What Spreads and Basis Are Saying About Soybean Exports
The government shutdown has entered its tenth day, leaving the grain markets without two weeks of export data. Fortunately, the USDA AMS and FGIS continue to publish the weekly Export Inspections report, leaving the grain industry not totally blind to exports. Even so, that report covers only a...
WPI Grain Transportation Report
Dry bulk markets are waiting to see how rates will react now that China’s Golden Week and South Korea’s holidays are both over. The Golden Week celebrations ended on Wednesday and, so far, dry bulk rates have not seen much upward movement. Panamax and Capesize vessels are slightly f...
FOB Prices and Freight Rates App (Updated 8 October)
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
Market Commentary: Grains Sink on Technicals While Soy Firms on Financial Aid Hopes
The CBOT saw diverging trade on Tuesday with the grains – corn and wheat – seeing weaker trade while soybeans and soyoil managed to push higher and further elevate crush margins. Technical factors were dominant in corn and wheat trade while soybeans and soyoil saw more support from...
Mercosur Regional Analysis
Corn Argentina’s corn planting advanced 7.4 percentage points over the past week and reached 19.8 percent of the 7.8 MHa projected for the season. Favorable soil moisture continues to support early planting and put progress roughly 7 points ahead of last year. However, western, cent...
WPI Grain Transportation Report
Dry bulk freight rates cratered this week as China started its Golden Week holiday, which blanketed markets with calm and quiet. Pacific markets were especially dull and weaker, especially amid doubts about how China’s grain demand will play out after the holiday. China still has not book...
Can a Trade Deal Save U.S. 2025/26 Soybean Exports?
Wednesday’s headline in the ag markets was President Trump’s social media post that indicated soybeans will be on the agenda for his upcoming summit with President Xi. The news was the first significant acknowledgement by the administration since starting the trade war that it is ha...
Mercosur Regional Analysis
“Zero Export Taxes”: The Controversy in Argentina Ahead of the elections, the Argentine government faced urgent pressure to secure hard currency and stabilize the exchange rate. To do so, it temporarily eliminated export duties on grains and by-products, effective until 31 October 2...
WPI Grain Transportation Report
Dry bulk markets are mixed this week as the Capesize sector saw renewed strength while Panamax and Supramax markets struggled to maintain rates. Capesize markets were higher on iron ore demand from west Australia with a steady flow of cargo bookings through the week. The improved booking...
Market Commentary: China Books More Argy Soybeans; Markets Wait on Fundamentals
Ag futures were mostly lower at mid-week with the advancing U.S. corn and soybeans harvests and massive soybean sales from Argentina creating a bearish sentiment. Markets received positive news of fresh export sales of corn to Mexico and soymeal to Guatemala, but those failed to impress markets...
Market Commentary: Exports Drive Turnaround Tuesday
The CBOT was mostly higher on Tuesday as strong export demand – even in spite of Argentina’s temporary export tax cut – continues to drive the grain market outlook. Corn demand remains especially strong with Mexico booking another several cargoes overnight despite its own outl...
Argentina Suspends Export Tax on Soy
Yesterday, Argentina temporarily stopped its export tax on grains and co-products, as well as beef and poultry, something President Javier Milei had proposed during his campaign. The final decision, however, came as the country is desperate for U.S. dollars to shore up the flagging peso. Furthe...
What Spreads and Basis Are Saying About Soybean Exports
The government shutdown has entered its tenth day, leaving the grain markets without two weeks of export data. Fortunately, the USDA AMS and FGIS continue to publish the weekly Export Inspections report, leaving the grain industry not totally blind to exports. Even so, that report covers only a...
WPI Grain Transportation Report
Dry bulk markets are waiting to see how rates will react now that China’s Golden Week and South Korea’s holidays are both over. The Golden Week celebrations ended on Wednesday and, so far, dry bulk rates have not seen much upward movement. Panamax and Capesize vessels are slightly f...
FOB Prices and Freight Rates App (Updated 8 October)
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
Market Commentary: Grains Sink on Technicals While Soy Firms on Financial Aid Hopes
The CBOT saw diverging trade on Tuesday with the grains – corn and wheat – seeing weaker trade while soybeans and soyoil managed to push higher and further elevate crush margins. Technical factors were dominant in corn and wheat trade while soybeans and soyoil saw more support from...
Mercosur Regional Analysis
Corn Argentina’s corn planting advanced 7.4 percentage points over the past week and reached 19.8 percent of the 7.8 MHa projected for the season. Favorable soil moisture continues to support early planting and put progress roughly 7 points ahead of last year. However, western, cent...
WPI Grain Transportation Report
Dry bulk freight rates cratered this week as China started its Golden Week holiday, which blanketed markets with calm and quiet. Pacific markets were especially dull and weaker, especially amid doubts about how China’s grain demand will play out after the holiday. China still has not book...
Can a Trade Deal Save U.S. 2025/26 Soybean Exports?
Wednesday’s headline in the ag markets was President Trump’s social media post that indicated soybeans will be on the agenda for his upcoming summit with President Xi. The news was the first significant acknowledgement by the administration since starting the trade war that it is ha...
Mercosur Regional Analysis
“Zero Export Taxes”: The Controversy in Argentina Ahead of the elections, the Argentine government faced urgent pressure to secure hard currency and stabilize the exchange rate. To do so, it temporarily eliminated export duties on grains and by-products, effective until 31 October 2...
WPI Grain Transportation Report
Dry bulk markets are mixed this week as the Capesize sector saw renewed strength while Panamax and Supramax markets struggled to maintain rates. Capesize markets were higher on iron ore demand from west Australia with a steady flow of cargo bookings through the week. The improved booking...
Market Commentary: China Books More Argy Soybeans; Markets Wait on Fundamentals
Ag futures were mostly lower at mid-week with the advancing U.S. corn and soybeans harvests and massive soybean sales from Argentina creating a bearish sentiment. Markets received positive news of fresh export sales of corn to Mexico and soymeal to Guatemala, but those failed to impress markets...
Market Commentary: Exports Drive Turnaround Tuesday
The CBOT was mostly higher on Tuesday as strong export demand – even in spite of Argentina’s temporary export tax cut – continues to drive the grain market outlook. Corn demand remains especially strong with Mexico booking another several cargoes overnight despite its own outl...
Argentina Suspends Export Tax on Soy
Yesterday, Argentina temporarily stopped its export tax on grains and co-products, as well as beef and poultry, something President Javier Milei had proposed during his campaign. The final decision, however, came as the country is desperate for U.S. dollars to shore up the flagging peso. Furthe...