World Perspectives
feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS It looks to be good news for grain importers as most experts in the ocean freight business are expecting dry-bulk freight rates to be steady to lower over the next year. The long expected rally in prices due to new low-sulfur requirement level doesn’t look to be happening. Vessel fuel cost will probably move higher when using low-sulfur fuel, but the experts say that an increase in available new vessels and a drop in demand from China will help to keep freight rates from moving higher. However, there will still be ups and downs in the grain freight rate that will be tied to the peaks in grain exports from Argentina, Brazil, USA and the Black Sea. Egypt’s Ministry of Supply r...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.43/bushel, up $0.0275 from yesterday's close.  May 26 Wheat closed at $5.92/bushel, up $0.0975 from yesterday's close.  May 26 Soybeans closed at $11.58/bushel, down $0.0425 from yesterday's close.  May 26 Soymeal closed at $329.7/short ton, down $2.2 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on Falling Conditions; Cattle Surge to New Records

The CBOT received several pieces of key fundamental information on Tuesday, including updated production figures from CONAB, the results of the USDA’s Monday Crop Progress report, and fresh export sales of corn to Mexico. The result was that wheat popped higher on growing concerns for yie...

Congress Coming Back to Busy Agenda

The House and Senate are returning from their two-week Easter recess period with a busy agenda ahead. While the Department of Homeland Security (DHS) shutdown has now hit the two-month mark, a plan is emerging to use reconciliation to fund Immigration and Customs Enforcement (ICE) and Customs a...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.43/bushel, up $0.0275 from yesterday's close.  May 26 Wheat closed at $5.92/bushel, up $0.0975 from yesterday's close.  May 26 Soybeans closed at $11.58/bushel, down $0.0425 from yesterday's close.  May 26 Soymeal closed at $329.7/short ton, down $2.2 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on Falling Conditions; Cattle Surge to New Records

The CBOT received several pieces of key fundamental information on Tuesday, including updated production figures from CONAB, the results of the USDA’s Monday Crop Progress report, and fresh export sales of corn to Mexico. The result was that wheat popped higher on growing concerns for yie...

Congress Coming Back to Busy Agenda

The House and Senate are returning from their two-week Easter recess period with a busy agenda ahead. While the Department of Homeland Security (DHS) shutdown has now hit the two-month mark, a plan is emerging to use reconciliation to fund Immigration and Customs Enforcement (ICE) and Customs a...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Syria is reported to be the main destination for Russia’s shipments of Ukraine grain from occupied regions. Egypt had been the main destination, but it has now stopped buying grain from occupied areas. Syria and Ukraine plan...

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From WPI Consulting

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