Transportation Perspectives - 12 November
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
Black Sea Regional Analysis
Russian Grain Markets: 2–6 November 2026 The Russian grain market remained relatively stable during the first week of November, although prices varied significantly by region. Prices were bearish in the Central, Black Soil and Southern Federal districts, while the Volga Valley, Urals and...
FOB Prices and Freight Rates App (Updated 11 November)
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
AP Quant: WASDE Corn
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive compilation of relevant market factors, only those which we feel are of top priority. WPI will seek to expand the offerings in this report and w...
AP Quant: WASDE Soybeans
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive compilation of relevant market factors, only those which we feel are of top priority. WPI will seek to expand the offerings in this report and w...
AP Quant: WASDE Wheat
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive compilation of relevant market factors, only those which we feel are of top priority. WPI will seek to expand the offerings in this report and w...
European Market Analysis
Regional News Black Sea trade dynamics remain central to European wheat and corn pricing, with the reported 26 percent increase in Ukraine’s October grain shipments adding pressure to markets. Concurrently, markets are waiting for the scheduled trilateral peace talks between the U.S...
Transportation Perspectives - 5 November
Key Takeaways: Fresh North Atlantic cargoes lifted Capesize hire even as iron ore voyage assessments eased, giving owners the most leverage on transatlantic business. Australian coal helped turn Panamax rates higher, but a sustained Atlantic recovery will require more grain bookings from the A...
Black Sea Regional Analysis
Russian Grain Markets: 26–30 October 2026 During the week in review Russian grain market remained quite volatile where feed wheat was appreciating and During the week in review, the Russian grain market remained volatile. Feed wheat prices appreciated while milling wheat prices declined...
Leading Corn Exporters Serve Different Markets
Key Takeaways: The United States, Brazil, Argentina, and Ukraine dominate global corn exports, with geography, trade relationships, and seasonal production patterns shaping their competitive advantages. U.S. corn exports reached a record 87.1 MMT in 2025/26, with Mexico, Japan, South Korea, an...
Black Sea Regional Analysis
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
Market Commentary: CBOT Ends Bearish Week on a Mixed Note; Bullish COF and Cold Storage Data
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
European Market Analysis
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
Transportation Perspectives - 22 October
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
Market Commentary: At the Crossroads of Pressure and Possibility
Markets are caught between reasons to keep selling and reasons to take another look. Fund liquidation and renewed peace talks are pressuring grains, while fresh export business and some diesel relief offer encouragement. Corn recovered nearly 10 cents from its low to finish higher, while soybea...
Black Sea Regional Analysis
Russian Grain Markets: 12–16 October 2026 During the week in review, the Russian grain market began recovering after an extended decline driven largely by Black Sea logistics bottlenecks, a good crop and weaker global demand in traditional Russian markets. Russia is beginning to harvest c...
Transportation Perspectives - 15 October
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
Black Sea Regional Analysis
Russian Grain Markets: 5–9 October 2026 During the week in review Russian grain market remained relatively stable. The market finally realized that Black Sea trade may not resume soon so most of the trade calculations were done in the direction of Baltic Sea, Caspian Sea, Barents Sea and...
Premium Vegetable Oils Fill a Niche in the Market
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
The Decline of U.S. Wheat Export Dominance
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
WASDE Corn - October 2026
USDA’s October WASDE outlook for 2026/27 U.S. corn increased ending stocks by 282 million bushels to 1.8 billion. The season-average corn price received by producers is lowered $0.10 per bushel to $4.70. 2026/27 global corn ending stocks are up 8.3 million tons to 280.4 million tons - pri...
WASDE Wheat - October 2026
USDA’s October WASDE outlook for 2026/27 total U.S. wheat is increased ending stocks by 23 million bushels to 740 million – but USDA notes that this is still 20 percent below last year. The season-average farm price is lowered $0.10 per bushel to $6.30 per bushel. 2026/27 glob...
AP Quant: WASDE Soybeans
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive compilation of relevant market factors, only those which we feel are of top priority. WPI will seek to expand the offerings in this report and w...
AP Quant: WASDE Vegoils
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive compilation of relevant market factors, only those which we feel are of top priority. WPI will seek to expand the offerings in this report and w...
Transportation Perspectives - 12 November
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
Black Sea Regional Analysis
Russian Grain Markets: 2–6 November 2026 The Russian grain market remained relatively stable during the first week of November, although prices varied significantly by region. Prices were bearish in the Central, Black Soil and Southern Federal districts, while the Volga Valley, Urals and...
FOB Prices and Freight Rates App (Updated 11 November)
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
AP Quant: WASDE Corn
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive compilation of relevant market factors, only those which we feel are of top priority. WPI will seek to expand the offerings in this report and w...
AP Quant: WASDE Soybeans
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive compilation of relevant market factors, only those which we feel are of top priority. WPI will seek to expand the offerings in this report and w...
AP Quant: WASDE Wheat
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive compilation of relevant market factors, only those which we feel are of top priority. WPI will seek to expand the offerings in this report and w...
European Market Analysis
Regional News Black Sea trade dynamics remain central to European wheat and corn pricing, with the reported 26 percent increase in Ukraine’s October grain shipments adding pressure to markets. Concurrently, markets are waiting for the scheduled trilateral peace talks between the U.S...
Transportation Perspectives - 5 November
Key Takeaways: Fresh North Atlantic cargoes lifted Capesize hire even as iron ore voyage assessments eased, giving owners the most leverage on transatlantic business. Australian coal helped turn Panamax rates higher, but a sustained Atlantic recovery will require more grain bookings from the A...
Black Sea Regional Analysis
Russian Grain Markets: 26–30 October 2026 During the week in review Russian grain market remained quite volatile where feed wheat was appreciating and During the week in review, the Russian grain market remained volatile. Feed wheat prices appreciated while milling wheat prices declined...
Leading Corn Exporters Serve Different Markets
Key Takeaways: The United States, Brazil, Argentina, and Ukraine dominate global corn exports, with geography, trade relationships, and seasonal production patterns shaping their competitive advantages. U.S. corn exports reached a record 87.1 MMT in 2025/26, with Mexico, Japan, South Korea, an...
Black Sea Regional Analysis
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
Market Commentary: CBOT Ends Bearish Week on a Mixed Note; Bullish COF and Cold Storage Data
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
European Market Analysis
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
Transportation Perspectives - 22 October
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
Market Commentary: At the Crossroads of Pressure and Possibility
Markets are caught between reasons to keep selling and reasons to take another look. Fund liquidation and renewed peace talks are pressuring grains, while fresh export business and some diesel relief offer encouragement. Corn recovered nearly 10 cents from its low to finish higher, while soybea...
Black Sea Regional Analysis
Russian Grain Markets: 12–16 October 2026 During the week in review, the Russian grain market began recovering after an extended decline driven largely by Black Sea logistics bottlenecks, a good crop and weaker global demand in traditional Russian markets. Russia is beginning to harvest c...
Transportation Perspectives - 15 October
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
Black Sea Regional Analysis
Russian Grain Markets: 5–9 October 2026 During the week in review Russian grain market remained relatively stable. The market finally realized that Black Sea trade may not resume soon so most of the trade calculations were done in the direction of Baltic Sea, Caspian Sea, Barents Sea and...
Premium Vegetable Oils Fill a Niche in the Market
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
The Decline of U.S. Wheat Export Dominance
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
WASDE Corn - October 2026
USDA’s October WASDE outlook for 2026/27 U.S. corn increased ending stocks by 282 million bushels to 1.8 billion. The season-average corn price received by producers is lowered $0.10 per bushel to $4.70. 2026/27 global corn ending stocks are up 8.3 million tons to 280.4 million tons - pri...
WASDE Wheat - October 2026
USDA’s October WASDE outlook for 2026/27 total U.S. wheat is increased ending stocks by 23 million bushels to 740 million – but USDA notes that this is still 20 percent below last year. The season-average farm price is lowered $0.10 per bushel to $6.30 per bushel. 2026/27 glob...
AP Quant: WASDE Soybeans
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive compilation of relevant market factors, only those which we feel are of top priority. WPI will seek to expand the offerings in this report and w...
AP Quant: WASDE Vegoils
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive compilation of relevant market factors, only those which we feel are of top priority. WPI will seek to expand the offerings in this report and w...