Feed Grains
Summary of Futures
Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close. Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close. Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close. Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...
Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension
The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...
WASDE Corn - May 2025
USDA’s outlook for 2025/26 U.S. corn is for record supplies and total use: Higher ending stocks are expected to result from 15.8 billion bushels of corn production, up 6 percent from a year ago. Projected planted area of 95.3 million acres would be the highest in over a decade. The corn y...
Summary of Futures
Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close. Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close. Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close. Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...
Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension
The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...
WASDE Corn - May 2025
USDA’s outlook for 2025/26 U.S. corn is for record supplies and total use: Higher ending stocks are expected to result from 15.8 billion bushels of corn production, up 6 percent from a year ago. Projected planted area of 95.3 million acres would be the highest in over a decade. The corn y...
AP Quant: WASDE Corn
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive compilation of relevant market factors, only those which we feel are of top priority. WPI will seek to expand the offerings in this report and w...
Soy & Oilseeds
Summary of Futures
Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close. Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close. Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close. Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...
Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension
The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...
WASDE Soybeans - May 2025
USDA’s outlook for 2025/26 U.S. soybeans is for lower ending stocks: The U.S. share of global soybean exports is forecast at 26 percent - down from 28 percent last year. Accordingly, U.S. soybean exports are forecast at 1.815 billion bushels, down 35 million from 2024/25. The 2025/26 U.S...
Summary of Futures
Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close. Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close. Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close. Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...
Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension
The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...
WASDE Soybeans - May 2025
USDA’s outlook for 2025/26 U.S. soybeans is for lower ending stocks: The U.S. share of global soybean exports is forecast at 26 percent - down from 28 percent last year. Accordingly, U.S. soybean exports are forecast at 1.815 billion bushels, down 35 million from 2024/25. The 2025/26 U.S...
AP Quant: WASDE Soybeans
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive compilation of relevant market factors, only those which we feel are of top priority. WPI will seek to expand the offerings in this report and w...
Wheat
Summary of Futures
Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close. Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close. Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close. Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...
Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension
The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...
Bearish Wheat Report, Bullish Foundation
USDA’s May WASDE report was perhaps surprisingly bearish wheat. Futures hit yet more new record lows again today. For the U.S., USDA found higher yields running into lower demand. Globally, the agency sees increasing production even in countries like Russia and China where conditions have...
Summary of Futures
Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close. Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close. Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close. Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...
Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension
The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...
Bearish Wheat Report, Bullish Foundation
USDA’s May WASDE report was perhaps surprisingly bearish wheat. Futures hit yet more new record lows again today. For the U.S., USDA found higher yields running into lower demand. Globally, the agency sees increasing production even in countries like Russia and China where conditions have...
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...
Livestock
Summary of Futures
Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close. Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close. Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close. Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...
Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension
The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...
WASDE Livestock
The May WASDE included this disclaimer: Effective May 11, 2025, the USDA announced the suspension of live cattle, horse, and bison imports from Mexico due to recent detections of New World Screwworm (NWS) in southern Mexico. Forecasts in this report reflect this suspension and, in the abs...
Summary of Futures
Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close. Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close. Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close. Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...
Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension
The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...
WASDE Livestock
The May WASDE included this disclaimer: Effective May 11, 2025, the USDA announced the suspension of live cattle, horse, and bison imports from Mexico due to recent detections of New World Screwworm (NWS) in southern Mexico. Forecasts in this report reflect this suspension and, in the abs...
Livestock Industry Margins
Meat packer margins worsened again last week as profits for both beef and pork packers declined. Beef packer margins were sharply lower and hit another record low at -$253/head thanks to record highs in fed cattle prices that outpaced gains in the beef markets. Pork packer margins turned negati...
Biofuels
Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension
The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...
CFTC COT Report Analysis
Friday’s CFTC report highlighted funds’ increasingly bearish view on ag commodities with managed money traders emerging as net sellers across the major grain and oilseeds futures. Funds’ net position across the soy complex, corn, wheat, and livestock futures fell 30 percent la...
CFTC COT Report Analysis
Friday’s CFTC report showed that funds continue to lean bearish the ag space with money managers either paring back longs or expanding shorts. The only exceptions to the bearish trend was the continued buying in the livestock complex and, in a bit of a switch from recent trends, across th...
Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension
The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...
CFTC COT Report Analysis
Friday’s CFTC report highlighted funds’ increasingly bearish view on ag commodities with managed money traders emerging as net sellers across the major grain and oilseeds futures. Funds’ net position across the soy complex, corn, wheat, and livestock futures fell 30 percent la...
CFTC COT Report Analysis
Friday’s CFTC report showed that funds continue to lean bearish the ag space with money managers either paring back longs or expanding shorts. The only exceptions to the bearish trend was the continued buying in the livestock complex and, in a bit of a switch from recent trends, across th...
CFTC COT Report Analysis
Friday’s CFTC report showed that funds are slightly increasing bullish bets across the ag space, primarily in the soy complex and livestock futures. Managed money traders’ net ag position (the combined position across the soybean complex, the three U.S. wheat contracts, corn, and th...
Farm Inputs
Summary of Futures
May 25 Corn closed at $4.515/bushel, down $0.0475 from yesterday's close. May 25 Wheat closed at $5.3675/bushel, down $0.11 from yesterday's close. May 25 Soybeans closed at $9.99/bushel, down $0.125 from yesterday's close. May 25 Soymeal closed at $293.5/short ton, down $4.5...
Summary of Futures
Mar 25 Corn closed at $4.98/bushel, up $0.005 from yesterday's close. Mar 25 Wheat closed at $5.855/bushel, down $0.065 from yesterday's close. Mar 25 Soybeans closed at $10.455/bushel, up $0.1375 from yesterday's close. Mar 25 Soymeal closed at $296/short ton, up $1.3 from ye...
CFTC COT Report Analysis
The CFTC report was in line with expectations again as it showed funds still engaged in the expected buying in corn and across the soy complex. Funds expanded their long position in corn by 7 percent and are now just about 17,000 contract shy of their seasonal record long position. Funds were n...
Summary of Futures
May 25 Corn closed at $4.515/bushel, down $0.0475 from yesterday's close. May 25 Wheat closed at $5.3675/bushel, down $0.11 from yesterday's close. May 25 Soybeans closed at $9.99/bushel, down $0.125 from yesterday's close. May 25 Soymeal closed at $293.5/short ton, down $4.5...
Summary of Futures
Mar 25 Corn closed at $4.98/bushel, up $0.005 from yesterday's close. Mar 25 Wheat closed at $5.855/bushel, down $0.065 from yesterday's close. Mar 25 Soybeans closed at $10.455/bushel, up $0.1375 from yesterday's close. Mar 25 Soymeal closed at $296/short ton, up $1.3 from ye...
CFTC COT Report Analysis
The CFTC report was in line with expectations again as it showed funds still engaged in the expected buying in corn and across the soy complex. Funds expanded their long position in corn by 7 percent and are now just about 17,000 contract shy of their seasonal record long position. Funds were n...
CFTC COT Report Analysis
The major theme of the latest CFTC report is funds paring back risk in corn and the soy complex heading into the December WASDE report and/or the holiday season. Corn’s range-bound trade these past two weeks prompted funds to shed 13 percent of their long position in the market and have liquida...
Equities
Summary of Futures
Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close. Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close. Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close. Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...
Summary of Futures
Jul 25 Corn closed at $4.48/bushel, down $0.0175 from yesterday's close. Jul 25 Wheat closed at $5.1525/bushel, down $0.065 from yesterday's close. Jul 25 Soybeans closed at $10.7125/bushel, up $0.195 from yesterday's close. Jul 25 Soymeal closed at $298.1/short ton, up $4 fro...
Summary of Futures
Jul 25 Corn closed at $4.4975/bushel, up $0.0225 from yesterday's close. Jul 25 Wheat closed at $5.2175/bushel, down $0.075 from yesterday's close. Jul 25 Soybeans closed at $10.5175/bushel, up $0.0675 from yesterday's close. Jul 25 Soymeal closed at $294.1/short ton, down $0...
Summary of Futures
Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close. Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close. Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close. Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...
Summary of Futures
Jul 25 Corn closed at $4.48/bushel, down $0.0175 from yesterday's close. Jul 25 Wheat closed at $5.1525/bushel, down $0.065 from yesterday's close. Jul 25 Soybeans closed at $10.7125/bushel, up $0.195 from yesterday's close. Jul 25 Soymeal closed at $298.1/short ton, up $4 fro...
Summary of Futures
Jul 25 Corn closed at $4.4975/bushel, up $0.0225 from yesterday's close. Jul 25 Wheat closed at $5.2175/bushel, down $0.075 from yesterday's close. Jul 25 Soybeans closed at $10.5175/bushel, up $0.0675 from yesterday's close. Jul 25 Soymeal closed at $294.1/short ton, down $0...
Summary of Futures
Jul 25 Corn closed at $4.475/bushel, down $0.0175 from yesterday's close. Jul 25 Wheat closed at $5.2925/bushel, down $0.05 from yesterday's close. Jul 25 Soybeans closed at $10.45/bushel, up $0.0575 from yesterday's close. Jul 25 Soymeal closed at $294.7/short ton, down $0.3...
Energy
Summary of Futures
Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close. Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close. Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close. Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...
Summary of Futures
Jul 25 Corn closed at $4.48/bushel, down $0.0175 from yesterday's close. Jul 25 Wheat closed at $5.1525/bushel, down $0.065 from yesterday's close. Jul 25 Soybeans closed at $10.7125/bushel, up $0.195 from yesterday's close. Jul 25 Soymeal closed at $298.1/short ton, up $4 fro...
CFTC COT Report Analysis
Friday’s CFTC report highlighted funds’ increasingly bearish view on ag commodities with managed money traders emerging as net sellers across the major grain and oilseeds futures. Funds’ net position across the soy complex, corn, wheat, and livestock futures fell 30 percent la...
Summary of Futures
Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close. Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close. Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close. Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...
Summary of Futures
Jul 25 Corn closed at $4.48/bushel, down $0.0175 from yesterday's close. Jul 25 Wheat closed at $5.1525/bushel, down $0.065 from yesterday's close. Jul 25 Soybeans closed at $10.7125/bushel, up $0.195 from yesterday's close. Jul 25 Soymeal closed at $298.1/short ton, up $4 fro...
CFTC COT Report Analysis
Friday’s CFTC report highlighted funds’ increasingly bearish view on ag commodities with managed money traders emerging as net sellers across the major grain and oilseeds futures. Funds’ net position across the soy complex, corn, wheat, and livestock futures fell 30 percent la...
Summary of Futures
Jul 25 Corn closed at $4.4975/bushel, up $0.0225 from yesterday's close. Jul 25 Wheat closed at $5.2175/bushel, down $0.075 from yesterday's close. Jul 25 Soybeans closed at $10.5175/bushel, up $0.0675 from yesterday's close. Jul 25 Soymeal closed at $294.1/short ton, down $0...
Softs
CFTC COT Report Analysis
Friday’s CFTC report highlighted funds’ increasingly bearish view on ag commodities with managed money traders emerging as net sellers across the major grain and oilseeds futures. Funds’ net position across the soy complex, corn, wheat, and livestock futures fell 30 percent la...
CFTC COT Report Analysis
Friday’s CFTC report showed that funds continue to lean bearish the ag space with money managers either paring back longs or expanding shorts. The only exceptions to the bearish trend was the continued buying in the livestock complex and, in a bit of a switch from recent trends, across th...
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...
CFTC COT Report Analysis
Friday’s CFTC report highlighted funds’ increasingly bearish view on ag commodities with managed money traders emerging as net sellers across the major grain and oilseeds futures. Funds’ net position across the soy complex, corn, wheat, and livestock futures fell 30 percent la...
CFTC COT Report Analysis
Friday’s CFTC report showed that funds continue to lean bearish the ag space with money managers either paring back longs or expanding shorts. The only exceptions to the bearish trend was the continued buying in the livestock complex and, in a bit of a switch from recent trends, across th...
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...
CFTC COT Report Analysis
Friday’s CFTC report showed that funds are slightly increasing bullish bets across the ag space, primarily in the soy complex and livestock futures. Managed money traders’ net ag position (the combined position across the soybean complex, the three U.S. wheat contracts, corn, and th...
Macroeconomics
Phase II Deal; EU Strategy; Mimicking EU
Phase II Deal U.S. Treasury Secretary Scott Bessent suggested that a phase-one deal may be a model for trade talks with China. It may be the only model that would help U.S. farmers. Brazil still has a price edge on soybeans, and even a 10 percent tariff is enough to price out U.S. commodities...
U.S. and China Agree to Cut Tariffs for 90 Days and Continue Negotiating
After weeks of Chinese denials that they were engaged in talks with the U.S on tariffs, the governments of the United States and the People’s Republic of China issued a joint statement this morning saying that they would rescind reciprocal tariffs for the coming 90 days. It included: ...
Trade Deal with UK
Yesterday, President Trump announced from the Oval Office a trade deal “in principle” with the UK, the first of its kind following the reciprocal tariffs imposed by the U.S. While details are still lacking, according to the Administration, the agreement includes increased market acc...
Phase II Deal; EU Strategy; Mimicking EU
Phase II Deal U.S. Treasury Secretary Scott Bessent suggested that a phase-one deal may be a model for trade talks with China. It may be the only model that would help U.S. farmers. Brazil still has a price edge on soybeans, and even a 10 percent tariff is enough to price out U.S. commodities...
U.S. and China Agree to Cut Tariffs for 90 Days and Continue Negotiating
After weeks of Chinese denials that they were engaged in talks with the U.S on tariffs, the governments of the United States and the People’s Republic of China issued a joint statement this morning saying that they would rescind reciprocal tariffs for the coming 90 days. It included: ...
Trade Deal with UK
Yesterday, President Trump announced from the Oval Office a trade deal “in principle” with the UK, the first of its kind following the reciprocal tariffs imposed by the U.S. While details are still lacking, according to the Administration, the agreement includes increased market acc...
It’s Complicated
This is a list of vignettes about the most consequential politician of our times. Donald Trump is not complicated if one just reads the rants of his opponents, of which there is a lengthy list. But as the journalist Matthew Continetti says, “Trump criticism is an oversaturated market.&rdq...
Pulses
Year of the Pulse
The International Grains Council (IGC) announced that it will include pulses in its definition of grains and expand market information on these products. Trade in pulses has been increasing as they grow in stature as a staple food and plant-based protein. The pod-based seeds of the legume famil...
An IPO-Level Look at the Veggie Burger Sector
Beyond Meat, the maker of a vegetable protein meat alternative product, is preparing for an IPO. It will be offering 8.75 million shares at $19-21, which would raise $175 million at the mid-point price. The company’s cornerstone product is the Beyond Burger, which is now available at a nu...
Indian Subcontinent Regional Analysis
Higher Early Sugar Production and Slow Exports Could Pressure Prices Due to the early start of the 2018/19 sugarcane crushing season, Indian sugar mills were able to produce 21.93 MMT of sugar as of 15 February 2019 versus 20.36 MMT at the same point a year ago, an increase of 7.71 percent. Ano...
Year of the Pulse
The International Grains Council (IGC) announced that it will include pulses in its definition of grains and expand market information on these products. Trade in pulses has been increasing as they grow in stature as a staple food and plant-based protein. The pod-based seeds of the legume famil...
An IPO-Level Look at the Veggie Burger Sector
Beyond Meat, the maker of a vegetable protein meat alternative product, is preparing for an IPO. It will be offering 8.75 million shares at $19-21, which would raise $175 million at the mid-point price. The company’s cornerstone product is the Beyond Burger, which is now available at a nu...
Indian Subcontinent Regional Analysis
Higher Early Sugar Production and Slow Exports Could Pressure Prices Due to the early start of the 2018/19 sugarcane crushing season, Indian sugar mills were able to produce 21.93 MMT of sugar as of 15 February 2019 versus 20.36 MMT at the same point a year ago, an increase of 7.71 percent. Ano...
Indian Subcontinent Regional Analysis
Sugar Production Estimates Lowered Based on new satellite survey data from the Indian Sugar Mills Association’s (ISMA’s) satellite survey of sugarcane plantings, the sugar production estimate has been decreased from 31.5 MMT to 30.7 MMT. That is 4.3 MMT or 12.28 percent lower than t...
Freight
FOB Prices and Freight Rates App (Updated 9 May)
Transportation and Freight Market Comments - 9 May 2025 By Matt Herrington Dry-Bulk Ocean Freight Dry bulk markets saw little action this past week with China on a 5-day Labor Day holiday. Between the Chinese holiday, uncertainty on the global economic outlook for the next 6 months, cargo deman...
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...
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...
FOB Prices and Freight Rates App (Updated 9 May)
Transportation and Freight Market Comments - 9 May 2025 By Matt Herrington Dry-Bulk Ocean Freight Dry bulk markets saw little action this past week with China on a 5-day Labor Day holiday. Between the Chinese holiday, uncertainty on the global economic outlook for the next 6 months, cargo deman...
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...
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...
Section 301 Measures Will Fail to Make America Great Again
The U.S. grain export industry – and the transportation sector broadly – are increasingly concerned about the USTR’s proposed Section 301 measures in connection to the “Investigation of China's Targeting of the Maritime, Logistics, and Shipbuilding Sectors for Dominance&...