The Black Sea market remained about unchanged last week for the old crop and about $2 firmer for the new crop. Two factors have helped the July/August price for Russian 12.5 pro to gain more than $5 in two weeks. Milling Wheat The Black Sea market remained about unchanged last week for the old crop and about $2 firmer for the new crop. The lack of farmer selling in general and the value-added tax (VAT) issues in Russia have helped the July/August price for Russian 12.5 pro to gain more than $5 in two weeks. There are no significant weather concerns in Eastern Europe, although the eastern part of Ukraine has been dry for an extended period, which might possibly affect the yields.The EU exported only 110,000 MT last week, bringing the total...
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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