World Perspectives

Recent Black Sea Analysis

FOB Prices and Freight Rate App (Updated 11 October)

Update for 11 October 2019: All other routes/offers updated through the day's close.  Note: Due to client request, WPI has added data for corn prices FOB France, Russia, and a general Black Sea price.   Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consult...

Interactive Ocean Freight Rates (Updated 17 October)

Data Updated Through: 17 October 2019 Note: Due to client request, WPI has started including rates for 60,000 MT vessels from Russia and Ukraine to Egypt.  Ocean Freight Insights and Comments - 17 October 2019 By Jay O'Neil Commodity Consulting It remains difficult for dry-bulk markets to...

soy-oilseeds

Oilseed Highlights: NOPA Soy Crush, Soy Sales to China, GMO Cotton, Ukraine Oilseeds

NOPA September Crush Well Below Expectations The September NOPA report released on Wednesday indicated 152.566 million bushels (4.153 MMT) of soybeans were crushed in September. That was almost 10 million bushels below the average estimate of 9 analysts queried by Reuters of 162.135 million bus...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 7-11 October 2019 Domestic Russian grain (including corn) prices kept growing due to active demand from both domestic buyers and foreign importers. Milling wheat export prices and feed barley average export price grew to $182/MT FOB Black Sea while average purchase price...

feed-grains soy-oilseeds wheat

Black Sea Miracle

The return of the Black Sea region as the breadbasket of the world is really a story about productivity gain. Over a decade (2008 to 2017), both China and Indonesia increased their total crop output by around 25 percent, but they did this in part by expanding their cropped areas by 10.7 percent...

feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Regional News Ukraine has already exported 15.096 MMT of grain since the 2019/20 marketing year started, a 4.6 MMT increase from the same time in 2018/19. The country has shipped 9.6 MMT of wheat, 3.0 MMT of barley, 2,000 MT of rye, and 2.4 MMT of corn. The country also said its grain harvest t...

feed-grains

WASDE Corn

USDA Reports:  This month’s 2019/20 U.S. corn outlook is for slightly lower production, reduced exports and corn used for ethanol, greater feed and residual use, and lower ending stocks.  Corn production is forecast at 13.779 billion bushels, down 20 million as a decline in harv...

wheat

WASDE Wheat

USDA Reports:  The outlook for 2019/20 U.S. wheat this month is for smaller supplies, reduced total use, and rising ending stocks.  Wheat production is cut 18.5 million bushels to 1,962 million based on the NASS Small Grains Summary, issued on September 30.  Projected imports are...

wheat

World Wheat’s Sad Story

A long time ago, we spent quite a few years involved in merchandising U.S. wheat for export to markets scattered around the globe from the former Soviet Union to China and the rest of Asia. Wheat dominated world grain trade, and U.S. wheat dominated world wheat trade.  Those were exciting...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 30 September 30 – 4 October 2019 Domestic Russian grain prices grew (except for corn prices) due to active demand from both domestic buyers and foreign importers. Corn prices continued decreasing as harvesting is in progress and the downward trend will last for some...

feed-grains soy-oilseeds wheat

Market Commentary

Short covering was the CBOT’s theme of the day with nearly all ag markets closing higher. Slow crop maturity progress and the inability to conclude spring wheat harvest were major justifications for the day’s rally. Moreover, the weather is deteriorating quickly for parts of the U.S...

feed-grains soy-oilseeds wheat

Market Commentary

Today’s futures market was expected to be lower but corn and wheat closed mostly higher while soybeans lost some ground. Monday’s USDA stocks report now seems a long time ago since there is still a bearish tinge overall. Next week’s October WASDE report from USDA or the U.S. &...

FOB Prices and Freight Rate App (Updated 11 October)

Update for 11 October 2019: All other routes/offers updated through the day's close.  Note: Due to client request, WPI has added data for corn prices FOB France, Russia, and a general Black Sea price.   Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consult...

Interactive Ocean Freight Rates (Updated 17 October)

Data Updated Through: 17 October 2019 Note: Due to client request, WPI has started including rates for 60,000 MT vessels from Russia and Ukraine to Egypt.  Ocean Freight Insights and Comments - 17 October 2019 By Jay O'Neil Commodity Consulting It remains difficult for dry-bulk markets to...

soy-oilseeds

Oilseed Highlights: NOPA Soy Crush, Soy Sales to China, GMO Cotton, Ukraine Oilseeds

NOPA September Crush Well Below Expectations The September NOPA report released on Wednesday indicated 152.566 million bushels (4.153 MMT) of soybeans were crushed in September. That was almost 10 million bushels below the average estimate of 9 analysts queried by Reuters of 162.135 million bus...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 7-11 October 2019 Domestic Russian grain (including corn) prices kept growing due to active demand from both domestic buyers and foreign importers. Milling wheat export prices and feed barley average export price grew to $182/MT FOB Black Sea while average purchase price...

feed-grains soy-oilseeds wheat

Black Sea Miracle

The return of the Black Sea region as the breadbasket of the world is really a story about productivity gain. Over a decade (2008 to 2017), both China and Indonesia increased their total crop output by around 25 percent, but they did this in part by expanding their cropped areas by 10.7 percent...

feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Regional News Ukraine has already exported 15.096 MMT of grain since the 2019/20 marketing year started, a 4.6 MMT increase from the same time in 2018/19. The country has shipped 9.6 MMT of wheat, 3.0 MMT of barley, 2,000 MT of rye, and 2.4 MMT of corn. The country also said its grain harvest t...

feed-grains

WASDE Corn

USDA Reports:  This month’s 2019/20 U.S. corn outlook is for slightly lower production, reduced exports and corn used for ethanol, greater feed and residual use, and lower ending stocks.  Corn production is forecast at 13.779 billion bushels, down 20 million as a decline in harv...

wheat

WASDE Wheat

USDA Reports:  The outlook for 2019/20 U.S. wheat this month is for smaller supplies, reduced total use, and rising ending stocks.  Wheat production is cut 18.5 million bushels to 1,962 million based on the NASS Small Grains Summary, issued on September 30.  Projected imports are...

wheat

World Wheat’s Sad Story

A long time ago, we spent quite a few years involved in merchandising U.S. wheat for export to markets scattered around the globe from the former Soviet Union to China and the rest of Asia. Wheat dominated world grain trade, and U.S. wheat dominated world wheat trade.  Those were exciting...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 30 September 30 – 4 October 2019 Domestic Russian grain prices grew (except for corn prices) due to active demand from both domestic buyers and foreign importers. Corn prices continued decreasing as harvesting is in progress and the downward trend will last for some...

feed-grains soy-oilseeds wheat

Market Commentary

Short covering was the CBOT’s theme of the day with nearly all ag markets closing higher. Slow crop maturity progress and the inability to conclude spring wheat harvest were major justifications for the day’s rally. Moreover, the weather is deteriorating quickly for parts of the U.S...

feed-grains soy-oilseeds wheat

Market Commentary

Today’s futures market was expected to be lower but corn and wheat closed mostly higher while soybeans lost some ground. Monday’s USDA stocks report now seems a long time ago since there is still a bearish tinge overall. Next week’s October WASDE report from USDA or the U.S. &...

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