World Perspectives

Recent Black Sea Analysis

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...

feed-grains soy-oilseeds wheat

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...

feed-grains soy-oilseeds

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...

feed-grains soy-oilseeds wheat

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...

feed-grains

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...

wheat

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.&nbsp...

feed-grains soy-oilseeds wheat

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...

feed-grains soy-oilseeds wheat

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...

biofuel wheat livestock

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...

feed-grains soy-oilseeds wheat

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...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 7-11 June 2021 Russian domestic grain markets have heard the first trumpets of the new crop approach. However, bearish sentiments are already here while harvest may be slightly delayed due to a late spring. The bear has been moving slowly but steadily north and now Black...

feed-grains

WASDE Corn

USDA’s outlook for 2021/22 U.S. corn is for a modest reduction in beginning stocks because of ethanol and export demand.  The forecast season-average farm price is unchanged at $5.70 per bushel. This month’s 2021/22 foreign coarse grain outlook is for greater production, margin...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 31 May-4 June 2021 The Russian domestic grain market showed chaotic movement due to many factors both domestic and export oriented. Factors include bullish sentiments at the beginning of the season on the global market which is unusual, as well as RUB appreciation and the...

wheat feed-grains soy-oilseeds

European Market Analysis

Regional News  Europe’s weather is trending pleasantly warmer after a cool start to the growing season. Temperatures will be above normal for most of western and central Europe this week with rainfall limited to Spain, Italy, and parts of southeast Europe. The weather trend is a welc...

feed-grains wheat soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 24-28 May 2021 The Russian domestic grain market reacted to the introduction of the new “floating” export duty effective today. The duty is $28.1/MT for wheat (calculated on the basis of the price $240.2/MT), $39.6 for barley ($241.7/MT), and $52.2 for corn ($...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 17-21 May 2021 Russian domestic grain markets did not see any major price shifts, and although the market continued to show bullish sentiments such bullish dynamics are not that dramatic. Rye and peas trading slowed down and therefore prices slowly but steadily rolled dow...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 10-14 May 2021 Corn, barley, and wheat prices on the domestic market continued to grow while rye prices decreased. Apart from the global trends, there’s a domestic factor that contributed to the price growth: colder weather conditions 2021 resulting in delayed harve...

feed-grains

WASDE Corn

CORN: The corn crop is projected at 15.0 billion bushels, up from last year on higher area and a return to trend yield.  The yield projection of 179.5 bushels per acre is based on a weather-adjusted trend assuming normal planting progress and summer growing season weather. Total corn suppl...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 3-7 May 2021 Corn, barley, and wheat prices on the domestic market grew following global trends. The export milling wheat average price grew to $276/MT FOB Black Sea. The average purchase price grew to RUB 15,600/MT CPT-port Black Sea. Feed barley average export price gre...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 26-30 April 2021 Corn, barley, and wheat prices on the domestic market grew following global trends. The export milling wheat average price grew to $270/MT FOB Black Sea. The average purchase price grew to RUB 15,300/MT CPT-port Black Sea. Feed barley average export price...

soy-oilseeds

Rapeseed Production Increases

Over the past 10-months, surplus stocks of most major vegetable oils have declined, causing prices to rise. The exceptions are surplus supplies of rapeseed oil and olive oil, though they have benefited from the price pressures in other vegetable oils. Over the past 10-years, rapeseed oil produc...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 19-23 April 2021 Grain prices on the domestic market mainly grew following global trends. Export milling wheat average price grew to $262/MT FOB Black Sea. The average purchase price grew to RUB 14,750/MT CPT-port Black Sea. Feed barley average export price grew to $240/M...

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...

feed-grains soy-oilseeds wheat

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...

feed-grains soy-oilseeds

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...

feed-grains soy-oilseeds wheat

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...

feed-grains

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...

wheat

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.&nbsp...

feed-grains soy-oilseeds wheat

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...

feed-grains soy-oilseeds wheat

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...

biofuel wheat livestock

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...

feed-grains soy-oilseeds wheat

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...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 7-11 June 2021 Russian domestic grain markets have heard the first trumpets of the new crop approach. However, bearish sentiments are already here while harvest may be slightly delayed due to a late spring. The bear has been moving slowly but steadily north and now Black...

feed-grains

WASDE Corn

USDA’s outlook for 2021/22 U.S. corn is for a modest reduction in beginning stocks because of ethanol and export demand.  The forecast season-average farm price is unchanged at $5.70 per bushel. This month’s 2021/22 foreign coarse grain outlook is for greater production, margin...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 31 May-4 June 2021 The Russian domestic grain market showed chaotic movement due to many factors both domestic and export oriented. Factors include bullish sentiments at the beginning of the season on the global market which is unusual, as well as RUB appreciation and the...

wheat feed-grains soy-oilseeds

European Market Analysis

Regional News  Europe’s weather is trending pleasantly warmer after a cool start to the growing season. Temperatures will be above normal for most of western and central Europe this week with rainfall limited to Spain, Italy, and parts of southeast Europe. The weather trend is a welc...

feed-grains wheat soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 24-28 May 2021 The Russian domestic grain market reacted to the introduction of the new “floating” export duty effective today. The duty is $28.1/MT for wheat (calculated on the basis of the price $240.2/MT), $39.6 for barley ($241.7/MT), and $52.2 for corn ($...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 17-21 May 2021 Russian domestic grain markets did not see any major price shifts, and although the market continued to show bullish sentiments such bullish dynamics are not that dramatic. Rye and peas trading slowed down and therefore prices slowly but steadily rolled dow...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 10-14 May 2021 Corn, barley, and wheat prices on the domestic market continued to grow while rye prices decreased. Apart from the global trends, there’s a domestic factor that contributed to the price growth: colder weather conditions 2021 resulting in delayed harve...

feed-grains

WASDE Corn

CORN: The corn crop is projected at 15.0 billion bushels, up from last year on higher area and a return to trend yield.  The yield projection of 179.5 bushels per acre is based on a weather-adjusted trend assuming normal planting progress and summer growing season weather. Total corn suppl...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 3-7 May 2021 Corn, barley, and wheat prices on the domestic market grew following global trends. The export milling wheat average price grew to $276/MT FOB Black Sea. The average purchase price grew to RUB 15,600/MT CPT-port Black Sea. Feed barley average export price gre...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 26-30 April 2021 Corn, barley, and wheat prices on the domestic market grew following global trends. The export milling wheat average price grew to $270/MT FOB Black Sea. The average purchase price grew to RUB 15,300/MT CPT-port Black Sea. Feed barley average export price...

soy-oilseeds

Rapeseed Production Increases

Over the past 10-months, surplus stocks of most major vegetable oils have declined, causing prices to rise. The exceptions are surplus supplies of rapeseed oil and olive oil, though they have benefited from the price pressures in other vegetable oils. Over the past 10-years, rapeseed oil produc...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 19-23 April 2021 Grain prices on the domestic market mainly grew following global trends. Export milling wheat average price grew to $262/MT FOB Black Sea. The average purchase price grew to RUB 14,750/MT CPT-port Black Sea. Feed barley average export price grew to $240/M...

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