Regional News Kazakhstan’s ban on feedstuffs including oats, rye and hay begins today, as announced in the 12 August 2021 order by the deputy Minister of Agriculture. The ban is in effect through 23 February 2022. Milling Wheat World physical wheat markets are mixed to start the week with the recent declines in Chicago and Paris wheat futures pressuring some markets. Black Sea offers continue to strengthen due to tightening Russian supplies amid worsening drought, declining spring wheat yields, and slow farmer selling in the country. Demand has recently become the key driver of EU wheat prices, with Romania’s recent competitiveness in international tenders supporting the EU market. French and German FOB offe...
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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...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
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...