WPI Transportation Report
Dry Bulk Markets The Capesize market is up more than 80 percent from last week’s report due to greatly improved iron ore demand in the Atlantic. There has been a notable increase in inquiries for vessels from Brazil and West Africa for the August/LH September time frame. Additionally, Aus...
FOB Prices and Freight Rates App (Updated 16 July)
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s annual inflation level is at 14.4 percent in the latest month, down from 16.5 percent the previous month. Egypt’s target for 65 percent self-sufficiency in wheat in 2025 has been revised by the government...
WASDE Wheat - July 2025
USDA’s July 2025 outlook for U.S. wheat is for a 1 bushel per acre increase in average yield to 52.6 bushels per acre. The projection is for U.S. wheat production to increase 8 million bushels to 1,929 million bushels. However, the estimate for U.S. wheat exports is raised by 25 million b...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Syria reports that the wheat collected in the North/East region since 5 June is at 282,000 MT. The government adds that the wheat received this year is of lower quality due to low rainfall and high temperatures. Yemeni Houthi rebe...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is closing several collection centers for this year’s wheat crop due to a drop in available wheat for purchase. At the end of last week, the total government purchases were at a little over 3.9 MMT against the governme...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Jordan’s wheat reserves are reportedly at 10 month consumption with barley supply at 8 months consumption. Jordan is increasing its grain storage capacity to a level that will allow as much as 16 months of wheat supply. Egyp...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Turkish officials announced that the cost of vessels passing through the Bosphorus/Dardanelles will increase by 15 percent on 1 July. The new tariff is set at $5.83 per MT and will affect all grain/oilseed items from the Black Sea...
WASDE Wheat – June 2025
USDA’s outlook for 2025/26 U.S. wheat is for yields to average 51.6 bushels per acre, which is up 0.4 bushels from last year. Hard Red Winter and White account for most of the increase. Total 2025/26 domestic use is a record 977 million bushels, mostly on food use. Exports are projected l...
WPI Transportation Report
Dry Bulk Ocean Freight Dry bulk freight markets saw strength emerge this week with the Capesize sector rallying in early trade, but giving up some of those gains at the week’s end. Panamax and Supramax markets pushed higher initially as well, but now look like they will head sideway...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Grain markets in the MENA region are quiet due to the Musim Eid holidays that extends through 9 June. The FAO forecast Egypt to have above average grain crops in 2025, much of which is due to improved availability of high yi...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan has said that it could buy additional U.S. soybeans in order to eliminate the small trade surplus that the country has with the U.S. in order to avoid any tariffs now being set by the U.S. government. Pakistan’s Nat...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Syria’s wheat crop is expected to be down by 75 percent this year due to severe drought conditions. Syria will need to find a source for about 2.7 MMT of wheat in order to supply the population. Syria is hoping that the lift...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is expected to have a record maize crop in 2025 due to increases in planting maize versus wheat or rice. Total maize planting area is up by close to 7 percent which could see the maize crop reach a record of 5.1 MMT &nd...
WASDE Wheat - May 2025
USDA’s outlook for 2025/26 U.S. wheat is for supplies to be up 2 percent from 2024/25 as higher beginning stocks more than offset lower production. The average wheat yield is projected at 51.6 bushels per acre, up 0.4 bushels from last year. Exports are projected lower at 800 million bush...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Iran’s 2025 wheat production is being hurt by very dry weather. Rainfall up to February 2025 was much below average but did improve in March. However, Iran does have reasonable wheat stocks due to the good 2024 crop and whea...
Cocoa Market Outlook: Prices Set to Cool as Production Increases
The outlook for the last half of the 2024/25 cocoa market is dominated by generally favorable weather and upward revisions to production estimates. Demand remains a major focal point as well with the U.S. tariffs and recession risk likely to upend consumption in the world’s second biggest...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Oman will be hosting the USSEC 9th Regional Aquaculture Production Conference 2-5 May. Sustainable aquaculture production will be a major topic at the conference. Morocco’s Agriculture Ministry says that favorable rains in M...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Iraq has confirmed that it will not need to import as much wheat in 2024/25 as it expects to see purchases of local wheat at 4.5 MMT while current stocks of wheat are at 2.8 MMT. Overall wheat production could reach 6.0 MMT. Press...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Jordan increased its domestic price for wheat flour by 2.8 percent. This is the selling price set monthly by the government for sales by local flour mills. According to officials, this will not affect the local price of bread whic...
WASDE Wheat
Wheat - USDA’s April 2025 estimates are for increased U.S. wheat imports by 10 million bushels to 150 million - the largest since 2017/18. Domestic consumption is forecast 2 million bushels lower on reduced seed use. U.S. wheat exports are lowered 15 million bushels to 820 million. As a r...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Syria’s grain production was down by 17 percent in 2024 and due to dry weather and security production does not look any better for 2025, all according to the latest FAO report on Syria. In 2024, wheat production was at 1.9...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region There is very little information on the Middle East and North Africa due to the end of Ramadan and the start of the EID holidays. Tomorrow, 2 April, is “import tariff day”. Import tariffs by the U.S. and reciprocal tar...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Morocco’s rainfall has increased this year after the last two/three years of drought. Water supplies are increasing behind dams and in reservoirs, but experts say it could take a few years of normal rain to get all water lev...
WPI Transportation Report
Dry Bulk Markets The Capesize market is up more than 80 percent from last week’s report due to greatly improved iron ore demand in the Atlantic. There has been a notable increase in inquiries for vessels from Brazil and West Africa for the August/LH September time frame. Additionally, Aus...
FOB Prices and Freight Rates App (Updated 16 July)
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s annual inflation level is at 14.4 percent in the latest month, down from 16.5 percent the previous month. Egypt’s target for 65 percent self-sufficiency in wheat in 2025 has been revised by the government...
WASDE Wheat - July 2025
USDA’s July 2025 outlook for U.S. wheat is for a 1 bushel per acre increase in average yield to 52.6 bushels per acre. The projection is for U.S. wheat production to increase 8 million bushels to 1,929 million bushels. However, the estimate for U.S. wheat exports is raised by 25 million b...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Syria reports that the wheat collected in the North/East region since 5 June is at 282,000 MT. The government adds that the wheat received this year is of lower quality due to low rainfall and high temperatures. Yemeni Houthi rebe...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is closing several collection centers for this year’s wheat crop due to a drop in available wheat for purchase. At the end of last week, the total government purchases were at a little over 3.9 MMT against the governme...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Jordan’s wheat reserves are reportedly at 10 month consumption with barley supply at 8 months consumption. Jordan is increasing its grain storage capacity to a level that will allow as much as 16 months of wheat supply. Egyp...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Turkish officials announced that the cost of vessels passing through the Bosphorus/Dardanelles will increase by 15 percent on 1 July. The new tariff is set at $5.83 per MT and will affect all grain/oilseed items from the Black Sea...
WASDE Wheat – June 2025
USDA’s outlook for 2025/26 U.S. wheat is for yields to average 51.6 bushels per acre, which is up 0.4 bushels from last year. Hard Red Winter and White account for most of the increase. Total 2025/26 domestic use is a record 977 million bushels, mostly on food use. Exports are projected l...
WPI Transportation Report
Dry Bulk Ocean Freight Dry bulk freight markets saw strength emerge this week with the Capesize sector rallying in early trade, but giving up some of those gains at the week’s end. Panamax and Supramax markets pushed higher initially as well, but now look like they will head sideway...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Grain markets in the MENA region are quiet due to the Musim Eid holidays that extends through 9 June. The FAO forecast Egypt to have above average grain crops in 2025, much of which is due to improved availability of high yi...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan has said that it could buy additional U.S. soybeans in order to eliminate the small trade surplus that the country has with the U.S. in order to avoid any tariffs now being set by the U.S. government. Pakistan’s Nat...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Syria’s wheat crop is expected to be down by 75 percent this year due to severe drought conditions. Syria will need to find a source for about 2.7 MMT of wheat in order to supply the population. Syria is hoping that the lift...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is expected to have a record maize crop in 2025 due to increases in planting maize versus wheat or rice. Total maize planting area is up by close to 7 percent which could see the maize crop reach a record of 5.1 MMT &nd...
WASDE Wheat - May 2025
USDA’s outlook for 2025/26 U.S. wheat is for supplies to be up 2 percent from 2024/25 as higher beginning stocks more than offset lower production. The average wheat yield is projected at 51.6 bushels per acre, up 0.4 bushels from last year. Exports are projected lower at 800 million bush...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Iran’s 2025 wheat production is being hurt by very dry weather. Rainfall up to February 2025 was much below average but did improve in March. However, Iran does have reasonable wheat stocks due to the good 2024 crop and whea...
Cocoa Market Outlook: Prices Set to Cool as Production Increases
The outlook for the last half of the 2024/25 cocoa market is dominated by generally favorable weather and upward revisions to production estimates. Demand remains a major focal point as well with the U.S. tariffs and recession risk likely to upend consumption in the world’s second biggest...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Oman will be hosting the USSEC 9th Regional Aquaculture Production Conference 2-5 May. Sustainable aquaculture production will be a major topic at the conference. Morocco’s Agriculture Ministry says that favorable rains in M...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Iraq has confirmed that it will not need to import as much wheat in 2024/25 as it expects to see purchases of local wheat at 4.5 MMT while current stocks of wheat are at 2.8 MMT. Overall wheat production could reach 6.0 MMT. Press...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Jordan increased its domestic price for wheat flour by 2.8 percent. This is the selling price set monthly by the government for sales by local flour mills. According to officials, this will not affect the local price of bread whic...
WASDE Wheat
Wheat - USDA’s April 2025 estimates are for increased U.S. wheat imports by 10 million bushels to 150 million - the largest since 2017/18. Domestic consumption is forecast 2 million bushels lower on reduced seed use. U.S. wheat exports are lowered 15 million bushels to 820 million. As a r...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Syria’s grain production was down by 17 percent in 2024 and due to dry weather and security production does not look any better for 2025, all according to the latest FAO report on Syria. In 2024, wheat production was at 1.9...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region There is very little information on the Middle East and North Africa due to the end of Ramadan and the start of the EID holidays. Tomorrow, 2 April, is “import tariff day”. Import tariffs by the U.S. and reciprocal tar...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Morocco’s rainfall has increased this year after the last two/three years of drought. Water supplies are increasing behind dams and in reservoirs, but experts say it could take a few years of normal rain to get all water lev...