The new crop (August/September) Bulgarian feed wheat traded at around €146-€147 ($160-$161) FOB last week, but the offers have climbed to €149 today. The market in Spain traded at €154 CNF Spanish Mediterranean last Friday, although it is now difficult to find sellers to repeat that level. Milling Wheat The Black Sea market remained about unchanged last week. It’s easier to find offers for Ukrainian 11.5 percent protein than for Russian 12.5 percent. The Russian government seems to have abandoned the idea of amending the wheat export tax structure for now. The weather in both Russia and Ukraine is generally favorable for winter wheat development and the spring wheat plantings.Egypt’s GASC purchased 120,000 MT of Romanian wheat and 60,000...
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...
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