Feed Grains
Market Commentary: Soy Complex Falls on Brazilian Weather; Wheat Rises on Ukraine News
The Thanksgiving holiday isn’t until next week, but the CBOT is starting to feel like traders are taking their vacation time a little early. Trading volumes were muted on Wednesday and other than the KC wheat market and soyoil futures, none of the major ag markets made major technical moves. Ma...
Summary of Futures
Dec 24 Corn closed at $4.3025/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.525/bushel, up $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.905/bushel, down $0.08 from yesterday's close. Dec 24 Soymeal closed at $289.4/short ton, up $0.8 from yest...
Black Sea Regional Analysis
Russian Grain Markets: 11 – 15 November 2024Russian Union of Grain producers and exporters announced that winter wheat area for 2025/26 may drop to 15.4 Mha which will be the smallest planted winter crops area since 2018/19. Particularly, wheat area may drop by 0.9 Mha to 16.3 Mha, and after wi...
Market Commentary: Soy Complex Falls on Brazilian Weather; Wheat Rises on Ukraine News
The Thanksgiving holiday isn’t until next week, but the CBOT is starting to feel like traders are taking their vacation time a little early. Trading volumes were muted on Wednesday and other than the KC wheat market and soyoil futures, none of the major ag markets made major technical moves. Ma...
Summary of Futures
Dec 24 Corn closed at $4.3025/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.525/bushel, up $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.905/bushel, down $0.08 from yesterday's close. Dec 24 Soymeal closed at $289.4/short ton, up $0.8 from yest...
Black Sea Regional Analysis
Russian Grain Markets: 11 – 15 November 2024Russian Union of Grain producers and exporters announced that winter wheat area for 2025/26 may drop to 15.4 Mha which will be the smallest planted winter crops area since 2018/19. Particularly, wheat area may drop by 0.9 Mha to 16.3 Mha, and after wi...
Market Commentary: Price Action Follows One of Two Factors
The CBOT saw distinctly mixed trade with price action being largely determined by one of two factors: either bullishness from Ukraine’s attack on interior Russia or bearishness from favorable weather in South America. Based solely upon that statement, you can probably figure out which markets d...
Soy & Oilseeds
Market Commentary: Soy Complex Falls on Brazilian Weather; Wheat Rises on Ukraine News
The Thanksgiving holiday isn’t until next week, but the CBOT is starting to feel like traders are taking their vacation time a little early. Trading volumes were muted on Wednesday and other than the KC wheat market and soyoil futures, none of the major ag markets made major technical moves. Ma...
Summary of Futures
Dec 24 Corn closed at $4.3025/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.525/bushel, up $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.905/bushel, down $0.08 from yesterday's close. Dec 24 Soymeal closed at $289.4/short ton, up $0.8 from yest...
Black Sea Regional Analysis
Russian Grain Markets: 11 – 15 November 2024Russian Union of Grain producers and exporters announced that winter wheat area for 2025/26 may drop to 15.4 Mha which will be the smallest planted winter crops area since 2018/19. Particularly, wheat area may drop by 0.9 Mha to 16.3 Mha, and after wi...
Market Commentary: Soy Complex Falls on Brazilian Weather; Wheat Rises on Ukraine News
The Thanksgiving holiday isn’t until next week, but the CBOT is starting to feel like traders are taking their vacation time a little early. Trading volumes were muted on Wednesday and other than the KC wheat market and soyoil futures, none of the major ag markets made major technical moves. Ma...
Summary of Futures
Dec 24 Corn closed at $4.3025/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.525/bushel, up $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.905/bushel, down $0.08 from yesterday's close. Dec 24 Soymeal closed at $289.4/short ton, up $0.8 from yest...
Black Sea Regional Analysis
Russian Grain Markets: 11 – 15 November 2024Russian Union of Grain producers and exporters announced that winter wheat area for 2025/26 may drop to 15.4 Mha which will be the smallest planted winter crops area since 2018/19. Particularly, wheat area may drop by 0.9 Mha to 16.3 Mha, and after wi...
Market Commentary: Price Action Follows One of Two Factors
The CBOT saw distinctly mixed trade with price action being largely determined by one of two factors: either bullishness from Ukraine’s attack on interior Russia or bearishness from favorable weather in South America. Based solely upon that statement, you can probably figure out which markets d...
Wheat
Market Commentary: Soy Complex Falls on Brazilian Weather; Wheat Rises on Ukraine News
The Thanksgiving holiday isn’t until next week, but the CBOT is starting to feel like traders are taking their vacation time a little early. Trading volumes were muted on Wednesday and other than the KC wheat market and soyoil futures, none of the major ag markets made major technical moves. Ma...
Summary of Futures
Dec 24 Corn closed at $4.3025/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.525/bushel, up $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.905/bushel, down $0.08 from yesterday's close. Dec 24 Soymeal closed at $289.4/short ton, up $0.8 from yest...
Black Sea Regional Analysis
Russian Grain Markets: 11 – 15 November 2024Russian Union of Grain producers and exporters announced that winter wheat area for 2025/26 may drop to 15.4 Mha which will be the smallest planted winter crops area since 2018/19. Particularly, wheat area may drop by 0.9 Mha to 16.3 Mha, and after wi...
Market Commentary: Soy Complex Falls on Brazilian Weather; Wheat Rises on Ukraine News
The Thanksgiving holiday isn’t until next week, but the CBOT is starting to feel like traders are taking their vacation time a little early. Trading volumes were muted on Wednesday and other than the KC wheat market and soyoil futures, none of the major ag markets made major technical moves. Ma...
Summary of Futures
Dec 24 Corn closed at $4.3025/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.525/bushel, up $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.905/bushel, down $0.08 from yesterday's close. Dec 24 Soymeal closed at $289.4/short ton, up $0.8 from yest...
Black Sea Regional Analysis
Russian Grain Markets: 11 – 15 November 2024Russian Union of Grain producers and exporters announced that winter wheat area for 2025/26 may drop to 15.4 Mha which will be the smallest planted winter crops area since 2018/19. Particularly, wheat area may drop by 0.9 Mha to 16.3 Mha, and after wi...
Market Commentary: Price Action Follows One of Two Factors
The CBOT saw distinctly mixed trade with price action being largely determined by one of two factors: either bullishness from Ukraine’s attack on interior Russia or bearishness from favorable weather in South America. Based solely upon that statement, you can probably figure out which markets d...
Livestock
Market Commentary: Soy Complex Falls on Brazilian Weather; Wheat Rises on Ukraine News
The Thanksgiving holiday isn’t until next week, but the CBOT is starting to feel like traders are taking their vacation time a little early. Trading volumes were muted on Wednesday and other than the KC wheat market and soyoil futures, none of the major ag markets made major technical moves. Ma...
Turkey is a Turkey
And we don’t mean Türkiye. Turkey can mean unsuccessful and the production and trade in the domesticated large bird called the turkey leaves much to be desired. It originated in North America and that is where it has mostly stayed. The U.S. produces about half the world’s turkey meat. U.S. and...
Summary of Futures
Dec 24 Corn closed at $4.3025/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.525/bushel, up $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.905/bushel, down $0.08 from yesterday's close. Dec 24 Soymeal closed at $289.4/short ton, up $0.8 from yest...
Market Commentary: Soy Complex Falls on Brazilian Weather; Wheat Rises on Ukraine News
The Thanksgiving holiday isn’t until next week, but the CBOT is starting to feel like traders are taking their vacation time a little early. Trading volumes were muted on Wednesday and other than the KC wheat market and soyoil futures, none of the major ag markets made major technical moves. Ma...
Turkey is a Turkey
And we don’t mean Türkiye. Turkey can mean unsuccessful and the production and trade in the domesticated large bird called the turkey leaves much to be desired. It originated in North America and that is where it has mostly stayed. The U.S. produces about half the world’s turkey meat. U.S. and...
Summary of Futures
Dec 24 Corn closed at $4.3025/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.525/bushel, up $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.905/bushel, down $0.08 from yesterday's close. Dec 24 Soymeal closed at $289.4/short ton, up $0.8 from yest...
Market Commentary: Price Action Follows One of Two Factors
The CBOT saw distinctly mixed trade with price action being largely determined by one of two factors: either bullishness from Ukraine’s attack on interior Russia or bearishness from favorable weather in South America. Based solely upon that statement, you can probably figure out which markets d...
Biofuels
CFTC COT Report Analysis
The major finding of Friday’s CFTC report is that funds are increasingly and somewhat aggressively bullish corn as they rapidly expanded a small long into a near-100,000 contract bullish position. Over the period 5 through 12 November, funds bought over 96,000 contracts, which is the 11th large...
Senate Committee Changes and Ethanol Legislation
As WPI noted a week ago on 4 November, As a general rule, a Republican agenda is likely to be friendlier to liquid fuels, especially petroleum fuels, whereas a Democrat agenda is more likely to include a role for electric vehicles, and a renewable fuels policy that will focus on reducing c...
CFTC COT Report Analysis
The major finding of Friday’s CFTC report was the confirmation that funds have officially flipped their formerly massive net short in corn to a net long. After buying back nearly 40,000 contracts last week, funds now sit long 3,035 contracts as of 5 November, a position which was extended signi...
CFTC COT Report Analysis
The major finding of Friday’s CFTC report is that funds are increasingly and somewhat aggressively bullish corn as they rapidly expanded a small long into a near-100,000 contract bullish position. Over the period 5 through 12 November, funds bought over 96,000 contracts, which is the 11th large...
Senate Committee Changes and Ethanol Legislation
As WPI noted a week ago on 4 November, As a general rule, a Republican agenda is likely to be friendlier to liquid fuels, especially petroleum fuels, whereas a Democrat agenda is more likely to include a role for electric vehicles, and a renewable fuels policy that will focus on reducing c...
CFTC COT Report Analysis
The major finding of Friday’s CFTC report was the confirmation that funds have officially flipped their formerly massive net short in corn to a net long. After buying back nearly 40,000 contracts last week, funds now sit long 3,035 contracts as of 5 November, a position which was extended signi...
Renewable Fuel Policy Outlook in 2025
Tomorrow is election day; the make-up of Congress and who is in the White House is expected to have an impact on renewable fuel policy in 2025. As a general rule, a Republican agenda is likely to be friendlier to liquid fuels, especially petroleum fuels, whereas a Democrat agenda is more likely...
Farm Inputs
Feast or Famine
The COVID supply chain meltdown created anxiety over the availability of agricultural inputs. This compelled many operators to look forward and lock in their needs for 2023, often at elevated prices. This buy-high insurance marker has been met with ammonia prices that have now fallen by 50 perc...
Similarities of Farming and Manufacturing
Debate around the reauthorization of the U.S. farm bill is focused on the legislation’s two major functions, domestic food assistance and farm price supports. The former involves Republicans trying to reduce the most generous portions of what amounts to 81 percent of farm bill spending, a...
Black Sea Grain Initiative: One and Done?
The uncertainty that Russia’s invasion has brought to agricultural markets continues. Roughly 32.9 MMT of grain has been exported from Ukraine since the Black Sea Grain Initiative (BSGI) began in July 2022. Russia refused to extend it Monday, siting the continued sanctions that target Rus...
Feast or Famine
The COVID supply chain meltdown created anxiety over the availability of agricultural inputs. This compelled many operators to look forward and lock in their needs for 2023, often at elevated prices. This buy-high insurance marker has been met with ammonia prices that have now fallen by 50 perc...
Similarities of Farming and Manufacturing
Debate around the reauthorization of the U.S. farm bill is focused on the legislation’s two major functions, domestic food assistance and farm price supports. The former involves Republicans trying to reduce the most generous portions of what amounts to 81 percent of farm bill spending, a...
Black Sea Grain Initiative: One and Done?
The uncertainty that Russia’s invasion has brought to agricultural markets continues. Roughly 32.9 MMT of grain has been exported from Ukraine since the Black Sea Grain Initiative (BSGI) began in July 2022. Russia refused to extend it Monday, siting the continued sanctions that target Rus...
Green Deal Strategies
It has been a year since the EU released its plan for halving the use of pesticide and slashing fertilizer use and the debate over it is evolving. The farming lobby has stiffened its spine with the Dutch government backing away from some of its strident demands, and now agriculture members of t...
Equities
Summary of Futures
Dec 24 Corn closed at $4.3025/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.525/bushel, up $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.905/bushel, down $0.08 from yesterday's close. Dec 24 Soymeal closed at $289.4/short ton, up $0.8 from yest...
Summary of Futures
Dec 24 Corn closed at $4.2725/bushel, down $0.02 from yesterday's close. Dec 24 Wheat closed at $5.4975/bushel, up $0.025 from yesterday's close. Jan 25 Soybeans closed at $9.985/bushel, down $0.1125 from yesterday's close. Dec 24 Soymeal closed at $288.6/short ton, down $1.7 fro...
Summary of Futures
Dec 24 Corn closed at $4.24/bushel, up $0.05 from yesterday's close. Dec 24 Wheat closed at $5.365/bushel, up $0.0625 from yesterday's close. Jan 25 Soybeans closed at $9.985/bushel, up $0.11 from yesterday's close. Dec 24 Soymeal closed at $289.6/short ton, up $2.6 from yesterda...
Summary of Futures
Dec 24 Corn closed at $4.3025/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.525/bushel, up $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.905/bushel, down $0.08 from yesterday's close. Dec 24 Soymeal closed at $289.4/short ton, up $0.8 from yest...
Summary of Futures
Dec 24 Corn closed at $4.2725/bushel, down $0.02 from yesterday's close. Dec 24 Wheat closed at $5.4975/bushel, up $0.025 from yesterday's close. Jan 25 Soybeans closed at $9.985/bushel, down $0.1125 from yesterday's close. Dec 24 Soymeal closed at $288.6/short ton, down $1.7 fro...
Summary of Futures
Dec 24 Corn closed at $4.24/bushel, up $0.05 from yesterday's close. Dec 24 Wheat closed at $5.365/bushel, up $0.0625 from yesterday's close. Jan 25 Soybeans closed at $9.985/bushel, up $0.11 from yesterday's close. Dec 24 Soymeal closed at $289.6/short ton, up $2.6 from yesterda...
Summary of Futures
Dec 24 Corn closed at $4.19/bushel, down $0.075 from yesterday's close. Dec 24 Wheat closed at $5.3025/bushel, down $0.1075 from yesterday's close. Jan 25 Soybeans closed at $9.875/bushel, down $0.2025 from yesterday's close. Dec 24 Soymeal closed at $287/short ton, down $4.6 fro...
Energy
Summary of Futures
Dec 24 Corn closed at $4.3025/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.525/bushel, up $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.905/bushel, down $0.08 from yesterday's close. Dec 24 Soymeal closed at $289.4/short ton, up $0.8 from yest...
Summary of Futures
Dec 24 Corn closed at $4.2725/bushel, down $0.02 from yesterday's close. Dec 24 Wheat closed at $5.4975/bushel, up $0.025 from yesterday's close. Jan 25 Soybeans closed at $9.985/bushel, down $0.1125 from yesterday's close. Dec 24 Soymeal closed at $288.6/short ton, down $1.7 fro...
Summary of Futures
Dec 24 Corn closed at $4.2925/bushel, up $0.0525 from yesterday's close. Dec 24 Wheat closed at $5.4725/bushel, up $0.1075 from yesterday's close. Jan 25 Soybeans closed at $10.0975/bushel, up $0.1125 from yesterday's close. Dec 24 Soymeal closed at $290.3/short ton, up $0.7 from...
Summary of Futures
Dec 24 Corn closed at $4.3025/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.525/bushel, up $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.905/bushel, down $0.08 from yesterday's close. Dec 24 Soymeal closed at $289.4/short ton, up $0.8 from yest...
Summary of Futures
Dec 24 Corn closed at $4.2725/bushel, down $0.02 from yesterday's close. Dec 24 Wheat closed at $5.4975/bushel, up $0.025 from yesterday's close. Jan 25 Soybeans closed at $9.985/bushel, down $0.1125 from yesterday's close. Dec 24 Soymeal closed at $288.6/short ton, down $1.7 fro...
Summary of Futures
Dec 24 Corn closed at $4.2925/bushel, up $0.0525 from yesterday's close. Dec 24 Wheat closed at $5.4725/bushel, up $0.1075 from yesterday's close. Jan 25 Soybeans closed at $10.0975/bushel, up $0.1125 from yesterday's close. Dec 24 Soymeal closed at $290.3/short ton, up $0.7 from...
CFTC COT Report Analysis
The major finding of Friday’s CFTC report is that funds are increasingly and somewhat aggressively bullish corn as they rapidly expanded a small long into a near-100,000 contract bullish position. Over the period 5 through 12 November, funds bought over 96,000 contracts, which is the 11th large...
Softs
CFTC COT Report Analysis
The major finding of Friday’s CFTC report is that funds are increasingly and somewhat aggressively bullish corn as they rapidly expanded a small long into a near-100,000 contract bullish position. Over the period 5 through 12 November, funds bought over 96,000 contracts, which is the 11th large...
USA Gone Nuts
While oilseeds receive much of the attention, tree nuts, which are technically a seed and containing oil, have gone even more gangbusters for U.S. producers in recent years. Almonds have received much of the focus as the U.S. produces nearly 80 percent of the crop and a comparable share of the...
CFTC COT Report Analysis
The major finding of Friday’s CFTC report was the confirmation that funds have officially flipped their formerly massive net short in corn to a net long. After buying back nearly 40,000 contracts last week, funds now sit long 3,035 contracts as of 5 November, a position which was extended signi...
CFTC COT Report Analysis
The major finding of Friday’s CFTC report is that funds are increasingly and somewhat aggressively bullish corn as they rapidly expanded a small long into a near-100,000 contract bullish position. Over the period 5 through 12 November, funds bought over 96,000 contracts, which is the 11th large...
USA Gone Nuts
While oilseeds receive much of the attention, tree nuts, which are technically a seed and containing oil, have gone even more gangbusters for U.S. producers in recent years. Almonds have received much of the focus as the U.S. produces nearly 80 percent of the crop and a comparable share of the...
CFTC COT Report Analysis
The major finding of Friday’s CFTC report was the confirmation that funds have officially flipped their formerly massive net short in corn to a net long. After buying back nearly 40,000 contracts last week, funds now sit long 3,035 contracts as of 5 November, a position which was extended signi...
CFTC COT Report Analysis
Through 29 October, funds continued their aggressive short covering in the corn market with strong export sales justifying the move. Funds reduced their net short position by about 60 percent last week, and now hold a relatively small position of 35,000 contracts short. The continued exit from...
Macroeconomics
China-Brazil Bilateral at the G20 Summit: New Deals to Be Announced
The G20 meets in Rio de Janeiro this week, and Presidents Luiz Inacio “Lula” da Silva of Brazil and Xi Jinping of China have a bilateral side meeting on their respective calendars. The agenda is focused on promoting development strategies between China and Brazil.Brazil’s Ag Minister Carlos Fav...
Farm Bill Deficiencies; Transatlantic Tensions; GMO Correction
Farm Bill DeficienciesU.S. Senate Democrats have finally laid down their marker in a bicameral negotiation over a farm bill renewal. In it, Democrats conceded to a House Republican initiative to double spending on export promotion programs. However, they did not accept the Republican position t...
Agriculture Committees in the 119th Congress
With the Republicans maintaining control of the House, Representative G.T. Thompson (R-PA) will retain the gavel as committee chairman, unless he is nominated for Secretary of Agriculture by President-elect Trump. Thompson’s name has been mentioned more frequently as of late as a potential nomi...
China-Brazil Bilateral at the G20 Summit: New Deals to Be Announced
The G20 meets in Rio de Janeiro this week, and Presidents Luiz Inacio “Lula” da Silva of Brazil and Xi Jinping of China have a bilateral side meeting on their respective calendars. The agenda is focused on promoting development strategies between China and Brazil.Brazil’s Ag Minister Carlos Fav...
Farm Bill Deficiencies; Transatlantic Tensions; GMO Correction
Farm Bill DeficienciesU.S. Senate Democrats have finally laid down their marker in a bicameral negotiation over a farm bill renewal. In it, Democrats conceded to a House Republican initiative to double spending on export promotion programs. However, they did not accept the Republican position t...
Agriculture Committees in the 119th Congress
With the Republicans maintaining control of the House, Representative G.T. Thompson (R-PA) will retain the gavel as committee chairman, unless he is nominated for Secretary of Agriculture by President-elect Trump. Thompson’s name has been mentioned more frequently as of late as a potential nomi...
RFK, Jr. Equals Opportunity; Quarter Century of GMO’s
RFK, Jr. Equals OpportunityRobert F. Kennedy, Jr. wants to eliminate processed foods, artificial colorings, chemicals, and other broadly named boogeymen. He and his ilk are social media trolls that disparage the regulated and regulators alike, fabricating conspiracy theories about Big Food want...
Pulses
Year of the Pulse
The International Grains Council (IGC) announced that it will include pulses in its definition of grains and expand market information on these products. Trade in pulses has been increasing as they grow in stature as a staple food and plant-based protein. The pod-based seeds of the legume famil...
An IPO-Level Look at the Veggie Burger Sector
Beyond Meat, the maker of a vegetable protein meat alternative product, is preparing for an IPO. It will be offering 8.75 million shares at $19-21, which would raise $175 million at the mid-point price. The company’s cornerstone product is the Beyond Burger, which is now available at a nu...
Indian Subcontinent Regional Analysis
Higher Early Sugar Production and Slow Exports Could Pressure Prices Due to the early start of the 2018/19 sugarcane crushing season, Indian sugar mills were able to produce 21.93 MMT of sugar as of 15 February 2019 versus 20.36 MMT at the same point a year ago, an increase of 7.71 percent. Ano...
Year of the Pulse
The International Grains Council (IGC) announced that it will include pulses in its definition of grains and expand market information on these products. Trade in pulses has been increasing as they grow in stature as a staple food and plant-based protein. The pod-based seeds of the legume famil...
An IPO-Level Look at the Veggie Burger Sector
Beyond Meat, the maker of a vegetable protein meat alternative product, is preparing for an IPO. It will be offering 8.75 million shares at $19-21, which would raise $175 million at the mid-point price. The company’s cornerstone product is the Beyond Burger, which is now available at a nu...
Indian Subcontinent Regional Analysis
Higher Early Sugar Production and Slow Exports Could Pressure Prices Due to the early start of the 2018/19 sugarcane crushing season, Indian sugar mills were able to produce 21.93 MMT of sugar as of 15 February 2019 versus 20.36 MMT at the same point a year ago, an increase of 7.71 percent. Ano...
Indian Subcontinent Regional Analysis
Sugar Production Estimates Lowered Based on new satellite survey data from the Indian Sugar Mills Association’s (ISMA’s) satellite survey of sugarcane plantings, the sugar production estimate has been decreased from 31.5 MMT to 30.7 MMT. That is 4.3 MMT or 12.28 percent lower than t...
Freight
FOB Prices and Freight Rates App (Updated 20 November)
Ocean Freight Comments - 15 November 2024By Matt HerringtonDry bulk freight markets were mixed this week with Capes rising while Supramax vessel rates declined yet again. The Capesize sector found support from China’s recent efforts to stockpile coal and iron ore, but this support has not yet t...
The Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN, MIDDLE EAST, NORTH AFRICA, AFRICA – MEA REGIONAfrica spends $75 billion every year importing cereals according to the African Development Bank – 50 MMT being wheat – 27 MMT imported by North Africa, 12 MMT by East Africa and 9 MMT by West Africa. Wheat...
Interactive Ocean Freight Rates (Updated 9 August)
*** Developer Note ***This app is deprecated as of 13 August 2024 and will no longer be updated. Ocean Freight Comments - 9 August 2024By Matt HerringtonDry-bulk markets continue to chop sideways with gains one week yielding losses the next before gains emerge again. This past week was one...
FOB Prices and Freight Rates App (Updated 20 November)
Ocean Freight Comments - 15 November 2024By Matt HerringtonDry bulk freight markets were mixed this week with Capes rising while Supramax vessel rates declined yet again. The Capesize sector found support from China’s recent efforts to stockpile coal and iron ore, but this support has not yet t...
The Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN, MIDDLE EAST, NORTH AFRICA, AFRICA – MEA REGIONAfrica spends $75 billion every year importing cereals according to the African Development Bank – 50 MMT being wheat – 27 MMT imported by North Africa, 12 MMT by East Africa and 9 MMT by West Africa. Wheat...
Interactive Ocean Freight Rates (Updated 9 August)
*** Developer Note ***This app is deprecated as of 13 August 2024 and will no longer be updated. Ocean Freight Comments - 9 August 2024By Matt HerringtonDry-bulk markets continue to chop sideways with gains one week yielding losses the next before gains emerge again. This past week was one...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s Ministry of Supply expects to receive 3.5 MMT of local wheat during the 2024 harvest that begins in April. In 2023, about 4 MMT was received by the government. Egypt has increased the purchase price...