The market in Bulgaria and Romania is firm in sympathy with the MATIF rally. Both countries still have about 10 percent of the total surplus, and the cheapest offer in one particular country's tender was Romanian origin. However, the result has not yet been announced. Milling Wheat The Black Sea market was again supported last week due to the lack of farmer selling and logistical challenges on roads, rivers and seaports because of icy conditions. Russia has exported about 18 MMT so far in this campaign, which is very close to the volume as of this date last year. Its remaining exportable surplus on paper is over 12 MMT. However, based on the current export pace and demand from major destinations for the next five months, it seems very unl...
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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