Feed Grains
Market Commentary: Dead Cat Bounce in Wheat; Soy Extends its Rally; EIA RVOs Still Pending
The CBOT was mostly higher at mid-week with soymeal and soybeans leading the way in a demand-fueled rally. Wheat traded sideways for the morning but eventually found some buying interest and rallied heading into the close to settle 12-14 cents higher. The wheat rally lacked any fundamental just...
Summary of Futures
Mar 23 Corn closed at $6.67/bushel, down $0.025 from yesterday's close. Mar 23 Wheat closed at $7.955/bushel, up $0.14 from yesterday's close. Jan 23 Soybeans closed at $14.695/bushel, up $0.1 from yesterday's close. Jan 23 Soymeal closed at $417.8/short ton, up $10.2 from yes...
Black Sea Regional Analysis
Russian Grain Markets: 21-25 November 2022 The feature of the week remains the same – extension of the UN humanitarian Black Sea corridor under UN auspices with Turkey being the guarantor of the transaction. While Ukrainians are complaining about terrible delays with Russian inspections a...
Market Commentary: Dead Cat Bounce in Wheat; Soy Extends its Rally; EIA RVOs Still Pending
The CBOT was mostly higher at mid-week with soymeal and soybeans leading the way in a demand-fueled rally. Wheat traded sideways for the morning but eventually found some buying interest and rallied heading into the close to settle 12-14 cents higher. The wheat rally lacked any fundamental just...
Summary of Futures
Mar 23 Corn closed at $6.67/bushel, down $0.025 from yesterday's close. Mar 23 Wheat closed at $7.955/bushel, up $0.14 from yesterday's close. Jan 23 Soybeans closed at $14.695/bushel, up $0.1 from yesterday's close. Jan 23 Soymeal closed at $417.8/short ton, up $10.2 from yes...
Black Sea Regional Analysis
Russian Grain Markets: 21-25 November 2022 The feature of the week remains the same – extension of the UN humanitarian Black Sea corridor under UN auspices with Turkey being the guarantor of the transaction. While Ukrainians are complaining about terrible delays with Russian inspections a...
Market Commentary: Soy Rally Continues; Wheat, Corn Drift Lower; House Moves to Preempt Rail Strike
The CBOT largely continued its prior trends on Tuesday with soybeans adding to Monday’s rally despite a pullback in soyoil. Corn chopped sideways again and stayed within the range that has defined its trade for the past thirteen trading days. SRW wheat bounced higher as funds took a brief...
Soy & Oilseeds
Market Commentary: Dead Cat Bounce in Wheat; Soy Extends its Rally; EIA RVOs Still Pending
The CBOT was mostly higher at mid-week with soymeal and soybeans leading the way in a demand-fueled rally. Wheat traded sideways for the morning but eventually found some buying interest and rallied heading into the close to settle 12-14 cents higher. The wheat rally lacked any fundamental just...
China In-Country Analysis
Public Health COVID Restrictions Eased in Some Key Cities, Tension Lingers The recent public protests in Shanghai and Beijing marked a level of civil unrest not normally seen in China, since the landmark event of Tiananmen Square in 1989. This is not to say that protests or outrage over governm...
Summary of Futures
Mar 23 Corn closed at $6.67/bushel, down $0.025 from yesterday's close. Mar 23 Wheat closed at $7.955/bushel, up $0.14 from yesterday's close. Jan 23 Soybeans closed at $14.695/bushel, up $0.1 from yesterday's close. Jan 23 Soymeal closed at $417.8/short ton, up $10.2 from yes...
Market Commentary: Dead Cat Bounce in Wheat; Soy Extends its Rally; EIA RVOs Still Pending
The CBOT was mostly higher at mid-week with soymeal and soybeans leading the way in a demand-fueled rally. Wheat traded sideways for the morning but eventually found some buying interest and rallied heading into the close to settle 12-14 cents higher. The wheat rally lacked any fundamental just...
China In-Country Analysis
Public Health COVID Restrictions Eased in Some Key Cities, Tension Lingers The recent public protests in Shanghai and Beijing marked a level of civil unrest not normally seen in China, since the landmark event of Tiananmen Square in 1989. This is not to say that protests or outrage over governm...
Summary of Futures
Mar 23 Corn closed at $6.67/bushel, down $0.025 from yesterday's close. Mar 23 Wheat closed at $7.955/bushel, up $0.14 from yesterday's close. Jan 23 Soybeans closed at $14.695/bushel, up $0.1 from yesterday's close. Jan 23 Soymeal closed at $417.8/short ton, up $10.2 from yes...
Black Sea Regional Analysis
Russian Grain Markets: 21-25 November 2022 The feature of the week remains the same – extension of the UN humanitarian Black Sea corridor under UN auspices with Turkey being the guarantor of the transaction. While Ukrainians are complaining about terrible delays with Russian inspections a...
Wheat
Market Commentary: Dead Cat Bounce in Wheat; Soy Extends its Rally; EIA RVOs Still Pending
The CBOT was mostly higher at mid-week with soymeal and soybeans leading the way in a demand-fueled rally. Wheat traded sideways for the morning but eventually found some buying interest and rallied heading into the close to settle 12-14 cents higher. The wheat rally lacked any fundamental just...
Summary of Futures
Mar 23 Corn closed at $6.67/bushel, down $0.025 from yesterday's close. Mar 23 Wheat closed at $7.955/bushel, up $0.14 from yesterday's close. Jan 23 Soybeans closed at $14.695/bushel, up $0.1 from yesterday's close. Jan 23 Soymeal closed at $417.8/short ton, up $10.2 from yes...
Black Sea Regional Analysis
Russian Grain Markets: 21-25 November 2022 The feature of the week remains the same – extension of the UN humanitarian Black Sea corridor under UN auspices with Turkey being the guarantor of the transaction. While Ukrainians are complaining about terrible delays with Russian inspections a...
Market Commentary: Dead Cat Bounce in Wheat; Soy Extends its Rally; EIA RVOs Still Pending
The CBOT was mostly higher at mid-week with soymeal and soybeans leading the way in a demand-fueled rally. Wheat traded sideways for the morning but eventually found some buying interest and rallied heading into the close to settle 12-14 cents higher. The wheat rally lacked any fundamental just...
Summary of Futures
Mar 23 Corn closed at $6.67/bushel, down $0.025 from yesterday's close. Mar 23 Wheat closed at $7.955/bushel, up $0.14 from yesterday's close. Jan 23 Soybeans closed at $14.695/bushel, up $0.1 from yesterday's close. Jan 23 Soymeal closed at $417.8/short ton, up $10.2 from yes...
Black Sea Regional Analysis
Russian Grain Markets: 21-25 November 2022 The feature of the week remains the same – extension of the UN humanitarian Black Sea corridor under UN auspices with Turkey being the guarantor of the transaction. While Ukrainians are complaining about terrible delays with Russian inspections a...
Market Commentary: Soy Rally Continues; Wheat, Corn Drift Lower; House Moves to Preempt Rail Strike
The CBOT largely continued its prior trends on Tuesday with soybeans adding to Monday’s rally despite a pullback in soyoil. Corn chopped sideways again and stayed within the range that has defined its trade for the past thirteen trading days. SRW wheat bounced higher as funds took a brief...
Livestock
Market Commentary: Dead Cat Bounce in Wheat; Soy Extends its Rally; EIA RVOs Still Pending
The CBOT was mostly higher at mid-week with soymeal and soybeans leading the way in a demand-fueled rally. Wheat traded sideways for the morning but eventually found some buying interest and rallied heading into the close to settle 12-14 cents higher. The wheat rally lacked any fundamental just...
China In-Country Analysis
Public Health COVID Restrictions Eased in Some Key Cities, Tension Lingers The recent public protests in Shanghai and Beijing marked a level of civil unrest not normally seen in China, since the landmark event of Tiananmen Square in 1989. This is not to say that protests or outrage over governm...
Summary of Futures
Mar 23 Corn closed at $6.67/bushel, down $0.025 from yesterday's close. Mar 23 Wheat closed at $7.955/bushel, up $0.14 from yesterday's close. Jan 23 Soybeans closed at $14.695/bushel, up $0.1 from yesterday's close. Jan 23 Soymeal closed at $417.8/short ton, up $10.2 from yes...
Market Commentary: Dead Cat Bounce in Wheat; Soy Extends its Rally; EIA RVOs Still Pending
The CBOT was mostly higher at mid-week with soymeal and soybeans leading the way in a demand-fueled rally. Wheat traded sideways for the morning but eventually found some buying interest and rallied heading into the close to settle 12-14 cents higher. The wheat rally lacked any fundamental just...
China In-Country Analysis
Public Health COVID Restrictions Eased in Some Key Cities, Tension Lingers The recent public protests in Shanghai and Beijing marked a level of civil unrest not normally seen in China, since the landmark event of Tiananmen Square in 1989. This is not to say that protests or outrage over governm...
Summary of Futures
Mar 23 Corn closed at $6.67/bushel, down $0.025 from yesterday's close. Mar 23 Wheat closed at $7.955/bushel, up $0.14 from yesterday's close. Jan 23 Soybeans closed at $14.695/bushel, up $0.1 from yesterday's close. Jan 23 Soymeal closed at $417.8/short ton, up $10.2 from yes...
Market Commentary: Soy Rally Continues; Wheat, Corn Drift Lower; House Moves to Preempt Rail Strike
The CBOT largely continued its prior trends on Tuesday with soybeans adding to Monday’s rally despite a pullback in soyoil. Corn chopped sideways again and stayed within the range that has defined its trade for the past thirteen trading days. SRW wheat bounced higher as funds took a brief...
Biofuels
American Petroleum Institute Backs Year-Round E15
The American Petroleum Institute (AP), the association of oil drilling, refining, and natural gas producing companies, joined this week in signing a letter to Congress backing a move to grant year-round use of E15. Other signatories to the letter included the Renewable Fuel Association (RFA), G...
2023 Biofuel RVOs Delayed from Tomorrow Release
The EPA’s proposed required volume obligations (RVO) for 2023 will not be released tomorrow as was previously expected under the terms of a consent decree, which originally set a date of 16 September. That was later agreed by both parties to be extended to 16 November. Those parties inclu...
King and Queen Pillage the Village
King corn is losing a battle with Queen soybeans, and this has activated the politicians for another round of support. Renewable diesel is projected to increase five-fold from 1 billion to 5 billion gallons by 2026. Almost $2.6 billion is being invested in increased soybean crush capacity to me...
American Petroleum Institute Backs Year-Round E15
The American Petroleum Institute (AP), the association of oil drilling, refining, and natural gas producing companies, joined this week in signing a letter to Congress backing a move to grant year-round use of E15. Other signatories to the letter included the Renewable Fuel Association (RFA), G...
2023 Biofuel RVOs Delayed from Tomorrow Release
The EPA’s proposed required volume obligations (RVO) for 2023 will not be released tomorrow as was previously expected under the terms of a consent decree, which originally set a date of 16 September. That was later agreed by both parties to be extended to 16 November. Those parties inclu...
King and Queen Pillage the Village
King corn is losing a battle with Queen soybeans, and this has activated the politicians for another round of support. Renewable diesel is projected to increase five-fold from 1 billion to 5 billion gallons by 2026. Almost $2.6 billion is being invested in increased soybean crush capacity to me...
Future of the RFS 2023 and Beyond
2023 marks a major shift in the Renewable Fuel Standard (RFS). From the 2007 Energy Independence and Security Act until this year, the annual required volume obligations (RVOs) under the RFS were set by statute; that changes in 2023, and so could the mix of renewable fuels – or at least t...
Farm Inputs
AMLO Spits on U.S. Corn; Sovereign Right to EV’s; Green Fertilizer Dreams
AMLO Spits on U.S. Corn If there were any doubts in the U.S. government about Mexico’s intent about GMO corn, President Andrés Manuel López Obrador cleared up their unwarranted confusion. He said Mexico could not buy GMO corn because there is no evidence it is safe. In a Tru...
Fertilizer: No Room for Error
There are a lot of uncertainties in the market and ranging from the political like the war, to the mundane such as weather. One variable front and center is fertilizer. It is both essential to crop production, and an environmental externality. The goal of reducing its use has come squarely conf...
Fertilizer Crisis
Fortunately, Hurricane Ian did not adversely impact Florida’s production of phosphate for crop production, but nitrogen remains a major supply concern. This is especially true in Europe where limited natural gas supplies will be focused on winter heating needs and maintaining industrial o...
AMLO Spits on U.S. Corn; Sovereign Right to EV’s; Green Fertilizer Dreams
AMLO Spits on U.S. Corn If there were any doubts in the U.S. government about Mexico’s intent about GMO corn, President Andrés Manuel López Obrador cleared up their unwarranted confusion. He said Mexico could not buy GMO corn because there is no evidence it is safe. In a Tru...
Fertilizer: No Room for Error
There are a lot of uncertainties in the market and ranging from the political like the war, to the mundane such as weather. One variable front and center is fertilizer. It is both essential to crop production, and an environmental externality. The goal of reducing its use has come squarely conf...
Fertilizer Crisis
Fortunately, Hurricane Ian did not adversely impact Florida’s production of phosphate for crop production, but nitrogen remains a major supply concern. This is especially true in Europe where limited natural gas supplies will be focused on winter heating needs and maintaining industrial o...
South America’s Fertilizer Situation
Rabobank reports that fertilizer supplies will improve in 2023 with downward pressure on phosphate and potash prices, but nitrogen may see a 20-30 percent price hike. This is an important competitiveness factor for agricultural exporters. North and South America both have abundant supplies of p...
Equities
Summary of Futures
Mar 21 Corn closed at $4.2375/bushel, up $0.03 from yesterday's close. Mar 21 Wheat closed at $5.885/bushel, up $0.1125 from yesterday's close. Jan 21 Soybeans closed at $11.53/bushel, down $0.09 from yesterday's close. Jan 21 Soymeal closed at $385.6/short ton, down $4.6 from...
Summary of Futures
Dec 20 Corn closed at $4.1625/bushel, up $0.0575 from yesterday's close. Dec 20 Wheat closed at $5.98/bushel, up $0.045 from yesterday's close. Jan 21 Soybeans closed at $11.535/bushel, up $0.055 from yesterday's close. Dec 20 Soymeal closed at $389.3/short ton, up $1.2 from y...
Historical Coronavirus Impacts
While agricultural commodity values have been adversely impacted by the latest coronavirus afflicting human populations, it has been nothing like the beating being taken by the equities markets. In both cases there is a view that the selloff has been exaggerated. In the parlance of Chicago, ove...
Summary of Futures
Mar 21 Corn closed at $4.2375/bushel, up $0.03 from yesterday's close. Mar 21 Wheat closed at $5.885/bushel, up $0.1125 from yesterday's close. Jan 21 Soybeans closed at $11.53/bushel, down $0.09 from yesterday's close. Jan 21 Soymeal closed at $385.6/short ton, down $4.6 from...
Summary of Futures
Dec 20 Corn closed at $4.1625/bushel, up $0.0575 from yesterday's close. Dec 20 Wheat closed at $5.98/bushel, up $0.045 from yesterday's close. Jan 21 Soybeans closed at $11.535/bushel, up $0.055 from yesterday's close. Dec 20 Soymeal closed at $389.3/short ton, up $1.2 from y...
Historical Coronavirus Impacts
While agricultural commodity values have been adversely impacted by the latest coronavirus afflicting human populations, it has been nothing like the beating being taken by the equities markets. In both cases there is a view that the selloff has been exaggerated. In the parlance of Chicago, ove...
Market Commentary
President Trump’s Twitter account was in overdrive this morning as he lashed out at China in a series of tweets, including a note that U.S. companies are “hereby ordered” to find alternatives to that country. This could be part of a bizarre negotiating strategy, a knee-jerk re...
Energy
Summary of Futures
Mar 23 Corn closed at $6.67/bushel, down $0.025 from yesterday's close. Mar 23 Wheat closed at $7.955/bushel, up $0.14 from yesterday's close. Jan 23 Soybeans closed at $14.695/bushel, up $0.1 from yesterday's close. Jan 23 Soymeal closed at $417.8/short ton, up $10.2 from yes...
Summary of Futures
Mar 23 Corn closed at $6.695/bushel, down $0.0175 from yesterday's close. Mar 23 Wheat closed at $7.815/bushel, up $0.0075 from yesterday's close. Jan 23 Soybeans closed at $14.595/bushel, up $0.0225 from yesterday's close. Jan 23 Soymeal closed at $407.6/short ton, down $4.1...
Summary of Futures
Dec 22 Corn closed at $6.6875/bushel, up $0.0075 from yesterday's close. Mar 23 Wheat closed at $7.8075/bushel, down $0.1625 from yesterday's close. Jan 23 Soybeans closed at $14.5725/bushel, up $0.21 from yesterday's close. Jan 23 Soymeal closed at $411.7/short ton, up $5.4 f...
Summary of Futures
Mar 23 Corn closed at $6.67/bushel, down $0.025 from yesterday's close. Mar 23 Wheat closed at $7.955/bushel, up $0.14 from yesterday's close. Jan 23 Soybeans closed at $14.695/bushel, up $0.1 from yesterday's close. Jan 23 Soymeal closed at $417.8/short ton, up $10.2 from yes...
Summary of Futures
Mar 23 Corn closed at $6.695/bushel, down $0.0175 from yesterday's close. Mar 23 Wheat closed at $7.815/bushel, up $0.0075 from yesterday's close. Jan 23 Soybeans closed at $14.595/bushel, up $0.0225 from yesterday's close. Jan 23 Soymeal closed at $407.6/short ton, down $4.1...
Summary of Futures
Dec 22 Corn closed at $6.6875/bushel, up $0.0075 from yesterday's close. Mar 23 Wheat closed at $7.8075/bushel, down $0.1625 from yesterday's close. Jan 23 Soybeans closed at $14.5725/bushel, up $0.21 from yesterday's close. Jan 23 Soymeal closed at $411.7/short ton, up $5.4 f...
Summary of Futures
Dec 22 Corn closed at $6.68/bushel, up $0.0475 from yesterday's close. Mar 23 Wheat closed at $7.97/bushel, down $0.165 from yesterday's close. Jan 23 Soybeans closed at $14.3625/bushel, up $0.0025 from yesterday's close. Jan 23 Soymeal closed at $406.3/short ton, down $1.1 fr...
Softs
Coffee Demand Steady
Demand growth for coffee has been far less volatile than production and ending stocks. Ending stocks peaked at 25 percent of consumption in 2001 as the price sunk to $0.44/pound. However, there was a stronger reaction when stocks slipped to 17 percent of production in 2011, and the price peaked...
Trade and Food Security
An anomaly since COVID disrupted supply chains is that the price of rice has been more stable than other food staples such as corn and wheat. One argument for this is that a far smaller share of total rice production is traded, making it less subject to global supply/demand volatility.&n...
Wheat Concerns in Asia
Asia has been adopting wheat as a food staple over many decades but the war In Ukraine has some worried about its supply reliability. Over the past dozen years, rice consumption has averaged a 0.86 percent annual increase while wheat consumption has been growing at twice that rate. Because clim...
Coffee Demand Steady
Demand growth for coffee has been far less volatile than production and ending stocks. Ending stocks peaked at 25 percent of consumption in 2001 as the price sunk to $0.44/pound. However, there was a stronger reaction when stocks slipped to 17 percent of production in 2011, and the price peaked...
Trade and Food Security
An anomaly since COVID disrupted supply chains is that the price of rice has been more stable than other food staples such as corn and wheat. One argument for this is that a far smaller share of total rice production is traded, making it less subject to global supply/demand volatility.&n...
Wheat Concerns in Asia
Asia has been adopting wheat as a food staple over many decades but the war In Ukraine has some worried about its supply reliability. Over the past dozen years, rice consumption has averaged a 0.86 percent annual increase while wheat consumption has been growing at twice that rate. Because clim...
Blame the Rice Boogey Man
Rice is the top staple food crop in Asia and the third largest global crop after corn and sugarcane. When rice production is in trouble, people pay attention. This year’s crop is suffering from flooding in Thailand, the sixth largest producer and second largest exporter. Plus excess rain...
Macroeconomics
Strange Bedfellows; Lobby Opportunity; Labor Hurdle
Strange Bedfellows The oil industry and U.S. agriculture have long conflicted with one another. The oil industry strongly opposed the ethanol blending mandate pushed through the Congress by the agriculture sector. Ethanol not only replaced the oil industry’s gasoline, but it also created...
AMLO Wiggle Room; New Congress/GM Corn Prospects; Pricing Commodities
AMLO Wiggle Room At a meeting yesterday with USDA Secretary Tom Vilsack, Mexican President Andrés Manuel López Obrador (AMLO) conceded that his announced ban on GM corn in 2024 would not have to apply to yellow corn for animal feed. Secretary Vilsack warned the Mexican leader ther...
Labor Crisis; China is EV Problem
Labor Crisis The U.S. unemployment rate is at 3.7 percent and due to low birth rates, an aging population, the great resignation, and demand for work-life balance has the forecast calling for a continued shortage of workers. At the same time IT companies are laying off workers, the Wall Street...
Strange Bedfellows; Lobby Opportunity; Labor Hurdle
Strange Bedfellows The oil industry and U.S. agriculture have long conflicted with one another. The oil industry strongly opposed the ethanol blending mandate pushed through the Congress by the agriculture sector. Ethanol not only replaced the oil industry’s gasoline, but it also created...
AMLO Wiggle Room; New Congress/GM Corn Prospects; Pricing Commodities
AMLO Wiggle Room At a meeting yesterday with USDA Secretary Tom Vilsack, Mexican President Andrés Manuel López Obrador (AMLO) conceded that his announced ban on GM corn in 2024 would not have to apply to yellow corn for animal feed. Secretary Vilsack warned the Mexican leader ther...
Labor Crisis; China is EV Problem
Labor Crisis The U.S. unemployment rate is at 3.7 percent and due to low birth rates, an aging population, the great resignation, and demand for work-life balance has the forecast calling for a continued shortage of workers. At the same time IT companies are laying off workers, the Wall Street...
Transatlantic Crisis
The daily messaging from Europe is that it is in crisis, and not only does Washington not care, but it is also making things worse. Truthfully, the complaints are met with a smirk by those in U.S. agriculture. Brussels accuses Washington of distorting markets with its Inflation Reduction Act (I...
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 Rate App (Updated 30 Nov.)
Ocean Freight Comments - 17 November 2022 By Jay O'Neil Commodity Consulting It is still an up and down Dry Bulk market situation with no defined direction. This market is mostly steaming in circles hoping to find support. Capesize markets have uncovered some improved demand in iron ore cargo,...
Interactive Ocean Freight Rates (Updated 30 Nov.)
Ocean Freight Comments - 17 November 2022 By Jay O'Neil Commodity Consulting It is still an up and down Dry Bulk market situation with no defined direction. This market is mostly steaming in circles hoping to find support. Capesize markets have uncovered some improved demand in iron ore cargo,...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Sri Lanka will benefit from a program by Thailand and the United Nations to supply quality maize seed to help with increasing food security – the maize will be used in the livestock industry when harvested...
FOB Prices and Freight Rate App (Updated 30 Nov.)
Ocean Freight Comments - 17 November 2022 By Jay O'Neil Commodity Consulting It is still an up and down Dry Bulk market situation with no defined direction. This market is mostly steaming in circles hoping to find support. Capesize markets have uncovered some improved demand in iron ore cargo,...
Interactive Ocean Freight Rates (Updated 30 Nov.)
Ocean Freight Comments - 17 November 2022 By Jay O'Neil Commodity Consulting It is still an up and down Dry Bulk market situation with no defined direction. This market is mostly steaming in circles hoping to find support. Capesize markets have uncovered some improved demand in iron ore cargo,...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Sri Lanka will benefit from a program by Thailand and the United Nations to supply quality maize seed to help with increasing food security – the maize will be used in the livestock industry when harvested...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s COP27 conference has set a new “123 Pledge” program that is directed at reducing food waste in production, handling, retail and consumer levels. Fourteen percent of food is said to be los...