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 – June 27, 2026
Market situation for the week.
· US corn prices Down by about USD 1.50 m/t
· US new crop soybean prices up by about USD 5 m/t
· US soymeal prices up by about USD 3 m/t
· US winter wheat down by as much as USD 12 m/t
· US spring wheat – is unchanged on the week.
Winter wheat prices in the US were lower on both harvest pressure and the possible opening of the Strait of Hormuz ---- the opening could increase the supply and lower the price of fertilizers for the next crop. The trade reports seem to feel that wheat acreage in next week’s report will be lower again as farmers move to more profitable corn and soybeans.
Soybean acreage is also expected to be a little higher in next week’s report. Good margins for soybean crush had given farmers incentive to plant soybeans. While local soybean demand is great the export business is weaker than hoped. Increased acreage could weaken soybean prices.
Soymeal prices were higher a little this week ---- demand is so good for protein that there is little reason to expect lower soymeal prices. Demand from the poultry feed sector has been very strong.
Corn is not expected to see any surprises in next week’s acreage report. Corn acres may be down a tad. Current weather is a factor for corn as very high temperatures are seen and expected in the corn belt and with pollination time here this could reduce yields.
Estimated Bulk Grain Freight in USD per MT, basis heavy grains.
US Gulf to Europe: Panamax
|
$27.00
|
Steady
|
$27.00
|
Steady
|
|
US Gulf Israel: Panamax
|
$42.00
|
Down $2.00
|
US Gulf to Egypt: Panamax
|
$42.00
|
Down $2.00
|
US Gulf Turkey: Panamax
|
$43.00
|
Down $2.00
|
US Gulf Morocco: Handi
|
$42.00
|
Down $2.00
|
US Gulf Algeria/Tunisia: Handi
|
$43.00
|
Down $2.00
|
$50.00
|
Down $1.00
|
|
US Gulf other Med: Handi
|
$44.00
|
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
|
Down $2.00
|
US Gulf China: Panamax
|
$68.00
|
Down $2.00
|
US PNW Egypt: Panamax via Panama
|
$47.00
|
Down $3.00
|
US PNW South Africa – 40,000 MT
|
$61.00
|
Steady
|
US PNW Philippines: Panamax
|
$36.00
|
Steady
|
US PNW Japan: Panamax
|
$36.00
|
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
|
$59.00
|
Steady
|
US Lakes – Morocco – 30,000 MT
|
$65.00
|
Steady
|
|
|
|
France/Germany to Algeria: Handi
|
$33.00
|
Steady
|
France/Germany to Bangladesh 40,000 MT
|
$56.00
|
Steady
|
France/Germany to China: Panamax
|
$70.00
|
Steady
|
France/Germany to Egypt: Panamax
|
$33.00
|
Up $1.00
|
France/Germany to India: Panamax
|
$58.00
|
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
|
$44.00
|
Down $1.00
|
Argentina to China: Panamax
|
$54.00
|
Down $2.00
|
Argentina to Japan: Panamax
|
$55.00
|
Down $2.00
|
Argentina to Egypt: Panamax
|
$54.00
|
Steady
|
Argentina to Europe: Panamax
|
$43.00
|
Steady
|
Argentina to Morocco: Handi
|
$43.00
|
Down $1.00
|
Argentina to Libya: Handi
|
$45.00
|
Down $1.00
|
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
|
Down $2.00
|
Argentina to Spain: Panamax
|
$43.00
|
Steady
|
Argentina to Tunisia: Handi
|
$44.00
|
Down $1.00
|
|
|
|
Brazil to Algeria/Tunisia: Handi
|
$37.00
|
Steady
|
Brazil to China: Panamax
|
$53.00
|
Down $2.00
|
Brazil to Japan: Panamax
|
$54.00
|
Down $2.00
|
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
|
$44.00
|
Up $1.00
|
Australia to Europe: Panamax
|
$57.00
|
Up $2.00
|
|
|
|
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
|
$47 Russia
|
Ukraine $57
|
Black Sea to Indonesia: Panamax
|
$59 Russia
|
Ukraine $65
|
Black Sea to Bangladesh: Panamax
|
$47 Russia
|
N/A
|
Black Sea to Egypt: 40/50,000
|
$18 Russia
|
Ukraine $28
|
Black Sea to Egypt: 30,000
|
$18 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
|
$24 Russia
|
Ukraine $18
|
Black Sea to Morocco – Handi
|
$29 Russia
|
Ukraine $29
|
Black Sea to Tunisia/Algeria – Handi
|
$28 Russia
|
Ukraine $28
|
Black Sea to Jordan: Panamax
|
$29 Russia
|
Ukraine $30
|
Black Sea to Libya – Handi
|
$29 Russia
|
Ukraine $29
|
Black Sea to Saudi: Panamax
|
$63 Russia
|
Ukraine $57
|
Black Sea to Turkey – Handi
|
$22 Russia
|
Ukraine $25
|
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
|
$24.00
|
Steady
|
Russia to Egypt – coaster 5,000 MT
|
$42.00
|
Steady
|
Ukraine to Turkey – coaster 5,000 MT
|
No info
|
|
Ukraine to Egypt – coaster 5,000 MT
|
No info
|
|
|
|
|
|
|
|
Baltic Dry Index
40% Capesize, 30% Panamax, 30% Supermax
|
2524
|
Down 198
|
Baltic Capesize Index
|
3640
|
Down 509
|
Baltic Panamax Index
|
2110
|
Up 14
|
Baltic Supramax Index
|
1670
|
Down 48
|
Baltic Handisize Index
|
934
|
Up 11
|
|
|
|
Freightos/Baltic Container Index
|
3402
|
Down 16
|
|
|
|
|
|
|
All shipments in bulk grain vessels unless stated otherwise.
(NOLA is New Orleans, Louisiana, USA.)
FOB port or location specified. Prices in US$, in metric tons:
ALL PRICES ARE FOR July 2026/September 2026
Wheat, USA Soft Red Winter, US Gulf
|
USD 238<<258 Oct
|
Wheat, USA Hard Red Winter 11 protein, US Gulf
|
USD 274<<286 Oct
|
Wheat, Ukraine 11.5 pro, 30,000+ MT
|
USD 230<<235
|
Wheat, Russia 12.5 pro, 30,000+ MT
|
USD 230<<235
|
Wheat, Romania 12.5 pro
|
USD 235<<240
|
Wheat, Superior, France
|
USD 242/245 spot
|
Wheat, milling, 12.0%, Argentina, Upriver
|
USD 230<<235
|
Wheat, feed, Black Sea
|
USD 225<<230
|
|
|
Barley, France, Rouen port
|
USD 227/230 spot
|
Barley, feed, Argentina, upriver
|
USD 230/235
|
Barley, feed, Black Sea, 30,000+
|
USD 230/235
|
Barley, feed, Australia
|
USD 270/275
|
|
|
Corn, 2YC FOB NOLA USA
|
USD 205<<220
|
Corn, 3YC FOB USA Pacific northwest
|
USD 220<<235
|
Corn, FOB Argentina port, upriver
|
USD 205<<210
|
Corn, FOB Brazil port
|
USD 210>>220
|
Corn, FOB France
|
No prices
|
Corn, FOB Romania
|
USD 245>>230
|
Corn, FOB Russia
|
USD 240>>230
|
Corn, FOB Ukraine, 30,000+ MT
|
USD 235>>230
|
Sorghum, FOB Argentina port
|
USD 235<<240
|
Sorghum, FOB Texas
|
USD 215<<220
|
|
|
Soymeal, 48% protein, FOB NOLA
|
USD 370>>365
|
Soymeal, 48% protein, USA, Rotterdam
|
USD 400>>395
|
Soymeal, 47% pro, FOB Argentina
|
USD 345>>335
|
Soymeal, 48% protein, FOB Brazil
|
USD 340>>335
|
|
|
Soybeans, FOB NOLA
|
USD 450<<465
|
Soybeans, Argentina, FOB
|
USD 430<<465
|
Soybeans, Brazil, FOB
|
USD 445<<470
|
Soybeans, Black Sea
|
USD 440<<455
|
|
|
Corn Gluten Meal, USA FOB NOLA
|
USD 640<<650
|
Corn Gluten Feed, USA FOB NOLA
|
USD 185>>175
|
DDGS corn, 35 profat, USA FOB NOLA
|
USD 220<<225
|
SECTION 2 --- FISHMEAL COMMENTS AND PRICES: PERUVIAN “INDICATION” FISHMEAL PRICES:
Central/North Peru details: Quota 1,914,000 m/t, landed 470,300 m/t, fishmeal produced 116,900 m/t, fishoil produced 7,550 m/t --- balance on quota 1,443,800 m/t.
South Peru details : Quota 251,000 m/t, landed 158,200 m/t, fishmeal produced 37,700 m/t --- balance on quota 92,800 m/t.
( fishmeal and fishoil production is estimated)
South Peru’s new fishing quota has been announced at 251,000 m/t starting on July 01 until December 31, 2026.
With no fishing and no buying or selling the prices in the tables below are “theoretical” or would that just be “best guess”?
According to trade reports there is still about 75,000 m/t of sales booked but not covered. Reports also say that almost all the fishmeal stocks in China are probably sold. No one seems to have any fishmeal.
IMARPE has research vessels out looking at the “anchovy situation”. Perhaps we will still see fishing in July ---- we are waiting to hear.
Monday is a holiday in Peru for “National Fishermen’s Day”.
European fishmeal prices – FOB North German port.
Type
|
Protein %
|
Price per
MT USD
|
Standard Herring
|
64% protein
|
$2115
|
Danish standard fishmeal
|
71% protein
|
$3320
|
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
Specification
|
Price per MT FOB Vessel Peru port
|
Price per MT
Chile port
|
|
Next fishing season
|
|
65% protein standard steam
|
2900/2920
|
|
66% protein 120 TVN
|
2920/2940
|
|
67% protein 150 TVN
|
2970/2990
|
|
67% protein 120 TVN
|
3020/3040
|
3020/3040
|
67% protein 1000 hist, 120 TVN
|
3070/3090
|
3050/3070
|
68% protein 500 hist, 100 TVN
|
3150/3170
|
3150/3170
|
|
|
|
Fish oil, crude bulk – feed grade
|
7500/7800
|
6800/6900
|
Fish oil, crude in drums
|
No prices
|
No prices
|
Fish oil, flexi tank
|
No prices
|
No prices
|
Fish oil, Omega 3: 28%EPA/DHA
|
10,500+
|
No prices
|
INFORMATION: TVN = total volatile nitrogen, hist = histamine
Copyright © 2026 Wayne S. Bacon
