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 – April 18, 2026
Corn prices were just a little higher in the US this week – up by around USD 3 m/t. Soybean prices were down by about the same USD 3 m/t with soymeal moving lower by USD 3 m/t. US hard red winter wheat jumped by almost USD 16 m/t with US spring wheat also up strongly by about USD 15 m/t.
The situation in the Persian Gulf continues to affect grain and oilseed futures prices with markets changing direction as news on the situation changes. While US weather is still a major concern for prices the daily gyrations seem to be more US/Iran directed.
US wheat prices were higher this week as the expected rainfall looks like it will miss a good chunk of the US wheat belt which leaves drought a real concern for the wheat crops. Wheat prices did have a slightly down day on Friday but not enough to cause a down week.
While there is a great deal of concern in the international press about the supply of fertilizer for all crops this doesn’t seem to be a major factor in commodity pricing in the US.
There is not a great deal to say about corn, soybean and soymeal prices this week with prices seeming to move sideways just waiting for the next major news event.
Estimated Bulk Grain Freight in USD per m/t, basis heavy grains.
US Gulf to Europe: Panamax
|
$27.00
|
Down $1.00
|
$27.00
|
Down $1.00
|
|
US Gulf Israel: Panamax m/t
|
$38.00
|
Up $2.00
|
US Gulf to Egypt: Panamax
|
$38.00
|
Up $2.00
|
US Gulf Turkey: Panamax m/t
|
$39.00
|
Up $2.00
|
US Gulf Morocco: Handi
|
$39.00
|
Up $3.00
|
US Gulf Algeria/Tunisia: Handi
|
$40.00
|
Up $3.00
|
$43.00
|
Up $2.00
|
|
US Gulf other Med: Handi
|
$41.00
|
Up $3.00
|
US Gulf South Africa: Handi
|
$48.00
|
Up $2.00
|
US Gulf India : Panamax
|
$52.00
|
Steady
|
US Gulf to Philippines: Panamax
|
$52.00
|
Steady
|
US Gulf Japan: Panamax
|
$67.00
|
Up $2.00
|
US Gulf China: Panamax
|
$65.00
|
Up $1.00
|
US PNW Egypt: Panamax via Panama
|
$47.00
|
Up $1.00
|
US PNW South Africa – 40,000 m/t
|
$60.00
|
Steady
|
US PNW Philippines: Panamax
|
$36.00
|
Up $1.00
|
US PNW Japan: Panamax
|
$36.00
|
Up $1.00
|
US PNW China: Panamax
|
$35.00
|
Up $1.00
|
US East Coast Nigeria: Handisize
|
$41.00
|
Steady
|
US Lakes – Europe – 30,000 m/t
|
$56.00
|
Down $2.00
|
US Lakes – Morocco – 30,000 m/t
|
$62.00
|
Down $2.00
|
|
|
|
France/Germany to Algeria: Handi
|
$33.00
|
Steady
|
France/Germany to Bangladesh 40,000 m/t
|
$54.00
|
Steady
|
France/Germany to China: Panamax
|
$70.00
|
Steady
|
France/Germany to Egypt: Panamax
|
$35.00
|
Up $2.00
|
France/Germany to India: Panamax
|
$67.00
|
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
|
$39.00
|
Stady
|
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
|
Up $1.00
|
Argentina to Morocco: Handi
|
$38.00
|
Steady
|
Argentina to Libya: Handi
|
$40.00
|
Steady
|
Argentina to Jordan: Panamax
|
$58.00
|
Up $1.00
|
Argentina to Saudi Arabia: Panamax
|
$65.00
|
Up $1.00
|
Argentina to Iran: Panamax
|
N/A
|
|
Argentina to Indonesia: Panamax
|
$60.00
|
Steady
|
Argentina to South Africa: Panamax
|
$38.00
|
Up $1.00
|
Argentina to Kenya: Handi
|
$56.00
|
Steady
|
Argentina to Spain: Panamax
|
$43.00
|
Up $1.00
|
Argentina to Tunisia: Handi
|
$39.00
|
Steady
|
|
|
|
Brazil to Algeria/Tunisia: Handi
|
$37.00
|
Steady
|
Brazil to China: Panamax
|
$52.00
|
Down $1.00
|
Brazil to Japan: Panamax
|
$53.00
|
Down $1.00
|
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 m/t
|
$64.00
|
Steady
|
Brazil to Spain: Panamax
|
$37.00
|
Steady
|
Brazil to Turkey/Egypt: Panamax
|
$59.00
|
Steady
|
|
|
|
Australia to Saudi: Panamax
|
$45.00
|
Down $3.00
|
Australia to Europe: Panamax
|
$59.00
|
Down $3.00
|
|
|
|
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
|
$50 Russia
|
Ukraine $57
|
Black Sea to Indonesia: Panamax
|
$59 Russia
|
Ukraine $64
|
Black Sea to Bangladesh: Panamax
|
$50 Russia
|
N/A
|
Black Sea to Egypt: 40/50,000
|
$23 Russia
|
Ukraine $26
|
Black Sea to Egypt: 30,000
|
$25 Russia
|
Ukraine $27
|
Black Sea to Iran: Panamax
|
$64 Russia
|
N/A
|
Black Sea to Europe: Panamax
|
$28 Russia
|
Ukraine $24
|
Black Sea to East Spain -- Panamax
|
$23 Russia
|
Ukraine $19
|
Black Sea to Morocco – Handi
|
$36 Russia
|
Ukraine $29
|
Black Sea to Tunisia/Algeria – Handi
|
$35 Russia
|
Ukraine $28
|
Black Sea to Jordan: Panamax
|
$28 Russia
|
Ukraine $30
|
Black Sea to Libya – Handi
|
$36 Russia
|
Ukraine $29
|
Black Sea to Saudi: Panamax
|
$45 Russia
|
Ukraine $49
|
Black Sea to Turkey – Handi
|
$22 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 m/t
|
$47.00
|
Down $4.00
|
Russia to Egypt – coaster 5,000 m/t
|
$64.00
|
Down $4.00
|
Ukraine to Turkey – coaster 5,000 m/t
|
No info
|
|
Ukraine to Egypt – coaster 5,000 m/t
|
No info
|
|
|
|
|
|
|
|
Baltic Dry Index
40% Capesize, 30% Panamax, 30% Supermax
|
2567
|
Up 366
|
Baltic Capesize Index
|
4128
|
Up 810
|
Baltic Panamax Index
|
1975
|
Up 120
|
Baltic Supramax Index
|
1415
|
Up 107
|
Baltic Handisize Index
|
741
|
Up 42
|
|
|
|
Freightos/Baltic Container Index
|
1898
|
Up 14
|
|
|
|
|
|
|
All shipments in bulk grain vessels unless stated otherwise.
(NOLA is New Orleans, Louisiana, USA.)
FOB port or location specified. Prices in US$, in metric tons:
ALL PRICES ARE FOR May 2026/July 2026
Wheat, USA Soft Red Winter, US Gulf
|
USD 250>>242
|
Wheat, USA Hard Red Winter 11 protein, US Gulf
|
USD 280<<285
|
Wheat, Ukraine 11.5 pro, 30,000+ m/t
|
USD 230<<235
|
Wheat, Russia 12.5 pro, 30,000+ m/t
|
USD 240>>235
|
Wheat, Romania 12.5 pro
|
USD 240>>235
|
Wheat, Superior, France
|
USD 234/247 spot
|
Wheat, milling, 12.0%, Argentina, Upriver
|
USD 225<<235
|
Wheat, feed, Black Sea
|
USD 230>>225
|
|
|
Barley, France, Rouen port
|
USD 233/236 spot
|
Barley, feed, Argentina, upriver
|
USD 235/240
|
Barley, feed, Black Sea, 30,000+
|
USD 235/240
|
Barley, feed, Australia
|
USD 280/285
|
|
|
Corn, 2YC FOB NOLA USA
|
USD 215<<220
|
Corn, 3YC FOB USA Pacific northwest
|
USD 225<<230
|
Corn, FOB Argentina port, upriver
|
USD 215>>210
|
Corn, FOB Brazil port
|
USD 230>>225
|
Corn, FOB France
|
USD 243/246 Spot
|
Corn, FOB Romania
|
USD 235<<240
|
Corn, FOB Russia
|
USD 225<<230
|
Corn, FOB Ukraine, 30,000+ m/t
|
USD 230>>225
|
Sorghum, FOB Argentina port
|
USD 225<<230
|
Sorghum, FOB Texas
|
USD 223<<227
|
|
|
Soymeal, 48% protein, FOB NOLA
|
USD 410>>385
|
Soymeal, 48% protein, USA, Rotterdam
|
USD 440<<415
|
Soymeal, 47% pro, FOB Argentina
|
USD 370>>350
|
Soymeal, 48% protein, FOB Brazil
|
USD 375>>345
|
|
|
Soybeans, FOB NOLA
|
USD 465>>460
|
Soybeans, Argentina, FOB
|
USD 425<<460
|
Soybeans, Brazil, FOB
|
USD 440<<460
|
Soybeans, Black Sea
|
USD 425<<435
|
|
|
Corn Gluten Meal, USA FOB NOLA
|
USD 625>>610
|
Corn Gluten Feed, USA FOB NOLA
|
USD 210>>205
|
DDGS corn, 35 profat, USA FOB NOLA
|
USD 262>>262
|
SECTION 2 --- FISHMEAL COMMENTS AND PRICES: PERUVIAN “INDICATION” FISHMEAL PRICES:
Fishing in the North/Central Region totaled 196,000 m/t while fishing in the South Region changed very little and was at 153,200 m/t.
The trade is concerned that the fishing so far is much lower than had been expected. With 300+ vessels out fishing higher landings had been hoped for.
There was quite a lot of buying interest this week which did push Peru prices higher but there was not much interest in selling coming from fishmeal producers as they are probably waiting a little longer to see if the fishing improves. Juvenile levels in the North/Central catch are up close to 70% which is expected to result in some fishing bans.
Peru had its first run in the Presidential election with 35 candidates standing --- no one received the required majority. The final run-off will be held on June 07. News reports say that Ms. Keiko Fujimori is the leading candidate --- she is the daughter of a former president of Peru.
European fishmeal prices – FOB North German port.
Type
|
Protein %
|
Price per
m/t USD
|
Standard Herring
|
64% protein
|
$1930
|
Danish standard fishmeal
|
71% protein
|
$2870
|
Peru fishmeal
|
65% protein
|
$2330
|
Chile fishmeal
|
67% protein
|
$2420
|
Iceland fishmeal
|
71% protein
|
$2895
|
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
|
|
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
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