It's difficult to assess the exact volume of Ukraine's remaining corn surplus as farmers logically prefer to keep grain instead of cash because of the country's political instability. Milling Wheat The EU allocated 756,000 MT of wheat export licenses last week, bringing the total to 19.3 MMT versus 12.7 MMT a year ago. Adding 1.2 MMT of flour and durum wheat export licenses, the total for this year is already 20.5 MMT. At the current pace of exports, the final number for the campaign might exceed 25.5 MMT. Strategie Grains has projected 24.3 MMT in its most recent edition, but that will certainly be revised up next month.Tunisia bought 75,000 MT of optional origin wheat paying $299.15-301.95/MT CNF. The sales were most likely for Ukrainia...
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...
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