FOB Prices and Freight Rate App (Updated 22 July)
Ocean Freight Comments - 22 July 2021 By Jay O'Neil Commodity Consulting It was another mixed week in dry-bulk markets without any well-defined direction. Markets were down and took away some recent excitement but did not indicate that a new trend has developed. Port weather problems in China,...
Interactive Ocean Freight Rates (Updated 22 July)
Ocean Freight Comments - 22 July 2021 By Jay O'Neil Commodity Consulting It was another mixed week in dry-bulk markets without any well-defined direction. Markets were down and took away some recent excitement but did not indicate that a new trend has developed. Port weather problems in Chi...
Black Sea Regional Analysis
Russian Grain Markets: 12-16 July 2021 Prices continue to decrease in the domestic Russian grain market, but in some regions, they were slightly up. Average 3rd grade soft milling wheat and milling rye prices remained stable despite abundant new harvest. Meanwhile, the export milling wheat aver...
Reason to Produce
The countries producing the largest number of soybeans and corn are responding to current elevated prices. However, the response is uneven. China is switching producer incentives from planting soybeans to growing corn. The predicted increase in corn production in Brazil and Ukraine is outsized...
Black Sea Regional Analysis
Russian Grain Markets: 5-9 July 2021 The domestic Russian grain market continued to switch to 2021 yield prices , and as a result prices decreased. Winter barley and wheat average yield is high, so the decrease of prices is quite significant. Meanwhile, export milling wheat average price decrea...
WASDE Corn
USDA’s July outlook for U.S. corn in 2021/22 is for larger supplies, greater feed and residual use, increased exports, and higher ending stocks. The national average corn yield is unchanged at 179.5 bushels per acre. During June, harvested-area weighted precipitation for the m...
WASDE Wheat
USDA’s July outlook for U.S. wheat in 2021/22 is for reduced supplies, lower domestic use and exports, and decreased ending stocks. Supplies are lowered on reduced wheat production and beginning stocks. All wheat production is lowered 152 million bushels to 1,746 million. ...
Black Sea Regional Analysis
Russian Grain Markets: 28 June-2 July 2021 The domestic Russian grain market kept switching to the prices of 2021 yield, so prices decreased, especially dramatically in the south. Currently, sellers sell both 2020 and 2021 yields. It’s difficult to predict further development of prices, a...
Black Sea Regional Analysis
Russian Grain Markets: 21-25 June 2021 Harvesting was the main factor impacting the prices on the Russian grain market. Export milling wheat average price decreased to $247/MT FOB Black Sea. The average purchase price decreased to RUB 13,900/MT CPT-port Black Sea. Feed barley average export pri...
Ag Review - June 2021
WPI's monthly publication features a review of the past month's market and policy analysis articles. This month we examine the commodities boom, policies impacting the Renewable Fuel Standards, the Biden Administration's transatlantic agreements, the flour and egg markets as well as markets in...
Black Sea Regional Analysis
Russian Grain Markets: 14-18 June 2021 The influence of the 2021 yield on the Russian market increased as harvesting progressed in the south of Russia. Today, the export duty remained unchanged for feed barley but grew for wheat and corn: Wheat export duty: $38.1/MT @ $254.5/MT Barley...
Backwards on TFP
While activists to Ukraine’s east decry Big Ag and romanticize about the superiority of small, inefficient farms, Kiev’s new law will enable the buying and selling of farmland beginning 1 July. The government hopes that a well-functioning land market will lead toward bigger, more ef...
FOB Prices and Freight Rate App (Updated 22 July)
Ocean Freight Comments - 22 July 2021 By Jay O'Neil Commodity Consulting It was another mixed week in dry-bulk markets without any well-defined direction. Markets were down and took away some recent excitement but did not indicate that a new trend has developed. Port weather problems in China,...
Interactive Ocean Freight Rates (Updated 22 July)
Ocean Freight Comments - 22 July 2021 By Jay O'Neil Commodity Consulting It was another mixed week in dry-bulk markets without any well-defined direction. Markets were down and took away some recent excitement but did not indicate that a new trend has developed. Port weather problems in Chi...
Black Sea Regional Analysis
Russian Grain Markets: 12-16 July 2021 Prices continue to decrease in the domestic Russian grain market, but in some regions, they were slightly up. Average 3rd grade soft milling wheat and milling rye prices remained stable despite abundant new harvest. Meanwhile, the export milling wheat aver...
Reason to Produce
The countries producing the largest number of soybeans and corn are responding to current elevated prices. However, the response is uneven. China is switching producer incentives from planting soybeans to growing corn. The predicted increase in corn production in Brazil and Ukraine is outsized...
Black Sea Regional Analysis
Russian Grain Markets: 5-9 July 2021 The domestic Russian grain market continued to switch to 2021 yield prices , and as a result prices decreased. Winter barley and wheat average yield is high, so the decrease of prices is quite significant. Meanwhile, export milling wheat average price decrea...
WASDE Corn
USDA’s July outlook for U.S. corn in 2021/22 is for larger supplies, greater feed and residual use, increased exports, and higher ending stocks. The national average corn yield is unchanged at 179.5 bushels per acre. During June, harvested-area weighted precipitation for the m...
WASDE Wheat
USDA’s July outlook for U.S. wheat in 2021/22 is for reduced supplies, lower domestic use and exports, and decreased ending stocks. Supplies are lowered on reduced wheat production and beginning stocks. All wheat production is lowered 152 million bushels to 1,746 million. ...
Black Sea Regional Analysis
Russian Grain Markets: 28 June-2 July 2021 The domestic Russian grain market kept switching to the prices of 2021 yield, so prices decreased, especially dramatically in the south. Currently, sellers sell both 2020 and 2021 yields. It’s difficult to predict further development of prices, a...
Black Sea Regional Analysis
Russian Grain Markets: 21-25 June 2021 Harvesting was the main factor impacting the prices on the Russian grain market. Export milling wheat average price decreased to $247/MT FOB Black Sea. The average purchase price decreased to RUB 13,900/MT CPT-port Black Sea. Feed barley average export pri...
Ag Review - June 2021
WPI's monthly publication features a review of the past month's market and policy analysis articles. This month we examine the commodities boom, policies impacting the Renewable Fuel Standards, the Biden Administration's transatlantic agreements, the flour and egg markets as well as markets in...
Black Sea Regional Analysis
Russian Grain Markets: 14-18 June 2021 The influence of the 2021 yield on the Russian market increased as harvesting progressed in the south of Russia. Today, the export duty remained unchanged for feed barley but grew for wheat and corn: Wheat export duty: $38.1/MT @ $254.5/MT Barley...
Backwards on TFP
While activists to Ukraine’s east decry Big Ag and romanticize about the superiority of small, inefficient farms, Kiev’s new law will enable the buying and selling of farmland beginning 1 July. The government hopes that a well-functioning land market will lead toward bigger, more ef...