The Black Sea market for milling wheat remained about unchanged last week without any major trades reported. While the price in rubles is attractive to Russian farmers, their selling in not accelerating significantly for one notable reason. Milling Wheat The Black Sea market remained about unchanged without any major trades reported. The Russian ruble is weaker against the USD as the crude oil price continues to erode. The exchange rate is 71 RUB = 1 USD versus 68 RUB a week ago and 65 RUB last month. The price in rubles is attractive to Russian farmers, although their selling is not accelerating significantly as they consider their stocks to be a hedge against a further devaluation of the currency.The EU allocated 563,000 MT of wheat exp...
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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