Milling Wheat The Black Sea market was mostly unchanged last week on limited activity was due to the holiday season in Europe. The Russian domestic wheat market was firm again with values reported $3-9/MT higher in the different regions. Russia’s average monthly exports are expected to fall below 2MMT from January to June, down from 3.2 MMT during the same period last year. The market in Romania and Bulgaria was very quiet last week. The remaining surplus is estimated at about 1.2 MMT in Romania and about 0.9 MMT in Bulgaria. The region’s weather remained generally favorable for winter wheat development with seasonally mild temperatures and frequent precipitation. Some risk remains, however, as most of the region has no...
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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