FOB Prices and Freight Rate App (Updated 18 February)
Update for 18 February 2020: New Data Added!! WPI has expanded the data offerings in this app to include DDGS, Sorghum, Soymeal, Corn Gluten Meal, Corn Gluent Feed Pellets, and additional FOB price indications for corn and soybeans. All other routes/offers updated through the day's close. ...
Interactive Ocean Freight Rates (Updated 18 February)
Data Updated Through: 18 February 2020 New Features: Added 6 month, 1 year, 2 year, YTD, and "All" data selectors for easier navigation within charts. Also added data going back 6 months for the baltic dry-bulk panamax indexes: P2A: Gulf/Atlantic-Japan P2A: PNW/Pacific-Japan...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS Egypt has announced that the population of the country has just reached 100 million people. Egypt will set up its first commodity exchange by January 2021 – wheat, corn, rice and sugar are the initial commodities that will b...
African Century
A phrase filled with dark humor about Brazil in the 1990’s was, Brazil é o pais do futuro e sempre será - Brazil is the country of the future and always will be. However, it eventually broke out from its underperforming stage. The Brazilian economy is now six times larger an...
WASDE Wheat
USDA reports that the only change for 2019/20 U.S. wheat is a 25 million bushel increase in exports reflecting growing competitiveness in international markets. Ending stocks are cut by a corresponding amount and are now forecast to total 940 million bushels, a five-year low. ...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates The coronavirus has hit the grain business with the Global Grain Asia conference in Singapore being postponed for at least three months. The conference is expected to be held in late June rather than early March 2020. MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS Egypt has ex...
U.S. – Kenya Have Little Ag Trade
The U.S. and Kenya announced yesterday the initiation of bilateral free trade talks under the rules of the Trade Promotion Authority law. The U.S. wants it to be the first of several with African countries. Per the Legatum Institute, the African continent is the most prosperous it has ever been...
Phase One Breakdown; EU/UK Breakdown; Plant Protection Addiction; U.S. – Africa Approach
Phase One Breakdown Ukraine just sold 15 cargoes of soybeans to China and officials in Kiev say they do not expect the coronavirus to impact their grain exports to the Middle Kingdom. Yet, China has forewarned that the coronavirus may cause it to reduce ag purchases from the U.S. Further dampen...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS Pakistan has declared a national emergency due to the spread of desert locusts in the eastern part of the country. They say that it is the worst infestation in 20 years – one that could decimate local grain crops. The locust...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS Iran remains the largest regional buyer of Indian soymeal (soybean extract). A total of 130,000 MT was shipped to MENA in the April/December 2019 crop period with just over 87,000 MT going to Iran. However, Iran’s imports ar...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS The government of Pakistan has announced that 400,000 MT of wheat will be imported, duty free, to cover the existing wheat shortage and to get wheat flour prices back to a more normal level. The importation will be allowed up unti...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egypt says that it will establish a commodities exchange for the trading of items that will include wheat, sugar, corn and rice – both locally produced and imported. They say that it will be in place in the next 36 to 48 weeks. Several q...
FOB Prices and Freight Rate App (Updated 18 February)
Update for 18 February 2020: New Data Added!! WPI has expanded the data offerings in this app to include DDGS, Sorghum, Soymeal, Corn Gluten Meal, Corn Gluent Feed Pellets, and additional FOB price indications for corn and soybeans. All other routes/offers updated through the day's close. ...
Interactive Ocean Freight Rates (Updated 18 February)
Data Updated Through: 18 February 2020 New Features: Added 6 month, 1 year, 2 year, YTD, and "All" data selectors for easier navigation within charts. Also added data going back 6 months for the baltic dry-bulk panamax indexes: P2A: Gulf/Atlantic-Japan P2A: PNW/Pacific-Japan...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS Egypt has announced that the population of the country has just reached 100 million people. Egypt will set up its first commodity exchange by January 2021 – wheat, corn, rice and sugar are the initial commodities that will b...
African Century
A phrase filled with dark humor about Brazil in the 1990’s was, Brazil é o pais do futuro e sempre será - Brazil is the country of the future and always will be. However, it eventually broke out from its underperforming stage. The Brazilian economy is now six times larger an...
WASDE Wheat
USDA reports that the only change for 2019/20 U.S. wheat is a 25 million bushel increase in exports reflecting growing competitiveness in international markets. Ending stocks are cut by a corresponding amount and are now forecast to total 940 million bushels, a five-year low. ...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates The coronavirus has hit the grain business with the Global Grain Asia conference in Singapore being postponed for at least three months. The conference is expected to be held in late June rather than early March 2020. MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS Egypt has ex...
U.S. – Kenya Have Little Ag Trade
The U.S. and Kenya announced yesterday the initiation of bilateral free trade talks under the rules of the Trade Promotion Authority law. The U.S. wants it to be the first of several with African countries. Per the Legatum Institute, the African continent is the most prosperous it has ever been...
Phase One Breakdown; EU/UK Breakdown; Plant Protection Addiction; U.S. – Africa Approach
Phase One Breakdown Ukraine just sold 15 cargoes of soybeans to China and officials in Kiev say they do not expect the coronavirus to impact their grain exports to the Middle Kingdom. Yet, China has forewarned that the coronavirus may cause it to reduce ag purchases from the U.S. Further dampen...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS Pakistan has declared a national emergency due to the spread of desert locusts in the eastern part of the country. They say that it is the worst infestation in 20 years – one that could decimate local grain crops. The locust...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS Iran remains the largest regional buyer of Indian soymeal (soybean extract). A total of 130,000 MT was shipped to MENA in the April/December 2019 crop period with just over 87,000 MT going to Iran. However, Iran’s imports ar...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS The government of Pakistan has announced that 400,000 MT of wheat will be imported, duty free, to cover the existing wheat shortage and to get wheat flour prices back to a more normal level. The importation will be allowed up unti...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egypt says that it will establish a commodities exchange for the trading of items that will include wheat, sugar, corn and rice – both locally produced and imported. They say that it will be in place in the next 36 to 48 weeks. Several q...