Russian Grain Markets: 9-13 May 2022 Most businesses were closed from 1-9 May as Russians celebrated Soviet holidays. Trade has now resumed and there is a bearish mood on all fronts. Exporters decreased their interest in the Black Sea ports and local currency strengthened thus solidifying the bearish trend. Export duties for wheat continued decreasing which was hard to predict while barley and corn export duties increased as forecasted earlier. New duties for 18-24 May are as follows:
Wheat: $111.9 vs $ 114.3 - 2.4 Barley: $76.5 vs $ 74.1 + 2.4 Corn: $ 77.3 vs $ 77.0 + 0.3
Export FOB Black Sea prices grew to $395/MT. Feed barley prices FOB remained unchanged at...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
CORN Argentina In Argentina, after several weeks of intense and frequent rainfall, weather conditions have improved, with clear days, dry cold, and wind supporting both soil and grain drying. Harvest activity has resumed; however, producers continue to prioritize soybeans, limiting progress in...
Update for 6 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...
