FOB Prices and Freight Rates App (Updated 11 April)
Transportation and Freight Market Comments - 11 April 2025 By Matt Herrington Dry-Bulk Ocean Freight The trade war(s) and the possible Section 301 penalties against Chinese vessels docking at U.S. ports have kept freight markets exceptionally volatile in recent weeks. This week’s trend wa...
WASDE Corn
Corn - USDA’s April 2025 estimates increase U.S. corn exports by 100 million bushels. U.S. corn ending stocks are down 75 million bushels from last month to 1.5 billion. The season-average corn price received by producers is unchanged at $4.35 per bushel. Global corn ending stocks,...
European Market Analysis
Regional News Both the GBP and EUR are seen as safe-haven trades right now, which has led to appreciation in both currencies. That is making exports less attractive from the UK and Europe, which is not what the markets need as they are already facing strong competition from Russia and Ukr...
Market Commentary: Tariffs on, Risk off
The market opened today as it had closed from the previous night’s session, with double digit declines in many contracts. An hour into today’s session, first soymeal, then corn, then HRW and hogs turned green. Many then wobbled both sides of unchanged. There was a new contract...
Market Commentary: Big Day for USDA Data; Grains Rise While Soy Suffers
The big news in commodity markets Monday was the release of USDA’s Prospective Plantings and Grain Stocks reports, the former of which offered the agency’s first detailed assessment of 2025 acreage. The report featured the expected increase in corn area and decrease in soybean plant...
Oilseed Highlights: Soyoil, Rapeseed Rally on Demand Surge
The Market The big movement in oilseed markets this week is the rally in soyoil futures, which are up 4 percent from last week. The market has rallied due to its large discount against palm oil futures and recent gains in rapeseed prices that are supporting oilseed and vegoils broadly. U...
European Market Analysis
Regional News Egg shortages and rising prices are not just a feature of U.S. agriculture right now, German and northern European markets broadly are experiencing similar shortages. German sources note the supply of “barn eggs” is too small for “prevailing demand”...
CONAB Forecasts Record Soybean Production
Brazilian soybean farmers will reap an even bigger crop in the 2024/25 season than previously expected, according to forecasts released by the Brazilian crop agency CONAB yesterday. Brazil's soybean crop, which farmers are harvesting now, is expected to total 167.37 MMT, about 1.3 M...
WASDE Soybeans
Soybeans: USDA’s March estimates for the U.S. 2024/25 season are unchanged this month. The season-average soybean price is projected at $9.95 per bushel, down 15 cents from last month. The price estimates for meal and oil prices are unchanged at $310 per short ton and 43 cents per pound...
WASDE Corn
Corn: USDA’s March estimates for the U.S. 2024/25 season are unchanged from last month – and the season-average corn price received by farmers is unchanged at $4.35 per bushel. USDA’s global corn outlook is for higher foreign corn production: Increases in India, Russia, and Uk...
WASDE Wheat
Wheat: USDA reduced U.S. wheat exports for the 2024/25 season by 15 million bushels and increased imports by 10 million bushels. The result is that U.S. ending stocks are raised 25 million bushels to 819 million, up 18 percent from last year. Thus, the U.S. season-average farm price is re...
European Market Analysis
Regional News Ukraine’s all-grain exports are down 1 percent YTD through February at 29 MMT. February shipments fell 40 percent from the same month in 2024 and totaled 3.2 MMT. The EU Commission lowered its forecast of the bloc’s total grain production for 2024/25 to 255...
FOB Prices and Freight Rates App (Updated 11 April)
Transportation and Freight Market Comments - 11 April 2025 By Matt Herrington Dry-Bulk Ocean Freight The trade war(s) and the possible Section 301 penalties against Chinese vessels docking at U.S. ports have kept freight markets exceptionally volatile in recent weeks. This week’s trend wa...
WASDE Corn
Corn - USDA’s April 2025 estimates increase U.S. corn exports by 100 million bushels. U.S. corn ending stocks are down 75 million bushels from last month to 1.5 billion. The season-average corn price received by producers is unchanged at $4.35 per bushel. Global corn ending stocks,...
European Market Analysis
Regional News Both the GBP and EUR are seen as safe-haven trades right now, which has led to appreciation in both currencies. That is making exports less attractive from the UK and Europe, which is not what the markets need as they are already facing strong competition from Russia and Ukr...
Market Commentary: Tariffs on, Risk off
The market opened today as it had closed from the previous night’s session, with double digit declines in many contracts. An hour into today’s session, first soymeal, then corn, then HRW and hogs turned green. Many then wobbled both sides of unchanged. There was a new contract...
Market Commentary: Big Day for USDA Data; Grains Rise While Soy Suffers
The big news in commodity markets Monday was the release of USDA’s Prospective Plantings and Grain Stocks reports, the former of which offered the agency’s first detailed assessment of 2025 acreage. The report featured the expected increase in corn area and decrease in soybean plant...
Oilseed Highlights: Soyoil, Rapeseed Rally on Demand Surge
The Market The big movement in oilseed markets this week is the rally in soyoil futures, which are up 4 percent from last week. The market has rallied due to its large discount against palm oil futures and recent gains in rapeseed prices that are supporting oilseed and vegoils broadly. U...
European Market Analysis
Regional News Egg shortages and rising prices are not just a feature of U.S. agriculture right now, German and northern European markets broadly are experiencing similar shortages. German sources note the supply of “barn eggs” is too small for “prevailing demand”...
CONAB Forecasts Record Soybean Production
Brazilian soybean farmers will reap an even bigger crop in the 2024/25 season than previously expected, according to forecasts released by the Brazilian crop agency CONAB yesterday. Brazil's soybean crop, which farmers are harvesting now, is expected to total 167.37 MMT, about 1.3 M...
WASDE Soybeans
Soybeans: USDA’s March estimates for the U.S. 2024/25 season are unchanged this month. The season-average soybean price is projected at $9.95 per bushel, down 15 cents from last month. The price estimates for meal and oil prices are unchanged at $310 per short ton and 43 cents per pound...
WASDE Corn
Corn: USDA’s March estimates for the U.S. 2024/25 season are unchanged from last month – and the season-average corn price received by farmers is unchanged at $4.35 per bushel. USDA’s global corn outlook is for higher foreign corn production: Increases in India, Russia, and Uk...
WASDE Wheat
Wheat: USDA reduced U.S. wheat exports for the 2024/25 season by 15 million bushels and increased imports by 10 million bushels. The result is that U.S. ending stocks are raised 25 million bushels to 819 million, up 18 percent from last year. Thus, the U.S. season-average farm price is re...
European Market Analysis
Regional News Ukraine’s all-grain exports are down 1 percent YTD through February at 29 MMT. February shipments fell 40 percent from the same month in 2024 and totaled 3.2 MMT. The EU Commission lowered its forecast of the bloc’s total grain production for 2024/25 to 255...