - 19 May 2022 By Jay O'Neil Commodity Consulting I have not seen a significant uptick in cargo demand this week, but dry-bulk paper traders in the FFA market tried to keep last week’s rally going and managed to close the week with small gains. Physical markets have...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s Central Bank has increased interest rates by 2 percent to a maximum of 12.25 percent as a measure to control inflation that has been complicated by the Russia/Ukraine “tensions” and relat...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Rally as Russia Rejects Ukrainian Export Corridors; U.S. Corn, Soy Planting Makes Strong Progress

CBOT grains posted slight gains for the day while the soy complex worked its way lower as traders unwound long grain/short soy spreads that were placed last week. Wheat moved higher on news that Russia will not allow the export of Ukrainian grain via the Black Sea unless NATO suspends its econo...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  The European Parliament approved duty-free imports of agricultural products from Ukraine for a one-year period. The U.S. is reportedly considering lifting a ban in potassium fertilizer from Belarus if the country will allow the export of Ukrainian ag products through to Lith...

feed-grains soy-oilseeds wheat

Market Commentary – Unsettled but Not Rudderless

Commodity traders should be grateful they are not equity traders. The broader economy presents less certainty than agricultural balance sheets that will take time to rebalance. Russia is trying to exploit food insecurity by offering to allow Ukrainian exports provided sanctions are dropped. Wes...

feed-grains wheat soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 9-13 May 2022 Most businesses were closed from 1-9 May as Russians celebrated Soviet holidays. Trade has now resumed and there is a bearish mood on all fronts. Exporters decreased their interest in the Black Sea ports and local currency strengthened thus solidifying the b...

feed-grains

WASDE Corn

CORN:  USDA’s outlook is that the U.S. corn crop will be 14.5 billion bushels, down 4.3 percent from last year. The corn yield is projected at 177.0 bushels per acre, 4.0 bushels below the weather adjusted trend presented at USDA’s Agricultural Outlook Forum in February. The ve...

wheat

WASDE Wheat

WHEAT:  USDA’s outlook for 2022/23 is for higher U.S. wheat prices. U.S. 2022/23 wheat supplies are projected down 3 percent, as lower beginning stocks more than offset a larger harvest.  All wheat production for 2022/23 is projected at 1,729 million bushels, up 83 million from...

livestock wheat

Jurisdictional Mayhem; War and Farm Policy; War and Food Inflation

Jurisdictional Mayhem According to the Constitution, the U.S. Congress has the power to regulate trade among the several states, but it does not have the obligation and there is confusion when it does not. The Supreme Court is being asked to intercede on behalf of pork producers who dislike Cal...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 2-6 May 2022 Russian grain traders have continued to decrease their bids in the Black Sea and Azov Sea ports which are now 100 percent controlled by Russia. All Ukrainian ports are blocked and vessels loaded earlier cannot move any further. However, the main reason behind...

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