FOB Prices and Freight Rate App (Updated 2 April)
Update for 2 April 2020: New Data Added!! French rapeseed French sunflower seed French and Bulgarian feed barley Bulgarian feed wheat All other routes/offers updated through the day's close. Freight Comments for 2 April 2020: Jay O’Neil, O’Neil Commodity Consult...
Threats to the Food System; Aid to Africa; Jumping the Shark
Threats to Food System A risk assessment of the impact of COVID19 on the U.S. food system includes the following: Only a small handful of countries have announced export bans on things like wheat and flour, items not needed in the U.S. Foods that are imported by Americans include high value p...
Interactive Ocean Freight Rates (Updated 31 March)
Data Updated Through: 31 March 2020 Ocean Freight Insights and Comments - 2 April 2020 By Jay O'Neil Commodity Consulting Dry-Bulk markets may have hit bottom, at least for the time being. On Monday, Capesize rates dropped to their worst levels since 2016. Tuesday showed impr...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA: Morocco has removed the import duty on soft wheat and durum wheat until 15 June. The Morocco Ag Ministry reports that soft wheat stocks will cover three months normal consumption but a sudden jump in demand related to COVID-19 will reduce...
Ag Review - March 2020
WPI's monthly publication features a review of the past month's market and policy developments. This month we look at the impact of the coronavirus, the remaking of our food systems, technology in agriculture, insights from China and South America and more. We also remember WPI founder Carole B...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates It might be a good idea for all people in the grain business, with an eye to COVID-19, to read section 21 of GAFTA contract #27: “Prevention of Shipment”. This section, which is included in most GAFTA contracts, helps to clarify buyer/seller situation in the case of...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Egypt has seen very unseasonal rains recently and there is concern that the local wheat crop may be damaged due to flooding in many areas. The complaints and worries about rain are not country wide as some agricultural products, like alfal...
Southeast Europe Regional Analysis
Regional Updates Imploding financial markets, sharply weaker crude oil, and ever-growing concerns about the economic impacts of coronavirus continue to be the primary drivers of market action this week. Demand and consumption concerns are growing for most commodities, keeping prices on the defe...
Drought in Morocco
Drought in Morocco has become more frequent and the Casablanca-Settat region is experiencing a 78 percent rainfall deficit this year. Meteorologists says that drought in Morocco occurred once every ten years in the 20th century but over the past two decades it has been at five times that freque...
WASDE Wheat
USDA leaves U.S. wheat supply and demand 2019/20 in the March WASDE. The global outlook for wheat is for higher production, increased consumption and exports, and lower ending stocks. Higher production forecasts in India and Argentina more than offsetting reductions in Turkey...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS Egypt’s Cairo Poultry has reported a 20.7 percent drop in profits for 2019. Total sales of Cairo Poultry also dropped by about 3.8 percent. The Grand Renaissance Dam on the Nile in Ethiopia is a major source of disagre...
Potential SRE Challenge Amid Oil Market Bust
Energy markets are being buffeted by a number of global events and collapsing oil prices are putting ethanol under pressure. The nearby ethanol futures contract dropped this morning below $1.20/gal, which is the record low close set in November 2018. The contract closed at $1.2229/gal. Of cours...
FOB Prices and Freight Rate App (Updated 2 April)
Update for 2 April 2020: New Data Added!! French rapeseed French sunflower seed French and Bulgarian feed barley Bulgarian feed wheat All other routes/offers updated through the day's close. Freight Comments for 2 April 2020: Jay O’Neil, O’Neil Commodity Consult...
Threats to the Food System; Aid to Africa; Jumping the Shark
Threats to Food System A risk assessment of the impact of COVID19 on the U.S. food system includes the following: Only a small handful of countries have announced export bans on things like wheat and flour, items not needed in the U.S. Foods that are imported by Americans include high value p...
Interactive Ocean Freight Rates (Updated 31 March)
Data Updated Through: 31 March 2020 Ocean Freight Insights and Comments - 2 April 2020 By Jay O'Neil Commodity Consulting Dry-Bulk markets may have hit bottom, at least for the time being. On Monday, Capesize rates dropped to their worst levels since 2016. Tuesday showed impr...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA: Morocco has removed the import duty on soft wheat and durum wheat until 15 June. The Morocco Ag Ministry reports that soft wheat stocks will cover three months normal consumption but a sudden jump in demand related to COVID-19 will reduce...
Ag Review - March 2020
WPI's monthly publication features a review of the past month's market and policy developments. This month we look at the impact of the coronavirus, the remaking of our food systems, technology in agriculture, insights from China and South America and more. We also remember WPI founder Carole B...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates It might be a good idea for all people in the grain business, with an eye to COVID-19, to read section 21 of GAFTA contract #27: “Prevention of Shipment”. This section, which is included in most GAFTA contracts, helps to clarify buyer/seller situation in the case of...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Egypt has seen very unseasonal rains recently and there is concern that the local wheat crop may be damaged due to flooding in many areas. The complaints and worries about rain are not country wide as some agricultural products, like alfal...
Southeast Europe Regional Analysis
Regional Updates Imploding financial markets, sharply weaker crude oil, and ever-growing concerns about the economic impacts of coronavirus continue to be the primary drivers of market action this week. Demand and consumption concerns are growing for most commodities, keeping prices on the defe...
Drought in Morocco
Drought in Morocco has become more frequent and the Casablanca-Settat region is experiencing a 78 percent rainfall deficit this year. Meteorologists says that drought in Morocco occurred once every ten years in the 20th century but over the past two decades it has been at five times that freque...
WASDE Wheat
USDA leaves U.S. wheat supply and demand 2019/20 in the March WASDE. The global outlook for wheat is for higher production, increased consumption and exports, and lower ending stocks. Higher production forecasts in India and Argentina more than offsetting reductions in Turkey...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS Egypt’s Cairo Poultry has reported a 20.7 percent drop in profits for 2019. Total sales of Cairo Poultry also dropped by about 3.8 percent. The Grand Renaissance Dam on the Nile in Ethiopia is a major source of disagre...
Potential SRE Challenge Amid Oil Market Bust
Energy markets are being buffeted by a number of global events and collapsing oil prices are putting ethanol under pressure. The nearby ethanol futures contract dropped this morning below $1.20/gal, which is the record low close set in November 2018. The contract closed at $1.2229/gal. Of cours...