World Perspectives

Recent Black Sea Analysis

FOB Prices and Freight Rate App (Updated 12 December)

Update for 12 December 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.   Freight Comments for 12 December 2019: Jay O’Neil, O’Neil Commod...

Interactive Ocean Freight Rates (Updated 12 December)

Data Updated Through: 12 December 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 - 12 December 2019 By Jay O'Neil Commodity Consulting Last week the Dry-Bulk market may have fou...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 2-6 December 2019 Domestic Russian milling rye prices grew sharply. Milling and feed wheat prices also increased, but at a moderate rate. As for export prices, the average milling wheat price grew to $212MT FOB Black Sea. Purchase prices grew to RUB 12,500-12,700/MT. Feed...

feed-grains

WASDE Corn

Summary of USDA’s December 2019 Corn Estimates: No change to U.S. balance sheet. 2019/20 global exports are reduced 0.9 million tons as reductions for Argentina, Australia, and Canada are partly offset by increases for Russia and the U.S.  The U.S. has become more price competitive i...

feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Regional News The weather for Southeast Europe and the Black Sea remains broadly favorable for crop development. In Romania, there is an absence of significant frost/freeze worries while moisture remains near normal. In Bulgaria, above average temperatures and improving soil moisture conditions...

feed-grains soy-oilseeds wheat

Possible Bullish Scenarios

It has been easy to be bearish on grain and soybean prices so far during the 2019/2020 crop cycle. In fact, it has been easy to be bearish during the last several crop cycles. The U.S. has seen several years of big corn crops, but so have South America and the Black Sea region. Competition for...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 24-29 November 2019 Russian grain prices fluctuated but didn’t change significantly. Wheat prices in Siberia decreased moderately as demand from Kazakhstan weakened. As for export prices, the average milling wheat price grew to $210/MT FOB Black Sea. Purchase prices...

feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Regional News Russia’s Agricultural Ministry last week outlined a strategy to increase the country’s agricultural exports to $45 billion by 2035. The plan includes a grain crop of 150.3 MMT by the target date as the country looks to invest 4.4 trillion rubles (about $70 billion) fro...

feed-grains soy-oilseeds wheat

Market Commentary

Post-Thanksgiving Day trade at the CBOT/CME featured the expected light volume but some unexpected fund buying in grains. The first notice day for December futures brought no deliveries against corn or wheat futures. There were, however, 319 soymeal deliveries and 226 soyoil tenders. The lack o...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 18-22 November 2019 Domestic Russian grain prices grew slightly, and corn prices also started growing after a long period of decrease. The average milling wheat export price remained at $208/MT FOB Black Sea. Purchase prices remained within RUB 12,400-12,500/MT. Feed barl...

feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Regional News The EU Commission’s latest crop update highlights the divergent but consistently challenging conditions faced by European farmers this year. The report cites too much rain over France, Germany, and other western European countries has hindered winter wheat plantings. At the...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 11-15 November 2019 Domestic Russian grain prices (excluding corn) grew slightly. Corn prices fluctuated insignificantly. Milling wheat export prices grew to $208/MT FOB Black Sea. Purchase prices remained within RUB 12,400-12,500/MT. Feed barley average export price grew...

feed-grains wheat soy-oilseeds

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS It looks to be good news for grain importers as most experts in the ocean freight business are expecting dry-bulk freight rates to be steady to lower over the next year. The long expected rally in prices due to new low-sulfur requirement level...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 4-8 November 2019 Domestic Russian grain prices (excluding corn) continued to grow but the rate of growth slowed. Corn prices slightly decreased. Milling wheat export prices decreased to $206/MT FOB Black Sea. Purchase prices remained within RUB 12,400-12,500/MT. Feed bar...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 28 October – 1 November 2019 Domestic Russian grain prices (excluding corn) were still growing despite the global downward trend. Growth of prices in Siberia was more significant due to demand for Siberian grain from Kazakhstan. Milling wheat export prices remained...

feed-grains wheat soy-oilseeds

Southeast Europe Regional Analysis

Regional News The weather across Europe and the Black Sea remains widely variable with dramatically different implications for summer crop harvest and winter crop planting for each country. Broadly, conditions in France and northern Germany are too wet, which is delaying corn harvest and winter...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 21-25 October 2019 Domestic Russian grain (excluding corn) prices kept growing at a higher rate than the previous week. Specifically, in Siberia there was a significant increase in prices due to active demand from Kazakhstan.  Milling wheat export prices grew to $210...

feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Regional News Farmers across the UK, Ireland, France, and northern Germany are struggling to plant winter crops this fall due to heavy September rains. French winter wheat plantings are 29 percent complete, compared to the 50 percent that is typical for this time of year. French barley planting...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

  Russian Grain Markets: 14-18 October 2019 Domestic Russian grain prices (excluding corn) continue to grow due to active demand from both domestic buyers and foreign importers. Corn prices decreased due to a progressing harvest that resulted in growing offers. Milling wheat export prices...

feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Regional News Ukraine’s weekly seaport grain exports increased 47 percent last week, reaching 1.13 MMT. Wheat exports totaled 557,000 MT while corn shipments were 473,000 MT. For the 2019/20 marketing year today, Ukraine has shipped 16.106 MMT of grain, including 10.06 MMT of wheat and 2...

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...

FOB Prices and Freight Rate App (Updated 12 December)

Update for 12 December 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.   Freight Comments for 12 December 2019: Jay O’Neil, O’Neil Commod...

Interactive Ocean Freight Rates (Updated 12 December)

Data Updated Through: 12 December 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 - 12 December 2019 By Jay O'Neil Commodity Consulting Last week the Dry-Bulk market may have fou...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 2-6 December 2019 Domestic Russian milling rye prices grew sharply. Milling and feed wheat prices also increased, but at a moderate rate. As for export prices, the average milling wheat price grew to $212MT FOB Black Sea. Purchase prices grew to RUB 12,500-12,700/MT. Feed...

feed-grains

WASDE Corn

Summary of USDA’s December 2019 Corn Estimates: No change to U.S. balance sheet. 2019/20 global exports are reduced 0.9 million tons as reductions for Argentina, Australia, and Canada are partly offset by increases for Russia and the U.S.  The U.S. has become more price competitive i...

feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Regional News The weather for Southeast Europe and the Black Sea remains broadly favorable for crop development. In Romania, there is an absence of significant frost/freeze worries while moisture remains near normal. In Bulgaria, above average temperatures and improving soil moisture conditions...

feed-grains soy-oilseeds wheat

Possible Bullish Scenarios

It has been easy to be bearish on grain and soybean prices so far during the 2019/2020 crop cycle. In fact, it has been easy to be bearish during the last several crop cycles. The U.S. has seen several years of big corn crops, but so have South America and the Black Sea region. Competition for...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 24-29 November 2019 Russian grain prices fluctuated but didn’t change significantly. Wheat prices in Siberia decreased moderately as demand from Kazakhstan weakened. As for export prices, the average milling wheat price grew to $210/MT FOB Black Sea. Purchase prices...

feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Regional News Russia’s Agricultural Ministry last week outlined a strategy to increase the country’s agricultural exports to $45 billion by 2035. The plan includes a grain crop of 150.3 MMT by the target date as the country looks to invest 4.4 trillion rubles (about $70 billion) fro...

feed-grains soy-oilseeds wheat

Market Commentary

Post-Thanksgiving Day trade at the CBOT/CME featured the expected light volume but some unexpected fund buying in grains. The first notice day for December futures brought no deliveries against corn or wheat futures. There were, however, 319 soymeal deliveries and 226 soyoil tenders. The lack o...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 18-22 November 2019 Domestic Russian grain prices grew slightly, and corn prices also started growing after a long period of decrease. The average milling wheat export price remained at $208/MT FOB Black Sea. Purchase prices remained within RUB 12,400-12,500/MT. Feed barl...

feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Regional News The EU Commission’s latest crop update highlights the divergent but consistently challenging conditions faced by European farmers this year. The report cites too much rain over France, Germany, and other western European countries has hindered winter wheat plantings. At the...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 11-15 November 2019 Domestic Russian grain prices (excluding corn) grew slightly. Corn prices fluctuated insignificantly. Milling wheat export prices grew to $208/MT FOB Black Sea. Purchase prices remained within RUB 12,400-12,500/MT. Feed barley average export price grew...

feed-grains wheat soy-oilseeds

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS It looks to be good news for grain importers as most experts in the ocean freight business are expecting dry-bulk freight rates to be steady to lower over the next year. The long expected rally in prices due to new low-sulfur requirement level...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 4-8 November 2019 Domestic Russian grain prices (excluding corn) continued to grow but the rate of growth slowed. Corn prices slightly decreased. Milling wheat export prices decreased to $206/MT FOB Black Sea. Purchase prices remained within RUB 12,400-12,500/MT. Feed bar...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 28 October – 1 November 2019 Domestic Russian grain prices (excluding corn) were still growing despite the global downward trend. Growth of prices in Siberia was more significant due to demand for Siberian grain from Kazakhstan. Milling wheat export prices remained...

feed-grains wheat soy-oilseeds

Southeast Europe Regional Analysis

Regional News The weather across Europe and the Black Sea remains widely variable with dramatically different implications for summer crop harvest and winter crop planting for each country. Broadly, conditions in France and northern Germany are too wet, which is delaying corn harvest and winter...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 21-25 October 2019 Domestic Russian grain (excluding corn) prices kept growing at a higher rate than the previous week. Specifically, in Siberia there was a significant increase in prices due to active demand from Kazakhstan.  Milling wheat export prices grew to $210...

feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Regional News Farmers across the UK, Ireland, France, and northern Germany are struggling to plant winter crops this fall due to heavy September rains. French winter wheat plantings are 29 percent complete, compared to the 50 percent that is typical for this time of year. French barley planting...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

  Russian Grain Markets: 14-18 October 2019 Domestic Russian grain prices (excluding corn) continue to grow due to active demand from both domestic buyers and foreign importers. Corn prices decreased due to a progressing harvest that resulted in growing offers. Milling wheat export prices...

feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Regional News Ukraine’s weekly seaport grain exports increased 47 percent last week, reaching 1.13 MMT. Wheat exports totaled 557,000 MT while corn shipments were 473,000 MT. For the 2019/20 marketing year today, Ukraine has shipped 16.106 MMT of grain, including 10.06 MMT of wheat and 2...

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...

Select Filters to Apply

  • Markets
  • Publications

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up