European Market Analysis
Regional News Egypt has reportedly secured a long-term contract with Germany to buy wheat from the European nation, though details on the agreement are sparse. Russia’s total wheat planted area for 2023 is projected to reach 29.05 Mha, down from 29.468 Mha seeded in 2022. Roma...
FOB Prices and Freight Rate App (Updated 27 Jan.)
Ocean Freight Comments - 27 January 2023 By Jay O'Neil Commodity Consulting It is the Lunar/Chinese New Year holiday period and all is quiet on the ocean freight front. Markets are thin and a bit soft, “sluggish” is a term commonly heard. The Baltic indices are a little lower with m...
Interactive Ocean Freight Rates (Updated 27 Jan.)
Ocean Freight Comments - 27 January 2023 By Jay O'Neil Commodity Consulting It is the Lunar/Chinese New Year holiday period and all is quiet on the ocean freight front. Markets are thin and a bit soft, “sluggish” is a term commonly heard. The Baltic indices are a little lower with m...
European Market Analysis
Regional News Recent swings in temperatures across the EU could leave winter crops weakened and more vulnerable to damage. EU winter crops have escaped significant damage so far, thanks to a warmer-than-average winter, except for an early December cold spell. Temperatures in recent weeks...
Market Access to the Fore
The Biden Administration has thus far resisted demands by industry and agriculture to include market access in its trade policy vehicles such as the Indo-Pacific Economic Framework. The White House views cutting tariffs akin to picking a war with its key constituency, labor unions. Meanwhile, B...
WASDE Wheat
WHEAT: USDA reduced 2022/23 ending stocks slightly as larger domestic use more than offsets higher beginning stocks. The season-average farm price is unchanged at $9.10 per bushel. The 2022/23 global outlook is for increased supplies, exports, consumption, and stocks. Wo...
European Market Analysis
Regional News Germany’s winter wheat area is estimated at 2.8 Mha for 2023/24, down 1.9 percent. Winter barley was seeded across 1.3 Mha this year, a 5.1 percent increase. Ukrainian officials are citing concern for the hardiness of winter crops (most notably wheat) as an unusually w...
SUR without Mirror Clause; Mexico GM Corn and 2023 Outlook
SUR without Mirror Clause The EU decided this past weekend to exempt agriculture from its revised Emmissions Trading Scheme, for now, but is under increasing pressure to apply mirror clauses. France is now demanding mirror production requirements for products imported from Chile under a new fre...
WASDE Wheat
U.S. domestic wheat data is unchanged from last month. The global wheat supplies are lowered 2.1 million tons to 1,056.9 million on reduced production for Argentina and Canada that is only partly offset by higher Australia production. ...
2023 Farm Bill Dynamics; Deforestation versus CO2
2023 Farm Bill Dynamics A Farm Foundation session today perusing the dynamics of writing the 2023 Farm Bill had several key takeaways: Political Dynamic: The number of diverse interest groups seeking involvement in the development of this legislation over the years has continued to expand. At t...
Transatlantic Crisis
The daily messaging from Europe is that it is in crisis, and not only does Washington not care, but it is also making things worse. Truthfully, the complaints are met with a smirk by those in U.S. agriculture. Brussels accuses Washington of distorting markets with its Inflation Reduction Act (I...
AMLO Spits on U.S. Corn; Sovereign Right to EV’s; Green Fertilizer Dreams
AMLO Spits on U.S. Corn If there were any doubts in the U.S. government about Mexico’s intent about GMO corn, President Andrés Manuel López Obrador cleared up their unwarranted confusion. He said Mexico could not buy GMO corn because there is no evidence it is safe. In a Tru...
European Market Analysis
Regional News Egypt has reportedly secured a long-term contract with Germany to buy wheat from the European nation, though details on the agreement are sparse. Russia’s total wheat planted area for 2023 is projected to reach 29.05 Mha, down from 29.468 Mha seeded in 2022. Roma...
FOB Prices and Freight Rate App (Updated 27 Jan.)
Ocean Freight Comments - 27 January 2023 By Jay O'Neil Commodity Consulting It is the Lunar/Chinese New Year holiday period and all is quiet on the ocean freight front. Markets are thin and a bit soft, “sluggish” is a term commonly heard. The Baltic indices are a little lower with m...
Interactive Ocean Freight Rates (Updated 27 Jan.)
Ocean Freight Comments - 27 January 2023 By Jay O'Neil Commodity Consulting It is the Lunar/Chinese New Year holiday period and all is quiet on the ocean freight front. Markets are thin and a bit soft, “sluggish” is a term commonly heard. The Baltic indices are a little lower with m...
European Market Analysis
Regional News Recent swings in temperatures across the EU could leave winter crops weakened and more vulnerable to damage. EU winter crops have escaped significant damage so far, thanks to a warmer-than-average winter, except for an early December cold spell. Temperatures in recent weeks...
Market Access to the Fore
The Biden Administration has thus far resisted demands by industry and agriculture to include market access in its trade policy vehicles such as the Indo-Pacific Economic Framework. The White House views cutting tariffs akin to picking a war with its key constituency, labor unions. Meanwhile, B...
WASDE Wheat
WHEAT: USDA reduced 2022/23 ending stocks slightly as larger domestic use more than offsets higher beginning stocks. The season-average farm price is unchanged at $9.10 per bushel. The 2022/23 global outlook is for increased supplies, exports, consumption, and stocks. Wo...
European Market Analysis
Regional News Germany’s winter wheat area is estimated at 2.8 Mha for 2023/24, down 1.9 percent. Winter barley was seeded across 1.3 Mha this year, a 5.1 percent increase. Ukrainian officials are citing concern for the hardiness of winter crops (most notably wheat) as an unusually w...
SUR without Mirror Clause; Mexico GM Corn and 2023 Outlook
SUR without Mirror Clause The EU decided this past weekend to exempt agriculture from its revised Emmissions Trading Scheme, for now, but is under increasing pressure to apply mirror clauses. France is now demanding mirror production requirements for products imported from Chile under a new fre...
WASDE Wheat
U.S. domestic wheat data is unchanged from last month. The global wheat supplies are lowered 2.1 million tons to 1,056.9 million on reduced production for Argentina and Canada that is only partly offset by higher Australia production. ...
2023 Farm Bill Dynamics; Deforestation versus CO2
2023 Farm Bill Dynamics A Farm Foundation session today perusing the dynamics of writing the 2023 Farm Bill had several key takeaways: Political Dynamic: The number of diverse interest groups seeking involvement in the development of this legislation over the years has continued to expand. At t...
Transatlantic Crisis
The daily messaging from Europe is that it is in crisis, and not only does Washington not care, but it is also making things worse. Truthfully, the complaints are met with a smirk by those in U.S. agriculture. Brussels accuses Washington of distorting markets with its Inflation Reduction Act (I...
AMLO Spits on U.S. Corn; Sovereign Right to EV’s; Green Fertilizer Dreams
AMLO Spits on U.S. Corn If there were any doubts in the U.S. government about Mexico’s intent about GMO corn, President Andrés Manuel López Obrador cleared up their unwarranted confusion. He said Mexico could not buy GMO corn because there is no evidence it is safe. In a Tru...