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Phone: +33.6.8068.4564
Email: wbacon@hammersmith.biz
WWW: hammersmithltd.blogspot.com
WEEKLY USA GRAIN AND PROTEIN REPORT April 20, 2024
US spring wheat moved higher by USD 3 to 5 m/t while US winter wheat was about unchanged on the week.
The stronger day for prices on Friday was all tied to the Middle East problems according to trade reports. Also, both corn and soybeans were helped higher by the US government’s decision on allowing E15 blending in gasoline in the June September period when it is normally not allowed. The government says that the decision is “in the public interest”.
Soybeans are in the between trends period according to trade reports with the large South American crops being bearish while the higher USA soybean crush is bullish.
USA spring wheat prices were higher based on continued dry weather in the wheat belt. However, winter wheat prices did slip a little on poor export sales numbers. So far, the mid-west lack of rainfall has not done much to move US winter wheat prices higher --- everyone just seems to be watching the poor demand numbers.
Estimated Bulk Grain Freight in USD per m/t, basis heavy grains.
US Gulf to Europe: Panamax | $27.00 | Up $1.00 | X |
$27.00 | Up $1.00 | X | |
US Gulf Israel: Panamax m/t | $25.00 | Up $1.00 | X |
US Gulf to Egypt: Panamax | $25.00 | Up $1.00 | X |
US Gulf Turkey: Panamax m/t | $26.00 | Up $1.00 | X |
US Gulf Morocco: Handi | $39.00 | Steady | X |
US Gulf Algeria/Tunisia: Handi | $40.00 | Steady | X |
$36.00 | Steady | X | |
US Gulf other Med: Handi | $41.00 | Steady | X |
US Gulf South Africa: Handi | $41.00 | Steady | X |
US Gulf India : Panamax | $51.00 | Steady | X |
US Gulf to Philippines: Panamax | $52.00 | Steady | X |
US Gulf Japan: Panamax | $54.00 | Up $2.00 | X |
US Gulf China: Panamax | $53.00 | Up $2.00 | X |
US PNW Egypt: Panamax via Panama | $48.00 | Up $1.00 | X |
US PNW South Africa – 40,000 m/t | $65.00 | Steady | X |
US PNW Philippines: Panamax | $34.00 | Steady | X |
US PNW Japan: Panamax | $28.00 | Up $2.00 | X |
US PNW China: Panamax | $27.00 | Up $2.00 | x |
US East Coast Nigeria: Handisize | $45.00 | Steady | X |
US Lakes – Europe – 30,000 m/t | $52.00 | Up $1.00 | X |
US Lakes – Morocco – 30,000 m/t | $58.00 | Up $1.00 | X |
France/Germany to Algeria: Handi | $32.00 | Steady | |
France/Germany to China: Panamax | $72.00 | Down $1.00 | |
France/Germany to Egypt: Panamax | $34.00 | Steady | |
France/Germany to Iran: Panamax | $42.00 | Steady | |
France/Germany to Jordan | $42.00 | Up $2.00 | |
France/Germany to Morocco: Handi | $31.00 | Steady | |
France/Germany to Saudi Arabia: Panamax | $65.00 | Steady | |
France/Germany to Turkey: Handi | $35.00 | Steady | |
France/Germany to Yemen: Handi | $66.00 | Steady | |
Argentina to Algeria: Handi | $62.00 | Steady | |
Argentina to China: Panamax | $54.00 | Up $3.00 | |
Argentina to Japan: Panamax | $55.00 | Up $3.00 | |
Argentina to Egypt: Panamax | $53.00 | Steady | |
Argentina to Europe: Panamax | $26.00 | Steady | |
Argentina to Morocco: Handi | $61.00 | Steady | |
Argentina to Libya: Handi | $62.00 | Steady | |
Argentina to Jordan: Panamax | $55.00 | Steady | |
Argentina to Saudi Arabia: Panamax | $63.00 | Steady | |
Argentina to Iran: Panamax | $61.00 | Steady | |
Argentina to Indonesia: Panamax | $58.00 | Steady | |
Argentina to South Africa: Panamax | $35.00 | Steady | |
Argentina to Kenya: Handi | $57.00 | Steady | |
Argentina to Spain: Panamax | $26.00 | Steady | |
Argentina to Tunisia: Handi | $62.00 | Steady | |
Brazil to Algeria/Tunisia: Handi | $50.00 | Steady | |
Brazil to China: Panamax | $49.00 | Up $1.00 | |
Brazil to Japan: Panamax | $50.00 | Up $1.00 | |
Brazil to South Korea: Panamax | $48.00 | Steady | |
Brazil to Europe: Panamax | $39.00 | Steady | |
Brazil to Morocco: Handi | $49.00 | Steady | |
Brazil to Iran: Panamax | $61.00 | Steady | |
Brazil to Saudi Arabia 30/40,000 m/t | $64.00 | Steady | |
Brazil to Spain: Panamax | $39.00 | Steady | |
Brazil to Turkey/Egypt: Panamax | $59.00 | Steady | |
Australia to Saudi: Panamax | $58.00 | Up $1.00 | |
Australia to Europe: Panamax | $67.00 | Up $1.00 | |
South Africa to Italy -- Handisize | $46.00 | Steady | |
South Africa to Turkey – Handisize | $47.00 | Steady | |
South Africa to Japan – Handisize | $42.00 | Up $1.00 | |
South Africa to China -- Handisize | $43.00 | Up $1.00 | |
Black Sea freight | |||
Black Sea to China: Panamax | $65 Russia | Ukraine $61 | |
Black Sea to Indonesia: Panamax | $59 Russia | Ukraine $77 | |
Black Sea to Egypt: 40/50,000 | $21 Russia | Ukraine $30 | |
Black Sea to Egypt: 30,000 | $23 Russia | Ukraine $28 | |
Black Sea to Iran: Panamax | $58 Russia | Ukraine $61 | |
Black Sea to Europe: Panamax | $27 Russia | Ukraine $35 | |
Black Sea to Morocco – Handi | $32 Russia | Ukraine $41 | |
Black Sea to Tunisia/Algeria – Handi | $31 Russia | Ukraine $40 | |
Black Sea to Jordan: Panamax | $37 Russia | Ukraine $52 | |
Black Sea to Libya – Handi | $32 Russia | Ukraine $41 | |
Black Sea to Saudi: Panamax | $50 Russia | Ukraine $70 | |
Black Sea to Turkey – Handi | $21 Russia | Ukraine $26 | |
Black Sea to South Africa – Handi | $55.00 | Down $2.00 | |
Russia to Turkey (Izmir)– coaster 5,000 m/t | $40.00 | Steady | |
Russia to Egypt – coaster 5,000 m/t | $66.00 | Steady | |
Ukraine to Turkey – coaster 5,000 m/t | $65.00 | Steady | |
Ukraine to Egypt – coaster 5,000 m/t | $65.00 | Steady | |
Baltic Dry Index | 1919 | Up 190 | |
Baltic Capesize Index | 2839 | Up 287 | |
Baltic Panamax Index | 1916 | Up 203 | |
Baltic Supramax Index | 1394 | Up 122 | |
Baltic Handisize Index | 722 | Up 19 | |
Global Container Index - Freightos | 2498 | Down 154 | |
|
All shipments in bulk grain vessels unless stated otherwise.
(NOLA is New Orleans, Louisiana, USA.)
FOB port or location specified. Prices in US$, in metric tons:
ALL PRICES ARE FOR April 2024/June 2024
Wheat, USA Soft Red Winter, US Gulf | USD 221<<228 July | |
Wheat, USA Hard Red Winter 11 protein, US Gulf | USD 250<<257 July | |
Wheat, Ukraine 11.5 pro, 30,000+ m/t | USD 200>>195 July | |
Wheat, Russia 12.5 pro, 30,000+ m/t | USD 210>>205 July | |
Wheat, Romania 12.5 pro | USD 215<<220 July | |
Wheat, Superior, France, Rouen | USD 218/221 Spot | |
Wheat, milling, 12.0%, Argentina, Upriver | USD 240<<245 July | |
Wheat, feed, Black Sea | USD 180/190 | |
Barley, France, Rouen port | USD 210/215 | |
Barley, feed, Argentina, upriver | USD 205/210 | |
Barley, feed, Black Sea, 30,000+ | USD 180/185 | |
Barley, feed, Australia | USD 240/245 | |
Corn, 2YC FOB NOLA USA | USD 190<<195 July | |
Corn, 3YC FOB USA Pacific northwest | USD 215<<220 July | |
Corn, FOB Argentina port, upriver | USD 195>>190 July | |
Corn, FOB Brazil port | USD 205>>195 July | |
Corn, FOB France – Atlantic | USD 216<<220 July | |
Corn, FOB Romania | USD 190<<195 July | |
Corn, FOB Russia | USD 175<<180 July | |
Corn, FOB Ukraine, 30,000+ m/t | USD 175<<180 July | |
Sorghum, FOB Argentina port | USD 265/275 | |
Sorghum, FOB Texas | USD 248<<252 July | |
Soymeal, 48% protein, FOB NOLA | USD 405>>400 July | |
Soymeal, 48% protein, USA, Rotterdam | USD 435>>430 July | |
Soymeal, 47% pro, FOB Argentina | USD 390>>385 July | |
Soymeal, 48% protein, Brazil, Rotterdam – spot | USD 425/430 | |
Soymeal, 48% protein, FOB Brazil | USD 380<<385 July | |
Soybeans, FOB NOLA | USD 445<<450 July | |
Soybeans, Argentina, FOB | USD 425<<435 July | |
Soybeans, Brazil, FOB | USD 430>>440 July | |
Soybeans, Black Sea | USD 425<<430 July | |
Corn Gluten Meal, USA FOB NOLA | USD 540/550 | |
Corn Gluten Feed, USA FOB NOLA | USD 190/200 | |
DDGS corn, 35 profat, USA FOB NOLA | USD 200/210 | |
SECTION 2 --- FISHMEAL COMMENTS AND PRICES: PERUVIAN “INDICATION” FISHMEAL PRICES:
All the major fishmeal people were in Miami this week for the IFFO meeting with the result that there were no weekly industry reports issued ---- there will be lots more info next week.
Perhaps in anticipation of good fishing in Peru, the price of fishmeal in Europe weakened by about USD 20 m/t this week.
The first week of fishing in the North/Central region in Peru looked quite good with the first three days of fishing showing 140,000 m/t of catch which will yield just over 31,000 m/t of fishmeal and 3,500 m/t of fishoil.
European fishmeal prices – FOB North German port.
Type | Protein % | Price per m/t USD |
Standard Herring | 64% protein | 1,710 |
Danish standard fishmeal | 71% protein | 1,880 |
Peru fishmeal | 65% protein | 1,770 |
Chile fishmeal | 66% protein | 1,820 |
Iceland fishmeal | 71% protein | 1,850 |
ALL PRICES SHOWN ARE IN CONTAINER, ON VESSEL, AT ORIGIN --- US DOLLARS
Minimum shipment of 200 m/t for fishmeal
Specification | Price per m/t FOB Vessel Peru port | Price per m/t Chile port |
65% protein standard steam | 1550/1570 | |
67% protein 150 TVN | 1620/1640 | |
67% protein 120 TVN | 1700/1720 | 1720/1740 |
67% protein 1000 hist, 120 TVN | 1800/1820 | 1850/1870 |
68% protein 500 hist, 100 TVN | 1900/1920 | 1930/1950 |
Fish oil, crude bulk | No prices | 5,000 |
Fish oil, crude drums | No prices | No prices |
Fish oil, flexi tank | No prices | No prices |
Fish oil, Omega 3: 28%EPA/DHA | 12,000+ | No prices |
INFORMATION: gtee = guarantee, TVN = total volatile nitrogen, hist = histamine
Copyright © 2024 Wayne S. Bacon
