Russian Grain Markets: 29 November-3 December 2021 Russian grain market wheat prices decreased mainly due to downward trends on international wheat markets and growing wheat export duties. Export milling wheat average offer price decreased to $342/MT FOB Black Sea. Average purchase price remained at RUB 17,125/MT CPT-port Black Sea. Feed barley average export price was stable at $298/MT FOB Black Sea; average purchase price increased to RUB 16,100/MT. Feed corn average price decreased to $274/MT FOB Black Sea while average purchase price dropped to RUB 13,600-14,000/MT CPT-port. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the Central, Southern and Black Soil regions (-RUB 15-20/MT), in the Volga Valley (-RUB 65/MT), a...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
Key Takeaways: The Panama Canal’s draft restrictions and decreasing rainfall outlook are driving big moves in dry bulk markets this week. Panamax markets are sharply lower as the economics of moving freight across the Canal are deteriorating rapidly, leading to support in Supramax vessels...
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