Ukraine's milling wheat prices increased slightly as did corn prices at the UBS ports due to export reasons. The milling rye market there remained stable as both offers and bids were minimal. Meanwhile, Russia's 2016 corn crop could be a record. Russian Grain Market Note: Market information is limited due to the local May holidays. Market Trends: 2-6 May 2016 3rd and 4th grade soft milling wheat prices as well as feed wheat and corn prices increased in RUB expression and dropped in USD expression due to weakening of the ruble. Milling rye, feed barley and sunflower seed prices decreased in both forms of currency. USD/RUB Rate As of 6 May, the USD/RUB rate was 1/66.2 as the Russian ruble weakened. Russian Oilseed Markets
Russia: Pl...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
