World Perspectives
feed-grains wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt reports that the government has purchased 3.66 MMT of local wheat. The total is expected to increase as it will buy wheat until the end of June. The Romanian wheat cargo that had been rejected in Egypt will now be allowed to enter the country after passing its second sampling and analysis. Pakistan reports that the 2018/19 wheat crop plus additional stocks will reach about 28 MMT against national consumption of just under 26 MMT. This would indicate a surplus of 2 MMT, which is not much at less than 10 percent of the total and lower than the 3.7 MMT said to be carried over in the previous year. Morocco’s barley production is forecast to drop from 2.9 MMT to just over 1 MMT...

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feed-grains soy-oilseeds wheat

Market Commentary: Lots of Uncertainties Except Certain Problems with China

There was no reversal of yesterday’s decline in commodity markets. The trend is your friend, and that beat out thoughts of a technical reversal. The market was down at the open and then came even more bearish outside influences.  Commodity and financial market prices plunged as the t...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.13/bushel, down $0.0525 from yesterday's close.  Dec 25 Wheat closed at $4.985/bushel, down $0.08 from yesterday's close.  Nov 25 Soybeans closed at $10.0675/bushel, down $0.155 from yesterday's close.  Dec 25 Soymeal closed at $275/short ton, down $1.9 f...

WPI Grain Transportation Report

Dry bulk markets are waiting to see how rates will react now that China’s Golden Week and South Korea’s holidays are both over. The Golden Week celebrations ended on Wednesday and, so far, dry bulk rates have not seen much upward movement. Panamax and Capesize vessels are slightly f...

feed-grains soy-oilseeds wheat

Market Commentary: Lots of Uncertainties Except Certain Problems with China

There was no reversal of yesterday’s decline in commodity markets. The trend is your friend, and that beat out thoughts of a technical reversal. The market was down at the open and then came even more bearish outside influences.  Commodity and financial market prices plunged as the t...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.13/bushel, down $0.0525 from yesterday's close.  Dec 25 Wheat closed at $4.985/bushel, down $0.08 from yesterday's close.  Nov 25 Soybeans closed at $10.0675/bushel, down $0.155 from yesterday's close.  Dec 25 Soymeal closed at $275/short ton, down $1.9 f...

WPI Grain Transportation Report

Dry bulk markets are waiting to see how rates will react now that China’s Golden Week and South Korea’s holidays are both over. The Golden Week celebrations ended on Wednesday and, so far, dry bulk rates have not seen much upward movement. Panamax and Capesize vessels are slightly f...

feed-grains soy-oilseeds wheat

Market Commentary: Chop and Drop

Markets continue to chop around looking for some determinant of direction. In the absence of official reports, yesterday’s firmer PNW soybean basis levels provided a brief uplift but that faltered today. China gets mentioned as a possible source of the phantom demand but that seems politi...

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