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 09, 2026
At the end of the week US corn prices were down by about USD 3 m/t with soybeans up by about USD 3 m/t and soymeal up by USD 2 m/t. US winter wheat was lower by about USD 7 m/t with spring wheat down by USD 8 m/t.
Wheat had surprising weakness this week as drought is still a factor for much of the winter crop --- although wheat had an uptick on Friday as did corn and soybeans. Market reports seem to feel that wheat prices can move lower.
There were some comments that a possible fertilizer shortage could be a factor in corn prices in weeks to come. For this week there was nothing too exciting in the US corn market except for some showers in parts of the corn belt.
Next week is WASDE week which was probably part of the reason for the higher day on Friday.
Trade reports seem to feel that there will be more soybean purchases by China which helped push prices higher. With Trump going to China there are feelings that the US soybean export situation will improve --- thus higher prices.
If you happen to be in Geneva next week for GrainCom, you will probably bump into me wandering around in the crowd.
Estimated Bulk Grain Freight in USD per MT, basis heavy grains.
US Gulf to Europe: Panamax
|
$26.00
|
Steady
|
$26.00
|
Steady
|
|
US Gulf Israel: Panamax
|
$43.00
|
Up $2.00
|
US Gulf to Egypt: Panamax
|
$43.00
|
Up $2.00
|
US Gulf Turkey: Panamax
|
$44.00
|
Up $2.00
|
US Gulf Morocco: Handi
|
$43.00
|
Up $2.00
|
US Gulf Algeria/Tunisia: Handi
|
$44.00
|
Up $2.00
|
$48.00
|
Up $4.00
|
|
US Gulf other Med: Handi
|
$45.00
|
Up $2.00
|
US Gulf South Africa: Handi
|
$52.00
|
Up $1.00
|
US Gulf India : Panamax
|
$52.00
|
Steady
|
US Gulf to Philippines: Panamax
|
$52.00
|
Steady
|
US Gulf Japan: Panamax
|
$68.00
|
Up $1.00
|
US Gulf China: Panamax
|
$66.00
|
Up $1.00
|
US PNW Egypt: Panamax via Panama
|
$51.00
|
Up $1.00
|
US PNW South Africa – 40,000 MT
|
$60.00
|
Steady
|
US PNW Philippines: Panamax
|
$36.00
|
Steady
|
US PNW Japan: Panamax
|
$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 MT
|
$57.00
|
Steady
|
US Lakes – Morocco – 30,000 MT
|
$63.00
|
Steady
|
|
|
|
France/Germany to Algeria: Handi
|
$33.00
|
Steady
|
France/Germany to Bangladesh 40,000 MT
|
$56.00
|
Up $2.00
|
France/Germany to China: Panamax
|
$70.00
|
Steady
|
France/Germany to Egypt: Panamax
|
$36.00
|
Up $2.00
|
France/Germany to India: Panamax
|
$57.00
|
Up $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
|
$42.00
|
Up $1.00
|
Argentina to China: Panamax
|
$54.00
|
Down $1.00
|
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
|
$41.00
|
Up $1.00
|
Argentina to Libya: Handi
|
$43.00
|
Up $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
|
$57.00
|
Steady
|
Argentina to Spain: Panamax
|
$43.00
|
Steady
|
Argentina to Tunisia: Handi
|
$42.00
|
Up $1.00
|
|
|
|
Brazil to Algeria/Tunisia: Handi
|
$37.00
|
Steady
|
Brazil to China: Panamax
|
$53.00
|
Up $1.00
|
Brazil to Japan: Panamax
|
$4.00
|
Up $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 MT
|
$64.00
|
Steady
|
Brazil to Spain: Panamax
|
$37.00
|
Steady
|
Brazil to Turkey/Egypt: Panamax
|
$59.00
|
Steady
|
|
|
|
Australia to Saudi: Panamax
|
$41.00
|
Up $1.00
|
Australia to Europe: Panamax
|
$55.00
|
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
|
$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 $26
|
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
|
$22 Russia
|
Ukraine $18
|
Black Sea to Morocco – Handi
|
$32 Russia
|
Ukraine $29
|
Black Sea to Tunisia/Algeria – Handi
|
$31 Russia
|
Ukraine $28
|
Black Sea to Jordan: Panamax
|
$28 Russia
|
Ukraine $30
|
Black Sea to Libya – Handi
|
$32 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
|
$38.00
|
Up $3.00
|
Russia to Egypt – coaster 5,000 MT
|
$54.00
|
Down $1.00
|
Ukraine to Turkey – coaster 5,000 MT
|
No info
|
|
Ukraine to Egypt – coaster 5,000 MT
|
No info
|
|
|
|
|
|
|
|
Baltic Dry Index
40% Capesize, 30% Panamax, 30% Supermax
|
2978
|
Up 248
|
Baltic Capesize Index
|
4955
|
Up 508
|
Baltic Panamax Index
|
2233
|
Up 231
|
Baltic Supramax Index
|
1522
|
Up 2
|
Baltic Handisize Index
|
833
|
Up 18
|
|
|
|
Freightos/Baltic Container Index
|
1926
|
Up 53
|
|
|
|
|
|
|
All shipments in bulk grain vessels unless stated otherwise.
(NOLA is New Orleans, Louisiana, USA.)
FOB port or location specified. Prices in US$, in metric tons:
ALL PRICES ARE FOR June 2026/August 2026
Wheat, USA Soft Red Winter, US Gulf
|
USD 255>>250
|
Wheat, USA Hard Red Winter 11 protein, US Gulf
|
USD 292<<3297
|
Wheat, Ukraine 11.5 pro, 30,000+ MT
|
USD 230 to August
|
Wheat, Russia 12.5 pro, 30,000+ MT
|
USD 240>>235
|
Wheat, Romania 12.5 pro
|
USD 245 to August
|
Wheat, Superior, France
|
USD 231/234 spot
|
Wheat, milling, 12.0%, Argentina, Upriver
|
USD 240<<245
|
Wheat, feed, Black Sea
|
USD 230 to August
|
|
|
Barley, France, Rouen port
|
USD 234/237 spot
|
Barley, feed, Argentina, upriver
|
USD 240/245
|
Barley, feed, Black Sea, 30,000+
|
USD 240/245
|
Barley, feed, Australia
|
USD 285/290
|
|
|
Corn, 2YC FOB NOLA USA
|
USD 220<<225
|
Corn, 3YC FOB USA Pacific northwest
|
USD 235 to August
|
Corn, FOB Argentina port, upriver
|
USD 210<<220
|
Corn, FOB Brazil port
|
USD 235>>230
|
Corn, FOB France
|
USD 263/266 Spot
|
Corn, FOB Romania
|
USD 245<<250
|
Corn, FOB Russia
|
USD 225<<230
|
Corn, FOB Ukraine, 30,000+ MT
|
USD 235<<240
|
Sorghum, FOB Argentina port
|
USD 225>>210
|
Sorghum, FOB Texas
|
USD 230<<235
|
|
|
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 355>>345
|
|
|
Soybeans, FOB NOLA
|
USD 495 to August
|
Soybeans, Argentina, FOB
|
USD 450<<470
|
Soybeans, Brazil, FOB
|
USD 455<<475
|
Soybeans, Black Sea
|
USD 445<<455
|
|
|
Corn Gluten Meal, USA FOB NOLA
|
USD 655>>650
|
Corn Gluten Feed, USA FOB NOLA
|
USD 185>>175
|
DDGS corn, 35 profat, USA FOB NOLA
|
USD 270>>260
|
SECTION 2 --- FISHMEAL COMMENTS AND PRICES: PERUVIAN “INDICATION” FISHMEAL PRICES:
Fishing in the North/Central region of Peru is still limited by mini-bans on fishing. The total catch for last week was only just over 4,000 m/t as there was only one day of fishing. Total catch now stands at 445,000 m/t leaving 1.469 mm/t on the quota.
South region’s fishing remains low with only 1,200 m/t landed this week. Total catch is at 156,300 m/t leaving 94,700 m/t on the quota.
So far there are no further fishing bans for next week --- back to normal, one hopes.
Peru’s ENFEN report that a weak El Nino event could begin as a “warm event” in about June and carry through to January 2027. No serious effect is expected on fishing in Peru.
European fishmeal prices – FOB North German port.
Type
|
Protein %
|
Price per
MT USD
|
Standard Herring
|
64% protein
|
$2010
|
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
It is very difficult to get accurate prices these days but trade reports suggest that prices traded could be as much as USD 180 m/t higher than the prices shown below, at least for the very highest grades.
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
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