World Perspectives

Recent Black Sea Analysis

FOB Prices and Freight Rate App (Updated 16 August)

Update for 16 August 2019: All other routes/offers updated through the day's mid-day pricing.    Tweet Update for 1 August 2019: New routes added: Agrentina to Japan, Brazil to Japan 4 May Update: Pushed a user interface change and improved app responsiveness. Data updated to refle...

Interactive Ocean Freight Rates (Updated 16 August)

Ocean Freight Insights and Comments - 15 August 2019 By Jay O'Neil Commodity Consulting   Dry-bulk markets found a bottom this week and bounced off it. From a technical point of view, you would say that things gapped higher. Now, the market is wondering if this is a true turn around or if...

feed-grains soy-oilseeds wheat

Market Commentary

The corn bulls have been hoping that the Pro Farmer crop tour will reveal USDA to be a liar. The crop voyeurs are seeing some yields below the its estimates but also some that are higher. Either way, their observations will not change USDA’s numbers. In fact, those could stay roughly the...

feed-grains soy-oilseeds wheat

Grain Markets Face Uncertainty

It is said that grain traders seek certainty, but grain markets thrive on uncertainty. The days since USDA released its WASDE on 12 August have offered the latest example of this dichotomy. Of course when it comes to grain markets, seldom are potential market-moving factors ever certain. Howeve...

feed-grains soy-oilseeds wheat

Market Commentary

Markets continue to reel from the August WASDE with the trade trying to decide if USDA’s latest figures are wrong, right, or somewhere in between. One could make the case either way with its estimates being the best available at a given time but also subject to the fact that the world (an...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 5-9 August 2019 Domestic prices moved in different directions: rising in regions where they had decreased too much the week before and dropping in those that started quoting for 2019 production. Meanwhile, there was little change in other regions. The fact that harvesting...

wheat feed-grains

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Saudi Arabia is adjusting its wheat import requirements for implementation as of the next tender. Traders expect that a change in the bug damage limitation will allow Russia to take a large share of the Saudi wheat business, particularly since...

feed-grains

WASDE Corn

USDA reports for August 2019: Larger supplies, reduced exports and corn used for ethanol, and greater ending stocks. Corn production is forecast at 13.9 billion bushels, up 26 million from the July projection as a decline in harvested acres is virtually offset by an increase in yield. The seaso...

feed-grains soy-oilseeds wheat

Market Commentary

Ag commodities closed mostly higher for the day after trading both sides of unchanged. Continued weakness in macro markets pressured futures, while mild supply-side concerns for corn and soybeans were supportive. Growing doubts on whether the U.S. and China will meet in September are emboldenin...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 29 July-2 August 2019 Domestic price development was atypical for this time of year with increases in the European part of Russia that usually don’t occur in August. The reason for this was high demand from processors. Meanwhile, the average milling wheat (12.5 perc...

feed-grains soy-oilseeds wheat

Market Commentary

Funds were net sellers in a day that bears regained the fundamental advantage. With China having claimed yesterday to officially suspend its purchases of U.S. agricultural goods, demand destruction now reigns supreme in the market’s mind. If China truly avoids U.S. ag commodities, the odd...

wheat feed-grains

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS A feed protein production facility is going to be established in Saudi Arabia. It is reportedly intended to produce as much as 50,000 MT of animal feed protein annually through the processing of methane gas. Construction is expected to begin i...

FOB Prices and Freight Rate App (Updated 16 August)

Update for 16 August 2019: All other routes/offers updated through the day's mid-day pricing.    Tweet Update for 1 August 2019: New routes added: Agrentina to Japan, Brazil to Japan 4 May Update: Pushed a user interface change and improved app responsiveness. Data updated to refle...

Interactive Ocean Freight Rates (Updated 16 August)

Ocean Freight Insights and Comments - 15 August 2019 By Jay O'Neil Commodity Consulting   Dry-bulk markets found a bottom this week and bounced off it. From a technical point of view, you would say that things gapped higher. Now, the market is wondering if this is a true turn around or if...

feed-grains soy-oilseeds wheat

Market Commentary

The corn bulls have been hoping that the Pro Farmer crop tour will reveal USDA to be a liar. The crop voyeurs are seeing some yields below the its estimates but also some that are higher. Either way, their observations will not change USDA’s numbers. In fact, those could stay roughly the...

feed-grains soy-oilseeds wheat

Grain Markets Face Uncertainty

It is said that grain traders seek certainty, but grain markets thrive on uncertainty. The days since USDA released its WASDE on 12 August have offered the latest example of this dichotomy. Of course when it comes to grain markets, seldom are potential market-moving factors ever certain. Howeve...

feed-grains soy-oilseeds wheat

Market Commentary

Markets continue to reel from the August WASDE with the trade trying to decide if USDA’s latest figures are wrong, right, or somewhere in between. One could make the case either way with its estimates being the best available at a given time but also subject to the fact that the world (an...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 5-9 August 2019 Domestic prices moved in different directions: rising in regions where they had decreased too much the week before and dropping in those that started quoting for 2019 production. Meanwhile, there was little change in other regions. The fact that harvesting...

wheat feed-grains

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Saudi Arabia is adjusting its wheat import requirements for implementation as of the next tender. Traders expect that a change in the bug damage limitation will allow Russia to take a large share of the Saudi wheat business, particularly since...

feed-grains

WASDE Corn

USDA reports for August 2019: Larger supplies, reduced exports and corn used for ethanol, and greater ending stocks. Corn production is forecast at 13.9 billion bushels, up 26 million from the July projection as a decline in harvested acres is virtually offset by an increase in yield. The seaso...

feed-grains soy-oilseeds wheat

Market Commentary

Ag commodities closed mostly higher for the day after trading both sides of unchanged. Continued weakness in macro markets pressured futures, while mild supply-side concerns for corn and soybeans were supportive. Growing doubts on whether the U.S. and China will meet in September are emboldenin...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 29 July-2 August 2019 Domestic price development was atypical for this time of year with increases in the European part of Russia that usually don’t occur in August. The reason for this was high demand from processors. Meanwhile, the average milling wheat (12.5 perc...

feed-grains soy-oilseeds wheat

Market Commentary

Funds were net sellers in a day that bears regained the fundamental advantage. With China having claimed yesterday to officially suspend its purchases of U.S. agricultural goods, demand destruction now reigns supreme in the market’s mind. If China truly avoids U.S. ag commodities, the odd...

wheat feed-grains

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS A feed protein production facility is going to be established in Saudi Arabia. It is reportedly intended to produce as much as 50,000 MT of animal feed protein annually through the processing of methane gas. Construction is expected to begin i...

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