St Remy De Provence, 13210 France
Phone: +33.6.8068.4564
Email: wbacon@hammersmith.biz
WWW: hammersmithltd.blogspot.com
WEEKLY USA GRAIN AND PROTEIN REPORT – May 02, 2026
USA corn prices moved higher by about USD 6 MT this week with soybeans rallying by USD 10 MT --- soymeal prices were only about USD 3 MT higher. US winter wheat moved up by about USD 10 MT with spring wheat up by about USD 5 or 6 MT.
Trade comments were that corn and soybean prices were higher due to weather being a tad to cool for the newly planted crops.
US weather doesn’t look bad at all for crops with light rain seen for the next few days with heavier than normal rainfall later in May. However, some trade reports do say that the spread of rainfall is not enough to cover all the drought areas, especially for wheat. Corn and soybean planting is getting close to 60% completed.
There was a press report saying that 81% of farmers feel that Trump actions are pushing them toward losses --- higher crop input costs, increased fuel costs and dropping export markets are main concerns. One can speculate that the farmer comments on exports are mainly due to China as many other countries are well ahead in export buying. US corn and wheat have certainly not had a bad year while soybeans and sorghum suffered due to the changed situation in China.
As an interesting note from this week’s publications ---- US soymeal production for the year is up by 10%, DDGS production up by 5%, corn gluten feed up by 12.5% with corn gluten meal production up by only 0.5%.
Estimated Bulk Grain Freight in USD per MT, basis heavy grains.
US Gulf to Europe: Panamax
|
$26.00
|
Down $2.00
|
$26.00
|
Down $2.00
|
|
US Gulf Israel: Panamax
|
$41.00
|
Down $1.00
|
US Gulf to Egypt: Panamax
|
$41.00
|
Down $1.00
|
US Gulf Turkey: Panamax
|
$42.00
|
Down $1.00
|
US Gulf Morocco: Handi
|
$41.00
|
Down $1.00
|
US Gulf Algeria/Tunisia: Handi
|
$42.00
|
Down $1.00
|
$44.00
|
Down $1.00
|
|
US Gulf other Med: Handi
|
$43.00
|
Down $1.00
|
US Gulf South Africa: Handi
|
$51.00
|
Up $1.00
|
US Gulf India : Panamax
|
$52.00
|
Steady
|
US Gulf to Philippines: Panamax
|
$52.00
|
Steady
|
US Gulf Japan: Panamax
|
$67.00
|
Steady
|
US Gulf China: Panamax
|
$65.00
|
Steady
|
US PNW Egypt: Panamax via Panama
|
$50.00
|
Up $1.00
|
US PNW South Africa – 40,000 MT
|
$60.00
|
Steady
|
US PNW Philippines: Panamax
|
$36.00
|
Steady
|
US PNW Japan: Panamax
|
$35.00
|
Down $1.00
|
US PNW China: Panamax
|
$34.00
|
Down $1.00
|
US East Coast Nigeria: Handisize
|
$41.00
|
Steady
|
US Lakes – Europe – 30,000 MT
|
$57.00
|
Up $3.00
|
US Lakes – Morocco – 30,000 MT
|
$63.00
|
Up $3.00
|
|
|
|
France/Germany to Algeria: Handi
|
$33.00
|
Steady
|
France/Germany to Bangladesh 40,000 MT
|
$54.00
|
Steady
|
France/Germany to China: Panamax
|
$70.00
|
Steady
|
France/Germany to Egypt: Panamax
|
$34.00
|
Down $1.00
|
France/Germany to India: Panamax
|
$56.00
|
Down $1.00
|
France/Germany to Iran: Panamax
|
N/A
|
|
France/Germany to Jordan: Panamax
|
$41.00
|
Steady
|
France/Germany to Morocco: Handi
|
$32.00
|
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
|
$41.00
|
Up $2.00
|
Argentina to China: Panamax
|
$54.00
|
Steady
|
Argentina to Japan: Panamax
|
$55.00
|
Steady
|
Argentina to Egypt: Panamax
|
$54.00
|
Steady
|
Argentina to Europe: Panamax
|
$43.00
|
Steady
|
Argentina to Morocco: Handi
|
$40.00
|
Up $2.00
|
Argentina to Libya: Handi
|
$42.00
|
Up $2.00
|
Argentina to Jordan: Panamax
|
$58.00
|
Steady
|
Argentina to Saudi Arabia: Panamax
|
$65.00
|
Steady
|
Argentina to Iran: Panamax
|
N/A
|
|
Argentina to Indonesia: Panamax
|
$60.00
|
Steady
|
Argentina to South Africa: Panamax
|
$38.00
|
Steady
|
Argentina to Kenya: Handi
|
$57.00
|
Up $1.00
|
Argentina to Spain: Panamax
|
$43.00
|
Steady
|
Argentina to Tunisia: Handi
|
$41.00
|
Up $2.00
|
|
|
|
Brazil to Algeria/Tunisia: Handi
|
$37.00
|
Steady
|
Brazil to China: Panamax
|
$52.00
|
Steady
|
Brazil to Japan: Panamax
|
$53.00
|
Steady
|
Brazil to South Korea: Panamax
|
$48.00
|
Steady
|
Brazil to Europe: Panamax
|
$37.00
|
Steady
|
Brazil to Morocco: Handi
|
$36.00
|
Steady
|
Brazil to Iran: Panamax
|
N/A
|
|
Brazil to Saudi Arabia 30/40,000 MT
|
$64.00
|
Steady
|
Brazil to Spain: Panamax
|
$37.00
|
Steady
|
Brazil to Turkey/Egypt: Panamax
|
$59.00
|
Steady
|
|
|
|
Australia to Saudi: Panamax
|
$42.00
|
Steady
|
Australia to Europe: Panamax
|
$53.00
|
Steady
|
|
|
|
South Africa to Italy -- Handisize
|
$46.00
|
Steady
|
South Africa to Turkey – Handisize
|
$47.00
|
Steady
|
South Africa to Japan – Handisize
|
$43.00
|
Steady
|
South Africa to China -- Handisize
|
$43.00
|
Steady
|
|
|
|
Black Sea freight
|
|
|
Black Sea to China: Panamax
|
$48 Russia
|
Ukraine $57
|
Black Sea to Indonesia: Panamax
|
$59 Russia
|
Ukraine $64
|
Black Sea to Bangladesh: Panamax
|
$48 Russia
|
N/A
|
Black Sea to Egypt: 40/50,000
|
$22 Russia
|
Ukraine $28
|
Black Sea to Egypt: 30,000
|
$24 Russia
|
Ukraine $27
|
Black Sea to Iran: Panamax
|
$64 Russia
|
Ukraine $72
|
Black Sea to Europe: Panamax
|
$28 Russia
|
Ukraine $24
|
Black Sea to East Spain -- Panamax
|
$23 Russia
|
Ukraine $19
|
Black Sea to Morocco – Handi
|
$31 Russia
|
Ukraine $29
|
Black Sea to Tunisia/Algeria – Handi
|
$30 Russia
|
Ukraine $28
|
Black Sea to Jordan: Panamax
|
$28 Russia
|
Ukraine $30
|
Black Sea to Libya – Handi
|
$31 Russia
|
Ukraine $29
|
Black Sea to Saudi: Panamax
|
$45 Russia
|
Ukraine $49
|
Black Sea to Turkey – Handi
|
$22 Russia
|
Ukraine $28
|
Black Sea to South Africa – Handi
|
$55 Russia
|
N/A
|
Black Sea to Nigeria – Handi
|
N/A
|
Ukraine $45
|
|
|
|
Russia to Turkey (Izmir)– coaster 5,000 MT
|
$35.00
|
Down $6.00
|
Russia to Egypt – coaster 5,000 MT
|
$55.00
|
Down $2.00
|
Ukraine to Turkey – coaster 5,000 MT
|
No info
|
|
Ukraine to Egypt – coaster 5,000 MT
|
No info
|
|
|
|
|
|
|
|
Baltic Dry Index
40% Capesize, 30% Panamax, 30% Supermax
|
2730
|
Up 65
|
Baltic Capesize Index
|
4447
|
Up 165
|
Baltic Panamax Index
|
2002
|
Up 42
|
Baltic Supramax Index
|
1520
|
Down 15
|
Baltic Handisize Index
|
815
|
Up 28
|
|
|
|
Freightos/Baltic Container Index
|
1926
|
Down 9
|
|
|
|
|
|
|
All shipments in bulk grain vessels unless stated otherwise.
(NOLA is New Orleans, Louisiana, USA.)
FOB port or location specified. Prices in US$, in metric tons:
ALL PRICES ARE FOR June 2026/August 2026
Wheat, USA Soft Red Winter, US Gulf
|
USD 263>>260
|
Wheat, USA Hard Red Winter 11 protein, US Gulf
|
USD 299<<302
|
Wheat, Ukraine 11.5 pro, 30,000+ MT
|
USD 230<<235
|
Wheat, Russia 12.5 pro, 30,000+ MT
|
USD 240>>235
|
Wheat, Romania 12.5 pro
|
USD 240<<245
|
Wheat, Superior, France
|
USD 234/237 spot
|
Wheat, milling, 12.0%, Argentina, Upriver
|
USD 225<<235
|
Wheat, feed, Black Sea
|
USD 230>>225
|
|
|
Barley, France, Rouen port
|
USD 232/235 spot
|
Barley, feed, Argentina, upriver
|
USD 240/245
|
Barley, feed, Black Sea, 30,000+
|
USD 235/240
|
Barley, feed, Australia
|
USD 280/285
|
|
|
Corn, 2YC FOB NOLA USA
|
USD 225<<230
|
Corn, 3YC FOB USA Pacific northwest
|
USD 235<<240
|
Corn, FOB Argentina port, upriver
|
USD 215<<220
|
Corn, FOB Brazil port
|
USD 235>>230
|
Corn, FOB France
|
USD 271/274 Spot
|
Corn, FOB Romania
|
USD 245>>230
|
Corn, FOB Russia
|
USD 225>>215
|
Corn, FOB Ukraine, 30,000+ MT
|
USD 233<<236
|
Sorghum, FOB Argentina port
|
USD 240>>210
|
Sorghum, FOB Texas
|
USD 235<<240
|
|
|
Soymeal, 48% protein, FOB NOLA
|
USD 400>>375
|
Soymeal, 48% protein, USA, Rotterdam
|
USD 430<<405
|
Soymeal, 47% pro, FOB Argentina
|
USD 350>>340
|
Soymeal, 48% protein, FOB Brazil
|
USD 360>>340
|
|
|
Soybeans, FOB NOLA
|
USD 480>>470
|
Soybeans, Argentina, FOB
|
USD 440<<465
|
Soybeans, Brazil, FOB
|
USD 445<<465
|
Soybeans, Black Sea
|
USD 445<<455
|
|
|
Corn Gluten Meal, USA FOB NOLA
|
USD 660>>650
|
Corn Gluten Feed, USA FOB NOLA
|
USD 185>>180
|
DDGS corn, 35 profat, USA FOB NOLA
|
USD 265>>260
|
SECTION 2 --- FISHMEAL COMMENTS AND PRICES: PERUVIAN “INDICATION” FISHMEAL PRICES:
There was very little fishing in the North/Central region this week due to fishing bans caused by very high juvenile count. Total catch is now at 439,700 MT which leaves 1.4743 million MT on the quota. The South region also saw very little fishing with the total landed now at 154,400 MT.
The IFFO conference was on in Madrid for much of the week and reports say that it was very well attended but also that there has not been much new business done ---- too much concern over the low catch numbers.
Both buyers and sellers are concerned about the low catch levels in the North/Central region and there is more talk of the possibility that the full quota won’t be landed. Demand remains very high for fishmeal and prices are at or near record levels but sellers are not strong sellers due to the fishing. It certainly doesn’t look like there will be any easing in prices – at least not until the fishing picks up a great deal.
Fishmeal prices in China are also very strong and the China trade expects price to continue higher.
European fishmeal prices – FOB North German port.
Type
|
Protein %
|
Price per
MT USD
|
Standard Herring
|
64% protein
|
$2000
|
Danish standard fishmeal
|
71% protein
|
$2910
|
Peru fishmeal
|
65% protein
|
$2600
|
Chile fishmeal
|
67% protein
|
$2550
|
Iceland fishmeal
|
71% protein
|
$2990
|
ALL PRICES SHOWN ARE IN CONTAINER, ON VESSEL, AT ORIGIN --- US DOLLARS
Minimum shipment of 200 MT for fishmeal
Specification
|
Price per MT FOB Vessel Peru port
|
Price per MT
Chile port
|
|
Next fishing season
|
|
65% protein standard steam
|
2320/2340
|
|
66% protein 120 TVN
|
2370/2390
|
|
67% protein 150 TVN
|
2420/2440
|
|
67% protein 120 TVN
|
2470/2490
|
2420/2440
|
67% protein 1000 hist, 120 TVN
|
2500/2520
|
2470/2490
|
68% protein 500 hist, 100 TVN
|
2520/2540
|
2520/2540
|
|
|
|
Fish oil, crude bulk – feed grade
|
4500/4600
|
3700/3800
|
Fish oil, crude in drums
|
No prices
|
No prices
|
Fish oil, flexi tank
|
No prices
|
No prices
|
Fish oil, Omega 3: 28%EPA/DHA
|
No prices
|
3800/3900
|
INFORMATION: TVN = total volatile nitrogen, hist = histamine
Copyright © 2026 Wayne S. Bacon
