Russian Grain Markets: 13-17 January 2020 Milling and feed wheat prices as well as feed corn prices on the domestic Russian market grew, while feed barley prices remained unchanged. The growth resulted from two factors: Russian wheat was again purchased at GASC tender held in Egypt on 14 January and the possibility of grain export regulation was discussed by the Russian government. Export prices also grew. The average milling wheat price grew to $227/MT FOB Black Sea. Purchase prices increased to RUB 12,800-13,000/MT. Feed barley average export price remained at $186/MT FOB Black Sea, purchase prices were also stable at RUB 10,500/MT CPT-port Black Sea. Feed corn average export price grew to $182/MT FOB Black Sea, the average purchase pri...
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...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
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