Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The Egyptian government reports that it has bought 2.2 MMT of local wheat against a target purchase of 3.6 MMT. Pakistani officials indicate that the local wheat crop will total about 24.3 MMT, down from 25.6 MMT last year, and the stocks are...
Mercosur Regional Analysis
Soybeans Market Overview The U.S. trade war has been leading the soybean market for several months, but the latest developments (for the worse) have certainly enhanced the market’s focus on it. The Chinese decided to move on Brazilian soybeans last week and secured some Argentine origin a...
FOB Prices and Freight Rate App (Updated 20 May)
Update for 20 May: Prices/data updated through Friday's close. 4 May Update: Pushed a user interface change and improved app responsiveness. Data updated to reflect prices through Friday's close. Launch Information: WPI is proud to introduce our FOB Prices and Ocea...
Interactive Ocean Freight Rates (Updated 20 May)
Update for 20 May 2019: Data updated for all listed routes. Let us know if you have any questions, comments, or suggestions! Update for 26 April 2019: Weekly data updates have been pushed, along with new routes added from the U.S. Pacific Northwest (PNW). Enjoy! ...
Market Commentary
The breaking off of U.S.-Chinese talks late last week led to what appeared to be market exhaustion overnight and early Monday morning as new contract lows were set. But in a reversal, prices pulled themselves up and well above those lows by Monday’s close. That technical signal and USDA&r...
Middle East, Mediterranean and Africa Regional Analysis
Regional Update MIDDLE EAST/MEDITERRANEAN COMMENTS Officials in Iran say that wheat crops in some areas are up 30 percent. Production is expected to total about 14 MMT in 2019, which will enable the country to remain self-sufficient into 2020. As recently as 2014, it had to import up to 35 perc...
Market Commentary
Markets opened weak again Sunday evening. Corn and soybeans were down 3-4 cents and 8-9 cents, respectively. Meanwhile, wheat was 3 cents lower in KC while down 1-2 cents in Chicago and Minneapolis. The lower prices reflected the lack of any apparent progress in U.S.-China trade talks last Frid...
Mercosur Regional Analysis
Argentina’s Cash Payment Issues The volatility in forex markets and the Argentine peso’s devaluation led to government intervention in the debate between farmers and exporters. On contracts executed in USD, farmers were claiming that they were losing money between the time the forex...
Southeast Europe Regional Analysis
Milling Wheat The Black Sea market was under pressure last week due to the absence of export demand for old crop as well as the bearish outlook of last Friday’s USDA reports. The USDA estimate for the Russian crop of 77 MMT is probably conservative as most Russian analysts’ numbers...
WASDE Wheat
USDA Notes: The first 2019 NASS survey-based winter wheat production forecast indicated larger Hard Red Winter production more than offsetting smaller Soft Red Winter and White Wheat crops. Total 2019/20 domestic use is projected up 5 percent with increases in all usage categories. ...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Syria will pay about $359/MT for the wheat it purchases from farmers, up nearly $20/MT versus last year’s price. The last crop there was the smallest in 30 years, and it is expected that the country will have to import 1.5 MMT of wheat t...
Market Commentary
Markets opened with sharp losses overnight following President Trump’s weekend tweet that he will increase tariffs against China from the current 10 percent to 25 percent by Friday. This suddenly changed the China trade agreement discussion from what most had believed was a done deal to p...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The Egyptian government reports that it has bought 2.2 MMT of local wheat against a target purchase of 3.6 MMT. Pakistani officials indicate that the local wheat crop will total about 24.3 MMT, down from 25.6 MMT last year, and the stocks are...
Mercosur Regional Analysis
Soybeans Market Overview The U.S. trade war has been leading the soybean market for several months, but the latest developments (for the worse) have certainly enhanced the market’s focus on it. The Chinese decided to move on Brazilian soybeans last week and secured some Argentine origin a...
FOB Prices and Freight Rate App (Updated 20 May)
Update for 20 May: Prices/data updated through Friday's close. 4 May Update: Pushed a user interface change and improved app responsiveness. Data updated to reflect prices through Friday's close. Launch Information: WPI is proud to introduce our FOB Prices and Ocea...
Interactive Ocean Freight Rates (Updated 20 May)
Update for 20 May 2019: Data updated for all listed routes. Let us know if you have any questions, comments, or suggestions! Update for 26 April 2019: Weekly data updates have been pushed, along with new routes added from the U.S. Pacific Northwest (PNW). Enjoy! ...
Market Commentary
The breaking off of U.S.-Chinese talks late last week led to what appeared to be market exhaustion overnight and early Monday morning as new contract lows were set. But in a reversal, prices pulled themselves up and well above those lows by Monday’s close. That technical signal and USDA&r...
Middle East, Mediterranean and Africa Regional Analysis
Regional Update MIDDLE EAST/MEDITERRANEAN COMMENTS Officials in Iran say that wheat crops in some areas are up 30 percent. Production is expected to total about 14 MMT in 2019, which will enable the country to remain self-sufficient into 2020. As recently as 2014, it had to import up to 35 perc...
Market Commentary
Markets opened weak again Sunday evening. Corn and soybeans were down 3-4 cents and 8-9 cents, respectively. Meanwhile, wheat was 3 cents lower in KC while down 1-2 cents in Chicago and Minneapolis. The lower prices reflected the lack of any apparent progress in U.S.-China trade talks last Frid...
Mercosur Regional Analysis
Argentina’s Cash Payment Issues The volatility in forex markets and the Argentine peso’s devaluation led to government intervention in the debate between farmers and exporters. On contracts executed in USD, farmers were claiming that they were losing money between the time the forex...
Southeast Europe Regional Analysis
Milling Wheat The Black Sea market was under pressure last week due to the absence of export demand for old crop as well as the bearish outlook of last Friday’s USDA reports. The USDA estimate for the Russian crop of 77 MMT is probably conservative as most Russian analysts’ numbers...
WASDE Wheat
USDA Notes: The first 2019 NASS survey-based winter wheat production forecast indicated larger Hard Red Winter production more than offsetting smaller Soft Red Winter and White Wheat crops. Total 2019/20 domestic use is projected up 5 percent with increases in all usage categories. ...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Syria will pay about $359/MT for the wheat it purchases from farmers, up nearly $20/MT versus last year’s price. The last crop there was the smallest in 30 years, and it is expected that the country will have to import 1.5 MMT of wheat t...
Market Commentary
Markets opened with sharp losses overnight following President Trump’s weekend tweet that he will increase tariffs against China from the current 10 percent to 25 percent by Friday. This suddenly changed the China trade agreement discussion from what most had believed was a done deal to p...