Russian Grain Markets: 23 -27 January 2023 Russian domestic grain markets remained stable and slightly bearish. The feature of the week was feed barley equaling feed wheat in price. Corn slightly depreciated under pressure from Ukraine which has been exporting massive amounts of the commodity from the Black Sea on a duty-free basis versus Russia having an export duty which keeps growing. The record crop allows traders to basically dictate the prices as offers are abundant and there is always willingness to negotiate from the farmer’s side. Export dynamics are slower than anticipated which may play against the Russian farmer as cashflow is important and will be even more so for the spring planting campaign. However, inex...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
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