Mercosur Regional Analysis
Soybeans Market Overview There was some movement at the beginning of last week when Chinese crushers decided to cover their open positions for March, April and May. The U.S. should not be competitive for these months, especially considering the significant delays in shipments at the U.S. Gulf d...
Against the Grain; Bipartisan Horses; China and EU Deals
Against the Grain Demographics are destiny, and with 60 percent of the world’s population and some of its fastest-growing economies, this is supposed to be the Asian Century. That is the theme of the book “The Future is Asian” by Singaporean geopolitical consultant Parag Khann...
Black Sea Regional Analysis
Russian Grain Markets: 4-7 March 2019 Grain prices on the domestic market mainly decreased under pressure from negative trends on the export market. The average milling wheat export price dropped $2/MT to $228/MT FOB Black Sea, but purchase prices grew to $201-203/MT CPT-Black Sea port. Meanwhi...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The Egyptian GASC has rejected a shipment of Romanian wheat, saying that it does not meet tender specifications. The falling number analysis shows 130 seconds, while the tender standard is 200 seconds. Falling number is important in bread baki...
Southeast Europe Regional Analysis
Milling Wheat The Black Sea market continues to erode in sympathy with the MATIF and CBOT futures. Russia has exported approximately 29.5 MMT since the start of the campaign. The weather in southern Russia and Ukraine is mild for the season. The snow is melting, and vegetation will soon resume...
Wisdom of Traders; All About the Shekels; For Politicians, Not People
Wisdom of Traders Sometimes it takes 50 yeas of experience in an industry to have the wisdom and courage to speak the truth. Derek Chambers, a semi-retired cocoa trader, had good words of advice at this week’s Cocoa Merchants Association of America conference in Miami. He advised delegate...
Market Commentary
Yesterday’s firmer market did not have the legs to carry over into the night session. Grain and soybean values turned lower in overnight trade with corn futures down a fraction, soybeans off 1-2 cents and Chicago wheat down about 4 cents. Trading volume was again quite low. The price weak...
Black Sea Regional Analysis
Russian Grain Markets: 25 February-1 March 2019 Domestic grain prices moved in different directions or remained stable, depending on the region. Export prices, however, decreased. Thus, the average milling wheat export price fell another $6/MT to $230/MT FOB Black Sea, and purchase prices dropp...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS In Yemen, a U.N. World Food Program team is said to have reached the grain silos near Hodeida. It reports that the 51,000 MT of wheat stored there are suffering from weevil infection with further condition assessment to follow and that only on...
Southeast Europe Regional Analysis
Milling Wheat The Black Sea market was under pressure last week as it followed the decline of the EU and U.S. markets. Russia is exporting about 500 KMT per week, bringing the cumulated total since the start of campaign to 29 MMT as of the end of February. The big question is whether it can exp...
Market Commentary
Grain and soy futures were mixed overnight with wheat trying to rally (again), soybeans a bit weaker and corn stuck in between. Trading volume was not impressive. Price weakness became more pervasive during the day session in light volume. At the close, only soyoil and MGEX wheat futures were h...
Black Sea Regional Analysis
Russian Grain Markets: 18-22 February 2019 Domestic grain prices fluctuated insignificantly, but the average milling wheat export price dropped $6/MT to $236/MT FOB Black Sea, and purchase prices fell to $207-209/MT CPT-Black Sea port. The average feed barley export price decreased to $221/MT F...
Mercosur Regional Analysis
Soybeans Market Overview There was some movement at the beginning of last week when Chinese crushers decided to cover their open positions for March, April and May. The U.S. should not be competitive for these months, especially considering the significant delays in shipments at the U.S. Gulf d...
Against the Grain; Bipartisan Horses; China and EU Deals
Against the Grain Demographics are destiny, and with 60 percent of the world’s population and some of its fastest-growing economies, this is supposed to be the Asian Century. That is the theme of the book “The Future is Asian” by Singaporean geopolitical consultant Parag Khann...
Black Sea Regional Analysis
Russian Grain Markets: 4-7 March 2019 Grain prices on the domestic market mainly decreased under pressure from negative trends on the export market. The average milling wheat export price dropped $2/MT to $228/MT FOB Black Sea, but purchase prices grew to $201-203/MT CPT-Black Sea port. Meanwhi...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The Egyptian GASC has rejected a shipment of Romanian wheat, saying that it does not meet tender specifications. The falling number analysis shows 130 seconds, while the tender standard is 200 seconds. Falling number is important in bread baki...
Southeast Europe Regional Analysis
Milling Wheat The Black Sea market continues to erode in sympathy with the MATIF and CBOT futures. Russia has exported approximately 29.5 MMT since the start of the campaign. The weather in southern Russia and Ukraine is mild for the season. The snow is melting, and vegetation will soon resume...
Wisdom of Traders; All About the Shekels; For Politicians, Not People
Wisdom of Traders Sometimes it takes 50 yeas of experience in an industry to have the wisdom and courage to speak the truth. Derek Chambers, a semi-retired cocoa trader, had good words of advice at this week’s Cocoa Merchants Association of America conference in Miami. He advised delegate...
Market Commentary
Yesterday’s firmer market did not have the legs to carry over into the night session. Grain and soybean values turned lower in overnight trade with corn futures down a fraction, soybeans off 1-2 cents and Chicago wheat down about 4 cents. Trading volume was again quite low. The price weak...
Black Sea Regional Analysis
Russian Grain Markets: 25 February-1 March 2019 Domestic grain prices moved in different directions or remained stable, depending on the region. Export prices, however, decreased. Thus, the average milling wheat export price fell another $6/MT to $230/MT FOB Black Sea, and purchase prices dropp...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS In Yemen, a U.N. World Food Program team is said to have reached the grain silos near Hodeida. It reports that the 51,000 MT of wheat stored there are suffering from weevil infection with further condition assessment to follow and that only on...
Southeast Europe Regional Analysis
Milling Wheat The Black Sea market was under pressure last week as it followed the decline of the EU and U.S. markets. Russia is exporting about 500 KMT per week, bringing the cumulated total since the start of campaign to 29 MMT as of the end of February. The big question is whether it can exp...
Market Commentary
Grain and soy futures were mixed overnight with wheat trying to rally (again), soybeans a bit weaker and corn stuck in between. Trading volume was not impressive. Price weakness became more pervasive during the day session in light volume. At the close, only soyoil and MGEX wheat futures were h...
Black Sea Regional Analysis
Russian Grain Markets: 18-22 February 2019 Domestic grain prices fluctuated insignificantly, but the average milling wheat export price dropped $6/MT to $236/MT FOB Black Sea, and purchase prices fell to $207-209/MT CPT-Black Sea port. The average feed barley export price decreased to $221/MT F...