Although both Romania and Bulgaria planted about 10 percent less wheat this past fall because of the excessive rains, the crops may be very similar to last year due to the significantly higher yields. Milling Wheat The Black Sea market remained close to unchanged last week. The harvest in southern Russia and Ukraine is slightly delayed due to the recent rains. Consequently, exporters are concerned about the execution of the July shipments. The reported quality from the start of the harvest in both countries is rather disappointing. Local analysts and traders in Ukraine are estimating the milling wheat versus feed wheat ratio at 60/40 this year., Based on the current price of $200/MT FOB, the export tax for Russian wheat 12.5 percent prote...
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...
Illuminating the value of technical research
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