Russian Grain Markets: 29 January-2 February 2018 There was an upward trend in prices for all grains as a saturated domestic market continued reacting to the positive trend in export prices. On the export market, milling wheat prices continued to grow and reached $198/MT FOB Black Sea (+$2/MT). Meanwhile, purchase prices remained the same (in RUB expression) at $184-188/MT CPT-Black Sea port. Feed barley export prices also continued to increase and averaged $199/MT FOB Black Sea (+$4/MT), but the CPT-Black Sea port prices were stable (in RUB expression) at $190/MT. Corn export prices rose as expected to $176/MT FOB Black Sea (+$4/MT). GEOGRAPHICALLY 3rd grade soft milling wheat prices increased in Volga Valley (+$3.30/MT), Central and Bl...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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