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 – August 01, 2026
Market situation for the week.
· US corn prices --- down by USD 9/10 m/t, September to December.
· US new crop soybean prices down by about USD 26 m/t September to December.
· US soymeal prices --- down by about USD 14 m/t September to December
· US winter wheat – up by about USD 14 m/t into early 2027.
· US spring wheat – no change in prices for the week.
2026/27 EU crop estimates were out from several organizations this week with the big change being in the corn forecast. The new corn production estimates varied widely with a range from 4.0 to 8.0 lower for corn production ---- corn imports in 2026/27 by the EU are seen to be up by as much as 5.0 million m/t which could be bullish for USA corn prices in to 2027.
It is interesting that US corn and soybean prices were so weak this past week even with the high temperatures and drought conditions in many growing areas. Trade reports are saying that expected high yields for both corn and soybeans seem to be moving prices lower. According to reports, 29% of the corn crop is seeing drought conditions ---- the market just doesn’t feel that the corn crop is suffering and are still looking at high yields. The market could be in for a surprise.
26% of the US soybean crop is in drought conditions but the overall crop condition is at the normal level for this time of the crop year. The general feeling seems to be that drought is not having much effect on the crop or on the yields. There is nothing new on any major US soybean business to China perhaps this will change when China’s President visits the USA in September.
US wheat prices moved lower as the situation in the Black Sea didn’t seem to be getting any worse and wheat markets calmed a little. Back and forth attacks by Russia and the Ukraine looked to be more directed at energy facilities rather than grain ports and vessels.
Estimated Bulk Grain Freight in USD per MT, basis heavy grains.
US Gulf to Europe: Panamax
|
$25.00
|
Down $2.00
|
$25.00
|
Down $2.00
|
|
US Gulf Israel: Panamax
|
$39.00
|
Down $2.00
|
US Gulf to Egypt: Panamax
|
$39.00
|
Down $2.00
|
US Gulf Turkey: Panamax
|
$40.00
|
Down $2.00
|
US Gulf Morocco: Handi
|
$40.00
|
Down $2.00
|
US Gulf Algeria/Tunisia: Handi
|
$41.00
|
Down $2.00
|
$50.00
|
Down $1.00
|
|
US Gulf other Med: Handi
|
$42.00
|
Down $2.00
|
US Gulf South Africa: Handi
|
$52.00
|
Steady
|
US Gulf India: Panamax
|
$52.00
|
Steady
|
US Gulf to Philippines: Panamax
|
$52.00
|
Steady
|
US Gulf Japan: Panamax
|
$70.00
|
Steady
|
US Gulf China: Panamax
|
$68.00
|
Steady
|
US PNW Egypt: Panamax via Panama
|
$47.00
|
Down $2.00
|
US PNW South Africa – 40,000 MT
|
$61.00
|
Steady
|
US PNW Philippines: Panamax
|
$36.00
|
Steady
|
US PNW Japan: Panamax
|
$36.00
|
Steady
|
US PNW China: Panamax
|
$35.00
|
Steady
|
US East Coast Nigeria: Handisize
|
$41.00
|
Steady
|
US Lakes – Europe – 30,000 MT
|
$59.00
|
Down $1.00
|
US Lakes – Morocco – 30,000 MT
|
$65.00
|
Down $1.00
|
|
|
|
France/Germany to Algeria: Handi
|
$33.00
|
Steady
|
France/Germany to Bangladesh 40,000 MT
|
$58.00
|
Steady
|
France/Germany to China: Panamax
|
$70.00
|
Steady
|
France/Germany to Egypt: Panamax
|
$33.00
|
Steady
|
France/Germany to India: Panamax
|
$56.00
|
Steady
|
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
|
$42.00
|
Down $2.00
|
Argentina to China: Panamax – no top off
|
$53.00
|
Down $1.00
|
Argentina to Japan: Panamax – no top off
|
$54.00
|
Down $1.00
|
Argentina to Egypt: Panamax
|
$54.00
|
Steady
|
Argentina to Europe: Panamax
|
$41.00
|
Steady
|
Argentina to Morocco: Handi
|
$41.00
|
Down $2.00
|
Argentina to Libya: Handi
|
$43.00
|
Down $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
|
$55.00
|
Steady
|
Argentina to Spain: Panamax
|
$41.00
|
Steady
|
Argentina to Tunisia: Handi
|
$42.00
|
Down $2.00
|
|
|
|
Brazil to Algeria/Tunisia: Handi
|
$37.00
|
Steady
|
Brazil to China: Panamax
|
$53.00
|
Steady
|
Brazil to Japan: Panamax
|
$54.00
|
Steady
|
Brazil to South Korea: Panamax
|
$58.00
|
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
|
$45.00
|
Steady
|
Australia to Europe: Panamax
|
$58.00
|
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
|
$62 Russia
|
Ukraine $57
|
Black Sea to Indonesia: Panamax
|
$65 Russia
|
Ukraine $65
|
Black Sea to Bangladesh: Panamax
|
$52 Russia
|
N/A
|
Black Sea to Egypt: 40/50,000
|
$33 Russia
|
Ukraine $28
|
Black Sea to Egypt: 30,000
|
$35 Russia
|
Ukraine $27
|
Black Sea to Iran: Panamax
|
N/A
|
N/A
|
Black Sea to Europe: Panamax
|
$28 Russia
|
Ukraine $24
|
Black Sea to East Spain – Panamax
|
$24 Russia
|
Ukraine $18
|
Black Sea to Morocco – Handi
|
$46 Russia
|
Ukraine $29
|
Black Sea to Tunisia/Algeria – Handi
|
$45 Russia
|
Ukraine $28
|
Black Sea to Jordan: Panamax
|
$36 Russia
|
Ukraine $30
|
Black Sea to Libya – Handi
|
$46 Russia
|
Ukraine $29
|
Black Sea to Saudi: Panamax
|
$64 Russia
|
Ukraine $57
|
Black Sea to Turkey – Handi
|
$34 Russia
|
Ukraine $26
|
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
|
$ No info
|
|
Russia to Egypt – coaster 5,000 MT
|
$ No info
|
|
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
|
2732
|
Down 20
|
Baltic Capesize Index
|
4296
|
Up 11
|
Baltic Panamax Index
|
2024
|
Up 63
|
Baltic Supramax Index
|
1609
|
Down 85
|
Baltic Handisize Index
|
887
|
Down 18
|
|
|
|
Freightos/Baltic Container Index
|
3623
|
Down 33
|
|
|
|
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 August 2026/October 2026
Wheat, USA Soft Red Winter, US Gulf
|
USD 262<<284 Nov
|
Wheat, USA Hard Red Winter 11 protein, US Gulf
|
USD 315<<330 Nov
|
Wheat, Ukraine 11.5 pro, 30,000+ MT
|
USD 225<<230
|
Wheat, Russia 12.5 pro, 30,000+ MT
|
USD 225<<230
|
Wheat, Romania 12.5 pro
|
USD 255<<260
|
Wheat, Superior, France
|
USD 268/271 spot
|
Wheat, milling, 12.0%, Argentina, Upriver
|
USD 245<<240
|
Wheat, feed, Black Sea
|
USD 215<<220
|
|
|
Barley, France, Rouen port
|
USD 244/247 spot
|
Barley, feed, Argentina, upriver
|
USD 220/225
|
Barley, feed, Black Sea, 30,000+
|
USD 215/220
|
Barley, feed, Australia
|
USD 260/265
|
|
|
Corn, 2YC FOB NOLA USA
|
USD 220<<230
|
Corn, 3YC FOB USA Pacific northwest
|
USD 235<<245
|
Corn, FOB Argentina port, upriver
|
USD 210<<215
|
Corn, FOB Brazil port
|
USD 220<<225
|
Corn, FOB France
|
USD 302/305 spot
|
Corn, FOB Romania
|
USD 255<<260
|
Corn, FOB Russia
|
USD 225<<230
|
Corn, FOB Ukraine, 30,000+ MT
|
USD 224<<230
|
Sorghum, FOB Argentina port
|
USD 225<<235
|
Sorghum, FOB Texas
|
USD 225<<240
|
|
|
Soymeal, 48% protein, FOB NOLA
|
USD 370<<380
|
Soymeal, 48% protein, USA, Rotterdam
|
USD 400>>420
|
Soymeal, 47% pro, FOB Argentina
|
USD 350<<360
|
Soymeal, 48% protein, FOB Brazil
|
USD 355<<370
|
|
|
Soybeans, FOB NOLA
|
USD 485<<490
|
Soybeans, Argentina, FOB
|
USD 455<<485
|
Soybeans, Brazil, FOB
|
USD 480<<495
|
Soybeans, Black Sea
|
USD 460<<470
|
|
|
Corn Gluten Meal, USA FOB NOLA
|
USD 670<<680
|
Corn Gluten Feed, USA FOB NOLA
|
USD 175<<180
|
DDGS corn, 35 profat, USA FOB NOLA
|
USD 240<<255
|
SECTION 2 --- FISHMEAL COMMENTS AND PRICES: PERUVIAN “INDICATION” FISHMEAL PRICES:
Central/North Peru details: Quota 1,914,000 m/t, landed 471,100 m/t, fishmeal produced 116,900 m/t, fishoil produced 7,550 m/t --- balance on quota 1,442,900 m/t.
South Peru details: New quota 251,000 m/t, landed 2,258 m/t, fishmeal produced 565 – balance on quota 248,742 m/t to December 31, 2026.
(fishmeal and fishoil production are estimated)
Nothing new on the Peru fishing side --- still closed.
Trade reports all say that the El Nino event has arrived with record high temperatures expected for August ---- and August is winter in Peru.
The latest IMARPE report should be in the hands of the government ---- perhaps there is still a chance of some fishing. Everyone seems to be expecting some news this week.
All the government minister level appointments have been made by the new President and the trade doesn’t seem to be upset about the new people, all of whom are experienced with a long list of previous government positions.
Let’s hope that we hear something about fishing early this week.
European fishmeal prices – FOB North German port.
Type
|
Protein %
|
Price per
MT USD
|
Standard Herring
|
64% protein
|
$2120
|
Danish standard fishmeal
|
71% protein
|
$3290
|
Peru fishmeal
|
65% protein
|
$2950
|
Chile fishmeal
|
67% protein
|
$2850
|
Iceland fishmeal
|
71% protein
|
$3405
|
ALL PRICES SHOWN ARE IN CONTAINER, ON VESSEL, AT ORIGIN --- US DOLLARS
Minimum shipment of 200 MT for fishmeal
It is probably of little value listing “prices” these days. Prices shown below are from trade sources but are only “referential prices.”
Specification
|
Price per MT FOB Vessel Peru port
|
Price per MT
Chile port
|
|
|
|
65% protein standard steam
|
No prices
|
|
66% protein 120 TVN
|
No prices
|
|
67% protein 150 TVN
|
No prices
|
|
67% protein 120 TVN
|
3500/3600
|
3450/3470
|
67% protein 1000 hist, 120 TVN
|
3550/3650
|
3500/3520
|
68% protein 500 hist, 100 TVN
|
3600/3700
|
3550/3570
|
|
|
|
Fish oil, crude bulk – feed grade
|
No prices
|
8000/8500
|
Fish oil, crude in 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: TVN = total volatile nitrogen, hist = histamine
Copyright © 2026 Wayne S. Bacon
