Market Commentary
The CBOT continued its strength on Wednesday, buoyed largely by rising Russian/Ukrainian FOB wheat prices and continued strength in the Brazilian real. Despite improving weather for Europe and the Black Sea region, the market remains concerned about Black Sea supplies, especially after Ukrainia...
Black Sea Regional Analysis
Russian Grain Markets: 25-29 May 2020 Domestic grain markets followed the same trends as the previous week. The prices for 2019 yield didn’t decrease significantly as there aren’t many offers on the market. In some regions the scarce stock even pushed prices up. Meanwhile, corn pric...
FOB Prices and Freight Rate App (Updated 2 June)
Update for 2 June 2020: Prices updated through the day's close. Freight Comments for 28 May 2020: Jay O’Neil, O’Neil Commodity Consulting Baltic Dry-Bulk indices jumped 7-10 percent this week. That sounds like a big improvement, but one must recognize that the market star...
Interactive Ocean Freight Rates (Updated 2 June)
Data Updated Through: 2 June 2020 Ocean Freight Insights and Comments - 28 May 2020 By Jay O'Neil Commodity Consulting Baltic Dry-Bulk indices jumped 7-10 percent this week. That sounds like a big improvement, but one must recognize that the market started at exceptionally low level...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Pakistan’s Gwadar Port, west of Karachi, has received its first vessel of wheat and fertilizer that is being transshipped by truck to Afghanistan. Gwadar is a deep draft port that can handle large vessels and offers a shorter r...
European Market Analysis
Regional News After an amazingly dry spring, rains are forecast to return to Europe this week and next. The GFS model projects meaningful rainfall for southern France and Germany, as well as broad coverage across Southeast Europe. The UK is expected to remain dry in the coming week, but t...
Black Sea Regional Analysis
Russian Grain Markets: 18 - 22 May 2020 Prices on the domestic grain market moved in different directions and changed differently in different regions. One of the reasons was a decrease in demand for wheat and barley in southern regions from exporters who reached the limit of quotas allowed by...
Black Sea Regional Analysis
Russian Grain Markets: 11-15 May 2020 Milling and feed wheat prices as well as corn prices kept growing in the domestic grain market while feed barley prices decreased. Meanwhile, on the export market, milling wheat average price decreased to $224/MT FOB Black Sea. Purchase prices decreased to...
Black Sea Regional Analysis
Russian Grain Markets: 4-8 May 2020 Prices continued to grow in the Asian part of the domestic grain market and moved in different directions in the European part of the market. Meanwhile, on the export market, milling wheat average price decreased to $228/MT FOB Black Sea. Purchase prices decr...
WASDE Corn
USDA Estimates – U.S. corn crop is projected at a record 16.0 billion bushels, up from last year on increased area and a return to trend yield. The yield projection of 178.5 bushels per acre is based on a weather-adjusted trend assuming normal planting progress and summer growing se...
WASDE Wheat
USDA Estimates - U.S. wheat in 2020/21 will have reduced stocks. The 2020/21 U.S. wheat crop is projected at 1,866 million bushels, down 3 percent from last year as lower yields offsett higher harvested acreage. The all-wheat yield is projected at 49.5 bushels per acre, down 2.2 bus...
Market Commentary
Low volume trade left CBOT grain markets to trade lower with little to encourage buyers to make purchases, despite prices being near contract lows. Improving/favorable weather forecasts for the U.S. and the Black Sea regions sparked modest selling in the grain complex. Livestock markets, on the...
Market Commentary
The CBOT continued its strength on Wednesday, buoyed largely by rising Russian/Ukrainian FOB wheat prices and continued strength in the Brazilian real. Despite improving weather for Europe and the Black Sea region, the market remains concerned about Black Sea supplies, especially after Ukrainia...
Black Sea Regional Analysis
Russian Grain Markets: 25-29 May 2020 Domestic grain markets followed the same trends as the previous week. The prices for 2019 yield didn’t decrease significantly as there aren’t many offers on the market. In some regions the scarce stock even pushed prices up. Meanwhile, corn pric...
FOB Prices and Freight Rate App (Updated 2 June)
Update for 2 June 2020: Prices updated through the day's close. Freight Comments for 28 May 2020: Jay O’Neil, O’Neil Commodity Consulting Baltic Dry-Bulk indices jumped 7-10 percent this week. That sounds like a big improvement, but one must recognize that the market star...
Interactive Ocean Freight Rates (Updated 2 June)
Data Updated Through: 2 June 2020 Ocean Freight Insights and Comments - 28 May 2020 By Jay O'Neil Commodity Consulting Baltic Dry-Bulk indices jumped 7-10 percent this week. That sounds like a big improvement, but one must recognize that the market started at exceptionally low level...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Pakistan’s Gwadar Port, west of Karachi, has received its first vessel of wheat and fertilizer that is being transshipped by truck to Afghanistan. Gwadar is a deep draft port that can handle large vessels and offers a shorter r...
European Market Analysis
Regional News After an amazingly dry spring, rains are forecast to return to Europe this week and next. The GFS model projects meaningful rainfall for southern France and Germany, as well as broad coverage across Southeast Europe. The UK is expected to remain dry in the coming week, but t...
Black Sea Regional Analysis
Russian Grain Markets: 18 - 22 May 2020 Prices on the domestic grain market moved in different directions and changed differently in different regions. One of the reasons was a decrease in demand for wheat and barley in southern regions from exporters who reached the limit of quotas allowed by...
Black Sea Regional Analysis
Russian Grain Markets: 11-15 May 2020 Milling and feed wheat prices as well as corn prices kept growing in the domestic grain market while feed barley prices decreased. Meanwhile, on the export market, milling wheat average price decreased to $224/MT FOB Black Sea. Purchase prices decreased to...
Black Sea Regional Analysis
Russian Grain Markets: 4-8 May 2020 Prices continued to grow in the Asian part of the domestic grain market and moved in different directions in the European part of the market. Meanwhile, on the export market, milling wheat average price decreased to $228/MT FOB Black Sea. Purchase prices decr...
WASDE Corn
USDA Estimates – U.S. corn crop is projected at a record 16.0 billion bushels, up from last year on increased area and a return to trend yield. The yield projection of 178.5 bushels per acre is based on a weather-adjusted trend assuming normal planting progress and summer growing se...
WASDE Wheat
USDA Estimates - U.S. wheat in 2020/21 will have reduced stocks. The 2020/21 U.S. wheat crop is projected at 1,866 million bushels, down 3 percent from last year as lower yields offsett higher harvested acreage. The all-wheat yield is projected at 49.5 bushels per acre, down 2.2 bus...
Market Commentary
Low volume trade left CBOT grain markets to trade lower with little to encourage buyers to make purchases, despite prices being near contract lows. Improving/favorable weather forecasts for the U.S. and the Black Sea regions sparked modest selling in the grain complex. Livestock markets, on the...