What is Transportation Perspectives? A weekly report that tracks developments in ocean freight rates and U.S. agricultural commodity exports. With nearly two decades of market analysis, it offers global readers unparalleled insights into what was once an opaque industry.
Recent Analysis from Transportation Perspectives
Transportation Perspectives - 30 July
Wow – what a week for freight markets. Things are changing incredibly rapidly as escalations in the U.S.-Iran war and the Ukraine-Russia conflict reshape global shipping risks and approaches beyond simple rate and insurance cost adjustments. Too, the Panama Canal has shifted its stance on...
Transportation Perspectives - 23 July
Key Takeaways: The situation in the Arab Gulf is little changed this week, which is to say it is a day-by-day – and sometimes hour-by-hour – judgment call as to what is or will happen. There are some vessels transiting the Strait of Hormuz, but transits are a fraction of what they...
What You Need to Know Today: Record biofuel demand continues to support soyoil values, as EIA data show that May soyoil usage as a biofuel feedstock reached a record 1.434 billion pounds. The latest data reinforces the strength of renewable fuel demand and helps explain ongoing investment in a...
A bipartisan group of 26 lawmakers, led by Representative David Valadao (R-CA), sent a letter to House Speaker Mike Johnson (R-Louisiana) and House Agriculture Committee Chair GT Thompson (R-Pennsylvania) requesting that $5 billion of the temporary economic assistance for farmers go toward spec...
For 23 years, WPI’s monthly AgReview publication has provided in-depth analysis of markets and policy. Responding to changes in both business economics and clients’ needs, this will be our last edition. We will continue to include historical analysis with our successful daily Ag Per...
WPI's monthly publication features a review of the past month's market and policy analysis articles. This month we examine the impacts of climate change, competition in the oilseeds market, the outlook of the meat industry, policies surrounding the Renewable Fuel Standards under the Biden Admin...
THE OPEN Nov beans: 5 higher Dec meal: .50 lower Dec soyoil: 35 higher Dec corn: 1 higher Dec wheat: 1 higher The markets opened as called with further strength as traders lifted shorts in beans on the back of a continuing strong soyoil performance. Grains we...
SPREADS Dec crush trades to 1.36c/bu while oilshare trades to new highs at 49.47%. Bean spreads are weaker as November contracts continue to roll forward. Nov/Jan bean carry trades from 11c to 11 1/2c, while Nov 21/22 trades from 1 3/4c to 6 3/4c carry. Nov/March bean spread t...