World Perspectives

Recent Black Sea Analysis

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 10-14 June 2019 Export prices for 2019 wheat (12.5 percent protein content) remained within $196-198/MT FOB Black Sea, and the average purchase price was RUB 10,500/MT CPT-port Black Sea. Meanwhile, the average export price for 2019 feed barley dropped to $170/MT FOB Blac...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy complex futures were mostly lower overnight with the corn market’s recent support diminishing. Soybeans were choppy with headlines about a potential Trump/Xi meeting being balanced against the overall bearishness of soybean fundamentals. Overall, the market was characterized...

FOB Prices and Freight Rate App (Updated 19 June)

Update for 19 June: Prices/data updated through Friday's close.  Tweet  4 May Update: Pushed a user interface change and improved app responsiveness. Data updated to reflect prices through Friday's close.  Launch Information:  WPI is proud to introduce our FOB Prices a...

Interactive Ocean Freight Rates (Updated 19 June)

Update for 19 June 2019:  Data updated for all listed routes.   Update for 26 April 2019: Weekly data updates have been pushed, along with new routes added from the U.S. Pacific Northwest (PNW). Enjoy!  Update for 24 April 2019: Thanks for the feedback and suggestions on the app...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy complex futures were weaker overnight as profit taking in corn and wheat pushed those markets lower. Soybeans were sold in sympathy with the grains, although soyoil posted modest gains on long soyoil/short soymeal spread trade. Agricultural and equity markets received a boost this...

wheat feed-grains

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The Tunisian government will be using drones this year to assess the grain crops as well as to try and identify those who have been setting fire to the wheat crops in parts of the country. However, some locals say only very high temperatures a...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat Southeast Europe and Black Sea wheat markets are mostly steady to start the week despite rising prices in France, Germany and the U.S. The Black Sea region has been under a hot/dry weather pattern that has yet to create significant concerns for the wheat crop there. Soil moistures...

feed-grains soy-oilseeds wheat

No Growth Out of Bear Market

Historically, the keys to getting out of bear commodity markets have been economic growth and production cuts in response to low prices. Rising grain and oilseed stocks from the 1997 Asian financial crisis began to subside as the recovery in world gross domestic product (GDP) growth boosted dem...

feed-grains soy-oilseeds wheat

Uncertainty Reigns

Despite the plethora of new data sources such as crop tours, field surveys, satellite imagery and the numerous forecasts they support, there is still great uncertainty about the global crop supply. The influential combination of climate change and genetics presents enough doubts about the real...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy complex futures were lower overnight in a correction from yesterday’s WASDE-induced move higher. There was little fresh news last night, but additional commercial hedges were placed after yesterday’s strong gains. The day session found significant short covering in soy...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 3-7 June 2019 Prices on the domestic market continued to either decrease moderately or remain stable in RUB expression. Export prices for 2019 wheat (12.5 percent protein content) rose slightly in their bottom segment to $196-198/MT FOB Black Sea, while that average price...

feed-grains soy-oilseeds wheat

Market Commentary

Today’s trading revolved around the June WASDE report with corn, soybeans and wheat lower before its release as traders anticipated only minor changes to the U.S. balance sheets. Corn moved swiftly higher after the report was issued, however, as USDA surprised the market by drastically cu...

feed-grains

WASDE Corn

USDA Reported:  This month’s 2019/20 U.S. corn outlook is for increased beginning stocks and imports, sharply lower production, reduced feed and residual use and exports, and smaller ending stocks.  Beginning stocks are up reflecting a 100-million-bushel decline in projected exp...

wheat feed-grains

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS This past week has been the post-Ramadan Eid al Fitr period of religious holidays in the Middle East and North Africa (MENA), and all Muslim businesses were closed either for a number of days or the entire time. As a result, the amount of grai...

feed-grains soy-oilseeds wheat

Market Commentary

Consolidation was the word of the day ahead of tomorrow’s WASDE report. Corn finished slightly higher for the most part, while soybeans and wheat added a few pennies’ value. There was notable short covering in the soy complex as traders evened their positions after several days of l...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market was weaker last week as the hot, dry weather over parts of Russia did not scare it. Weather maps are showing ample soil and subsoil moisture accumulated during April and May in the southern region. High temperatures in June are common there, and the wheat is t...

feed-grains soy-oilseeds wheat

Market Commentary

Ag futures attempted an overnight rally, but none (except for corn) were able to overcome yesterday’s highs. The inability of bulls to push the market above that point led to a weaker opening in slow trade this morning. Weather remains a focus, but with mostly improved conditions across t...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and soybean futures were both lower overnight, while wheat futures found support after consecutive down days. The forecast remains favorable for spring crop planting and development, and USDA’s recent announcement that prevented planting acres will be ineligible for Market Facilitati...

feed-grains soy-oilseeds wheat

Market Commentary

Weather forecasts run yesterday afternoon and evening continue to show a drying trend across the Corn Belt, which led futures lower overnight. The worst of the planting-delaying weather seems to be over, and fresh forecasts are broadly encouraging. Overnight pressure also came from news that ho...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 27-31 May 2019 Prices on the domestic market again either mostly declined moderately or remained stable in RUB expression, but the decreases were higher in USD expression. Export prices for 2019 wheat (12.5 percent protein content) grew significantly to $195-198/MT FOB Bl...

feed-grains soy-oilseeds wheat

Market Commentary

Overnight trading was mixed with corn and soybeans firmer, while wheat dropped lower. However, the volume of trade was large, which speaks to the importance of the Crop Progress reports this year. If USDA’s March acreage figures are correct, yesterday’s report suggests there are 30...

feed-grains soy-oilseeds wheat

Market Commentary

The weather is supposed to improve over the northern part of the Midwest, allowing a robust planting opportunity, and speculators opened the day by initially selling corn for that reason as well as concern over the trade spat with Mexico. Wheat prices remained firm, which initially held corn up...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market is on fire as it has followed the U.S. futures market rally. Meanwhile, the weather in southern Russia is far from perfect as temperatures have risen to levels above 30°C, and the 14-day forecast is calling for precipitation that is much below the normal s...

feed-grains soy-oilseeds wheat

Market Commentary

Overnight trading was mostly lower on technical trades, the fact that short covering seems to have ended for the week, and a new trade war. The president announced late Thursday that the U.S. would apply a 5 percent tariff on goods imported from Mexico, which will be gradually increased to 25 p...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 10-14 June 2019 Export prices for 2019 wheat (12.5 percent protein content) remained within $196-198/MT FOB Black Sea, and the average purchase price was RUB 10,500/MT CPT-port Black Sea. Meanwhile, the average export price for 2019 feed barley dropped to $170/MT FOB Blac...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy complex futures were mostly lower overnight with the corn market’s recent support diminishing. Soybeans were choppy with headlines about a potential Trump/Xi meeting being balanced against the overall bearishness of soybean fundamentals. Overall, the market was characterized...

FOB Prices and Freight Rate App (Updated 19 June)

Update for 19 June: Prices/data updated through Friday's close.  Tweet  4 May Update: Pushed a user interface change and improved app responsiveness. Data updated to reflect prices through Friday's close.  Launch Information:  WPI is proud to introduce our FOB Prices a...

Interactive Ocean Freight Rates (Updated 19 June)

Update for 19 June 2019:  Data updated for all listed routes.   Update for 26 April 2019: Weekly data updates have been pushed, along with new routes added from the U.S. Pacific Northwest (PNW). Enjoy!  Update for 24 April 2019: Thanks for the feedback and suggestions on the app...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy complex futures were weaker overnight as profit taking in corn and wheat pushed those markets lower. Soybeans were sold in sympathy with the grains, although soyoil posted modest gains on long soyoil/short soymeal spread trade. Agricultural and equity markets received a boost this...

wheat feed-grains

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The Tunisian government will be using drones this year to assess the grain crops as well as to try and identify those who have been setting fire to the wheat crops in parts of the country. However, some locals say only very high temperatures a...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat Southeast Europe and Black Sea wheat markets are mostly steady to start the week despite rising prices in France, Germany and the U.S. The Black Sea region has been under a hot/dry weather pattern that has yet to create significant concerns for the wheat crop there. Soil moistures...

feed-grains soy-oilseeds wheat

No Growth Out of Bear Market

Historically, the keys to getting out of bear commodity markets have been economic growth and production cuts in response to low prices. Rising grain and oilseed stocks from the 1997 Asian financial crisis began to subside as the recovery in world gross domestic product (GDP) growth boosted dem...

feed-grains soy-oilseeds wheat

Uncertainty Reigns

Despite the plethora of new data sources such as crop tours, field surveys, satellite imagery and the numerous forecasts they support, there is still great uncertainty about the global crop supply. The influential combination of climate change and genetics presents enough doubts about the real...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy complex futures were lower overnight in a correction from yesterday’s WASDE-induced move higher. There was little fresh news last night, but additional commercial hedges were placed after yesterday’s strong gains. The day session found significant short covering in soy...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 3-7 June 2019 Prices on the domestic market continued to either decrease moderately or remain stable in RUB expression. Export prices for 2019 wheat (12.5 percent protein content) rose slightly in their bottom segment to $196-198/MT FOB Black Sea, while that average price...

feed-grains soy-oilseeds wheat

Market Commentary

Today’s trading revolved around the June WASDE report with corn, soybeans and wheat lower before its release as traders anticipated only minor changes to the U.S. balance sheets. Corn moved swiftly higher after the report was issued, however, as USDA surprised the market by drastically cu...

feed-grains

WASDE Corn

USDA Reported:  This month’s 2019/20 U.S. corn outlook is for increased beginning stocks and imports, sharply lower production, reduced feed and residual use and exports, and smaller ending stocks.  Beginning stocks are up reflecting a 100-million-bushel decline in projected exp...

wheat feed-grains

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS This past week has been the post-Ramadan Eid al Fitr period of religious holidays in the Middle East and North Africa (MENA), and all Muslim businesses were closed either for a number of days or the entire time. As a result, the amount of grai...

feed-grains soy-oilseeds wheat

Market Commentary

Consolidation was the word of the day ahead of tomorrow’s WASDE report. Corn finished slightly higher for the most part, while soybeans and wheat added a few pennies’ value. There was notable short covering in the soy complex as traders evened their positions after several days of l...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market was weaker last week as the hot, dry weather over parts of Russia did not scare it. Weather maps are showing ample soil and subsoil moisture accumulated during April and May in the southern region. High temperatures in June are common there, and the wheat is t...

feed-grains soy-oilseeds wheat

Market Commentary

Ag futures attempted an overnight rally, but none (except for corn) were able to overcome yesterday’s highs. The inability of bulls to push the market above that point led to a weaker opening in slow trade this morning. Weather remains a focus, but with mostly improved conditions across t...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and soybean futures were both lower overnight, while wheat futures found support after consecutive down days. The forecast remains favorable for spring crop planting and development, and USDA’s recent announcement that prevented planting acres will be ineligible for Market Facilitati...

feed-grains soy-oilseeds wheat

Market Commentary

Weather forecasts run yesterday afternoon and evening continue to show a drying trend across the Corn Belt, which led futures lower overnight. The worst of the planting-delaying weather seems to be over, and fresh forecasts are broadly encouraging. Overnight pressure also came from news that ho...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 27-31 May 2019 Prices on the domestic market again either mostly declined moderately or remained stable in RUB expression, but the decreases were higher in USD expression. Export prices for 2019 wheat (12.5 percent protein content) grew significantly to $195-198/MT FOB Bl...

feed-grains soy-oilseeds wheat

Market Commentary

Overnight trading was mixed with corn and soybeans firmer, while wheat dropped lower. However, the volume of trade was large, which speaks to the importance of the Crop Progress reports this year. If USDA’s March acreage figures are correct, yesterday’s report suggests there are 30...

feed-grains soy-oilseeds wheat

Market Commentary

The weather is supposed to improve over the northern part of the Midwest, allowing a robust planting opportunity, and speculators opened the day by initially selling corn for that reason as well as concern over the trade spat with Mexico. Wheat prices remained firm, which initially held corn up...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market is on fire as it has followed the U.S. futures market rally. Meanwhile, the weather in southern Russia is far from perfect as temperatures have risen to levels above 30°C, and the 14-day forecast is calling for precipitation that is much below the normal s...

feed-grains soy-oilseeds wheat

Market Commentary

Overnight trading was mostly lower on technical trades, the fact that short covering seems to have ended for the week, and a new trade war. The president announced late Thursday that the U.S. would apply a 5 percent tariff on goods imported from Mexico, which will be gradually increased to 25 p...

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