3
Avenue Marie Gasquet, 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 March 16,
2024
Soybean prices finished the week higher due
to some “uncertainty” about the Brazil soybean crop that appeared during the
week. Soybean prices seem to be trading in a range these days, but it does not
look like there is any trend to higher price levels for now.
Corn prices were up just a little as the week
closed pushed higher experts say by the dry weather seen in the corn belt.
Reports say that it has been the driest winter in 21 years with 72% of the US
Midwest being very dry.
USA wheat prices continued to move lower as
they followed what was happening in all the world’s wheat export markets. Major
wheat importing countries have been out of the market as they expect even lower
prices to come.
Estimated Bulk
Grain Freight in USD per m/t, basis heavy grains.
US Gulf to
Europe: Panamax |
$27.00 |
Up $1.00 |
|
$27.00 |
Up $1.00 |
|
|
US Gulf Israel: Panamax m/t |
$25.00 |
Down $1.00 |
|
US Gulf to Egypt: Panamax
|
$25.00 |
Down $1.00 |
|
US Gulf Turkey: Panamax
m/t |
$26.00 |
Down
$1.00 |
|
US Gulf Morocco: Handi |
$40.00 |
Up
$1.00 |
|
US
Gulf Algeria/Tunisia: Handi |
$41.00 |
Up
$1.00 |
|
$38.00 |
Down $5.00 |
|
|
US Gulf other Med: Handi |
$42.00 |
Up
$1.00 |
|
US
Gulf South Africa: Handi |
$41.00 |
Steady |
|
US
Gulf to Philippines: Panamax |
$52.00 |
Steady |
|
US
Gulf Japan: Panamax |
$54.00 |
Up
$3.00 |
|
US
Gulf China: Panamax |
$53.00 |
Up
$3.00 |
|
US PNW
Egypt: Panamax via Panama |
$47.00 |
New |
|
US PNW
South Africa – 40,000 m/t |
$65.00 |
Steady |
|
US PNW
Philippines: Panamax |
$36.00 |
Down
$3.00 |
|
US PNW
Japan: Panamax |
$28.00 |
Up
$2.00 |
|
US PNW
China: Panamax |
$27.00 |
Up
$2.00 |
|
US
East Coast Nigeria: Handisize |
$45.00 |
Steady |
|
US Lakes – Europe – 30,000 m/t |
$00.00 |
Closed |
|
US
Lakes – Morocco – 30,000 m/t |
$00.00 |
Closed |
|
|
|
|
|
France/Germany to Algeria: Handi |
$32.00 |
Steady |
|
France/Germany
to China: Panamax |
$74.00 |
Down
$1.00 |
|
France/Germany
to Egypt: Panamax |
$34.00 |
Steady |
|
France/Germany
to Iran: Panamax |
$42.00 |
Down
$1.00 |
|
France/Germany
to Jordan |
$40.00 |
Steady |
|
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
$4.00 |
|
Argentina
to Japan: Panamax |
$55.00 |
Up
$4.00 |
|
Argentina
to Egypt: Panamax |
$53.00 |
Steady |
|
Argentina
to Europe: Panamax |
$29.00 |
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 |
$59.00 |
Steady |
|
Argentina
to South Africa: Panamax |
$35.00 |
Steady |
|
Argentina
to Kenya: Handi |
$57.00 |
Steady |
|
Argentina
to Spain: Panamax |
$29.00 |
Steady |
|
Argentina
to Tunisia: Handi |
$62.00 |
Steady |
|
|
|
|
|
Brazil to Algeria/Tunisia: Handi |
$50.00 |
Steady |
|
Brazil
to China: Panamax |
$52.00 |
Up $3.00 |
|
Brazil
to Japan: Panamax |
$53.00 |
Up $3.00 |
|
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 |
$54.00 |
Up
$1.00 |
|
Australia
to Europe: Panamax |
$63.00 |
Up
$1.00 |
|
|
|
|
|
Black Sea
freight |
|
|
|
Black
Sea to China: Panamax |
$66
Russia |
Ukraine
$65 |
|
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 |
$24
Russia |
Ukraine
$28 |
|
Black
Sea to Iran: Panamax |
$55
Russia |
Ukraine
$63 |
|
Black
Sea to Europe: Panamax |
$27
Russia |
Ukraine
$38 |
|
Black
Sea to Morocco – Handi |
$33
Russia |
Ukraine
$40 |
|
Black
Sea to Tunisia/Algeria – Handi |
$32
Russia |
Ukraine
$39 |
|
Black
Sea to Jordan: Panamax |
$37
Russia |
Ukraine
$52 |
|
Black
Sea to Libya – Handi |
$33
Russia |
Ukraine
$40 |
|
Black
Sea to Saudi: Panamax |
$45
Russia |
Ukraine
$70 |
|
Black
Sea to Turkey – Handi |
$19
Russia |
Ukraine
$25 |
|
|
|
|
|
Black
Sea to South Africa – Handi |
$57.00 |
Steady |
|
|
|
|
|
Russia
to Turkey (Izmir)– coaster 5,000 m/t |
$30.00 |
Down $5.00 |
|
Russia
to Egypt – coaster 5,000 m/t |
$83.00 |
Steady |
|
Ukraine
to Turkey – coaster 5,000 m/t |
$65.00 |
Steady |
|
Ukraine
to Egypt – coaster 5,000 m/t |
$66.00 |
Down $3.00 |
|
|
|
|
|
|
|
|
|
Baltic
Dry Index |
2374 |
Up 29 |
|
Baltic
Capesize Index |
4019 |
Down 226 |
|
Baltic
Panamax Index |
2234 |
Up 373 |
|
Baltic
Supramax Index |
1326 |
Up 8 |
|
Baltic
Handisize Index |
781 |
up 19 |
|
|
|
|
|
Global
Container Index - Freightos |
2868 |
Down
201 |
|
|
|
|
|
All shipments in
bulk grain vessels unless stated otherwise.
(NOLA is New
Orleans, Louisiana, USA.)
FOB
port or location specified. Prices in US$, in metric tons:
ALL PRICES ARE
FOR April 2024/June 2024
Wheat, USA Soft Red Winter, US Gulf |
USD 216<<220 July |
|
Wheat, USA Hard Red Winter 11 protein, US
Gulf |
USD 256>>252 July |
|
Wheat, Ukraine 11.5 pro, 30,000+ m/t |
USD 185<<190 July |
|
Wheat, Russia 12.5 pro, 30,000+ m/t |
USD 203<<208 July |
|
Wheat, Romania 12.5 pro |
USD 215<<220 July |
|
Wheat, Superior, France, Rouen |
USD 212/215 Spot |
|
Wheat, milling, 12.0%, Argentina, Upriver |
USD 215<<225 July |
|
Wheat, feed, Black Sea |
USD 170/175 |
|
|
|
|
Barley, France, Rouen port |
USD 200/205 |
|
Barley, feed, Argentina, upriver |
USD 195/200 |
|
Barley, feed, Black Sea, 30,000+ |
USD 170/175 |
|
Barley, feed, Australia |
USD 235/240 |
|
|
|
|
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 185>>180 July |
|
Corn, FOB Brazil port |
USD 195<<200 July |
|
Corn, FOB France – Atlantic |
USD 190/194 |
|
Corn, FOB Romania |
USD 175<<180 July |
|
Corn, FOB Russia |
USD 175<<180 July |
|
Corn, FOB Ukraine, 30,000+ m/t |
USD 170<<175 July |
|
Sorghum, FOB Argentina port |
USD 275/285 |
|
Sorghum, FOB Texas |
USD
260>>253 June |
|
|
|
|
Soymeal, 48% protein, FOB NOLA |
USD 400>>390 July |
|
Soymeal, 48% protein, USA, Rotterdam |
USD 430>>420 July |
|
Soymeal, 47% pro, FOB Argentina |
USD 380>>375 July |
|
Soymeal, 48% protein, Brazil, Rotterdam –
spot |
USD
440/445 |
|
Soymeal, 48% protein, FOB Brazil |
USD 380>>375 July |
|
|
|
|
Soybeans, FOB NOLA |
USD 460<<465 July |
|
Soybeans, Argentina, FOB |
USD 430<<435 July |
|
Soybeans, Brazil, FOB |
USD 425>>440 July |
|
Soybeans, Black Sea |
USD 450<<460 July |
|
|
|
|
Corn Gluten Meal, USA FOB NOLA |
USD 560/570 |
|
Corn Gluten Feed, USA FOB NOLA |
USD 210/220 |
|
DDGS corn, 35 profat, USA FOB NOLA |
USD 250>>240 July |
|
|
|
|
|
|
|
SECTION 2 ---
FISHMEAL COMMENTS AND PRICES: PERUVIAN “INDICATION” FISHMEAL PRICES:
Fishing
has started in the south of Peru but so far only less than 100 m/t reported
landed.
Not much
to say about new business in Peru as both buyers and sellers are out of the
market for now. There has been no change in Peru fishmeal prices.
Everyone
is still hoping that the new North/Central Peru fishing can begin in late April
but perhaps May.
Still,
lots of talk about El Nino/La Nina but as we have seen for weeks there does not
seem to be much to worry about until much later in 2024 --- all looks well,
according to the experts, until at least August.
There is
lots of reported pressure on the Peru government to change its size definition
for juvenile anchovy – the industry wants the minimum size decreased from 12 cm
to 10.5 cm which would certainly increase the catch during the fishing season.
European fishmeal prices – FOB North
German port.
Type |
Protein % |
Price per m/t USD |
Standard Herring |
64% protein |
1,730 |
Danish standard fishmeal |
71% protein |
1,945 |
Peru fishmeal |
65% protein |
1,895 |
Chile fishmeal |
66% protein |
1,915 |
Iceland fishmeal |
71% protein |
1,920 |
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 |
1650/1670 |
|
67% protein 150 TVN |
1750/1770 |
|
67% protein 120 TVN |
1850/1870 |
1800/1820 |
67% protein 1000 hist, 120 TVN |
1950/1970 |
1920/1940 |
68% protein 500 hist, 100 TVN |
2050/2070 |
2020/2040 |
|
|
|
Fish oil, crude bulk |
No prices |
No prices |
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