The spread between feed wheat and corn in the EU has narrowed significantly during the last few days, mainly due to the sharp rally of the USD versus the euro. If this trend continues, the Spanish feed compounders will make a change. Milling Wheat The Black Sea market is firmer due to slow farmer selling and weather concerns in relation to the planting of next year’s crop. The persistent drought in southern Russia and Ukraine over the past few months has resulted in poor conditions for the wheat before the start of winter. Some rains over the most recent days in Russia have brought some slight improvement, but the situation remains critical in Ukraine. The market will closely monitor the region’s weather developments in the coming weeks.T...
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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