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 30, 2026
US corn prices were about USD 6 m/t lower this week with US soybeans up by a couple of USD m/t --- soymeal prices were down by about USD 2 m/t. US winter wheat prices were down by USD 12 to 15 m/t depending on type while US spring wheat was lower by about USD 7 m/t.
Trade reports say that much of the price drop that was seen on Friday was as a result of the positive news on the USA/Iran situation and the lower crude oil prices. Wheat was the grain that was hit the hardest as the week ended --- wheat is seen more as an international commodity than corn or soybeans, so is more open to the effect of international situations.
Rain is expected for some parts of the US corn belt but it will be spotty with better rains seen arriving in a week or so. Much of the grain area in the US is having above average temperatures.
USDA numbers for both soybeans and wheat did not show the weekly new business levels that most had been expecting. Overall, there hasn’t been too much to complain about in USA grain/oilseed export sales in this marketing year --- except for soybeans. 2025/26 corn exports are up by 26% with wheat exports up by 12% while soybean exports are down by 21% (due to China).
Estimated Bulk Grain Freight in USD per MT, basis heavy grains.
US Gulf to Europe: Panamax
|
$28.00
|
Steady
|
$28.00
|
Steady
|
|
US Gulf Israel: Panamax
|
$41.00
|
Up $1.00
|
US Gulf to Egypt: Panamax
|
$41.00
|
Up $1.00
|
US Gulf Turkey: Panamax
|
$42.00
|
Up $1.00
|
US Gulf Morocco: Handi
|
$41.00
|
Up $1.00
|
US Gulf Algeria/Tunisia: Handi
|
$42.00
|
Up $1.00
|
$50.00
|
Up $2.00
|
|
US Gulf other Med: Handi
|
$43.00
|
Up $1.00
|
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
|
$72.00
|
Up $1.00
|
US Gulf China: Panamax
|
$70.00
|
Up $1.00
|
US PNW Egypt: Panamax via Panama
|
$52.00
|
Up $1.00
|
US PNW South Africa – 40,000 MT
|
$61.00
|
Steady
|
US PNW Philippines: Panamax
|
$36.00
|
Steady
|
US PNW Japan: Panamax
|
$37.00
|
Steady
|
US PNW China: Panamax
|
$35.00
|
Steady
|
US East Coast Nigeria: Handisize
|
$41.00
|
Steady
|
US Lakes – Europe – 30,000 MT
|
$58.00
|
Down $1.00
|
US Lakes – Morocco – 30,000 MT
|
$64.00
|
Down $1.00
|
|
|
|
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
|
$32.00
|
Down $1.00
|
France/Germany to India: Panamax
|
$59.00
|
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
|
$43.00
|
Up $1.00
|
Argentina to China: Panamax
|
$57.00
|
Down $1.00
|
Argentina to Japan: Panamax
|
$58.00
|
Down $1.00
|
Argentina to Egypt: Panamax
|
$54.00
|
Steady
|
Argentina to Europe: Panamax
|
$43.00
|
Steady
|
Argentina to Morocco: Handi
|
$42.00
|
Up $1.00
|
Argentina to Libya: Handi
|
$44.00
|
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
|
Up $1.00
|
Argentina to Spain: Panamax
|
$43.00
|
Steady
|
Argentina to Tunisia: Handi
|
$43.00
|
Up $1.00
|
|
|
|
Brazil to Algeria/Tunisia: Handi
|
$37.00
|
Steady
|
Brazil to China: Panamax
|
$56.00
|
Down $1.00
|
Brazil to Japan: Panamax
|
$57.00
|
Down $1.00
|
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
|
$43.00
|
Steady
|
Australia to Europe: Panamax
|
$55.00
|
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
|
$47 Russia
|
Ukraine $58
|
Black Sea to Indonesia: Panamax
|
$61 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
|
$28 Russia
|
Ukraine $30
|
Black Sea to Libya – Handi
|
$29 Russia
|
Ukraine $29
|
Black Sea to Saudi: Panamax
|
$59 Russia
|
Ukraine $57
|
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
|
$28.00
|
Down $5.00
|
Russia to Egypt – coaster 5,000 MT
|
$50.00
|
Down $2.00
|
Ukraine to Turkey – coaster 5,000 MT
|
No info
|
|
Ukraine to Egypt – coaster 5,000 MT
|
No info
|
|
|
|
|
|
|
|
Baltic Dry Index
40% Capesize, 30% Panamax, 30% Supermax
|
3224
|
Up 233
|
Baltic Capesize Index
|
5503
|
Up 549
|
Baltic Panamax Index
|
2343
|
Up 120
|
Baltic Supramax Index
|
1569
|
Up 2
|
Baltic Handisize Index
|
851
|
Up 8
|
|
|
|
Freightos/Baltic Container Index
|
2240
|
Up 19
|
|
|
|
|
|
|
All shipments in bulk grain vessels unless stated otherwise.
(NOLA is New Orleans, Louisiana, USA.)
FOB port or location specified. Prices in US$, in metric tons:
ALL PRICES ARE FOR June 2026/August 2026
Wheat, USA Soft Red Winter, US Gulf
|
USD 252<<258
|
Wheat, USA Hard Red Winter 11 protein, US Gulf
|
USD 292<<295
|
Wheat, Ukraine 11.5 pro, 30,000+ MT
|
USD 235<<240
|
Wheat, Russia 12.5 pro, 30,000+ MT
|
USD 240<<245
|
Wheat, Romania 12.5 pro
|
USD 245<<250
|
Wheat, Superior, France
|
USD 239/242 spot
|
Wheat, milling, 12.0%, Argentina, Upriver
|
USD 245<<250
|
Wheat, feed, Black Sea
|
USD 230 to August
|
|
|
Barley, France, Rouen port
|
USD 224/227 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 215<<220
|
Corn, 3YC FOB USA Pacific northwest
|
USD 225<<230
|
Corn, FOB Argentina port, upriver
|
USD 205<<210
|
Corn, FOB Brazil port
|
USD 225>>220
|
Corn, FOB France
|
USD 272/275 Spot
|
Corn, FOB Romania
|
USD 245>>225
|
Corn, FOB Russia
|
USD 235>>220
|
Corn, FOB Ukraine, 30,000+ MT
|
USD 235<<240
|
Sorghum, FOB Argentina port
|
USD 235<<240
|
Sorghum, FOB Texas
|
USD 228<<231
|
|
|
Soymeal, 48% protein, FOB NOLA
|
USD 405>>390
|
Soymeal, 48% protein, USA, Rotterdam
|
USD 435<<420
|
Soymeal, 47% pro, FOB Argentina
|
USD 360>>350
|
Soymeal, 48% protein, FOB Brazil
|
USD 365>>350
|
|
|
Soybeans, FOB NOLA
|
USD 470 flat to August
|
Soybeans, Argentina, FOB
|
USD 430<<465
|
Soybeans, Brazil, FOB
|
USD 450<<470
|
Soybeans, Black Sea
|
USD 440<<450
|
|
|
Corn Gluten Meal, USA FOB NOLA
|
USD 650<<675
|
Corn Gluten Feed, USA FOB NOLA
|
USD 185>>180
|
DDGS corn, 35 profat, USA FOB NOLA
|
USD 260>>255
|
SECTION 2 --- FISHMEAL COMMENTS AND PRICES: PERUVIAN “INDICATION” FISHMEAL PRICES:
South Peru --- to date catch 157,300 m/t – quota balance 93,700 m/t.
North/Center Peru --- to date catch 466,883 m/t – quota balance 1,447,166 m/t.
No South catch and only 3,500 in North/Central due to fishing ban.
According to a recent trade article, world fishmeal prices are up by 60% compared to 2025 and there seems to be no reason to expect lower prices in the short-term ---much will depend on Peru getting back to fishing and having a period of good catch numbers. Market prices for both fishmeal and fish oil are at record high levels.
The Peru fishing ban has been extended for another 15 days until June 11 ---- this will certainly keep prices firm.
There were comments in trade reports on how positive the government’s fishing ban action is for the industry --- it shows that the government is well aware of responsible fishing and sustainability of the biomass. So, while we are all worried about supply shortages and high prices the Peru government is looking after the long-term situation. It seems to be short-term pain for long-term gain.
There is no new business to be reported in Peru but estimated price levels are up by at least USD 100 m/t.
Fishmeal prices in China are also moving much higher as stocks on hand slip lower --- estimated stocks in China ports are at 178,000 m/t.
2026 Peru fishmeal export numbers for January to April show 370,000 m/t of fishmeal shipped, down by 28% from 2025 with 76.1% to Asia and 16.0% to Europe. China’s fishmeal imports for the same period are at 544,000 m/t down by 12.85%
European fishmeal prices – FOB North German port.
Type
|
Protein %
|
Price per
MT USD
|
Standard Herring
|
64% protein
|
$2015
|
Danish standard fishmeal
|
71% protein
|
$3015
|
Peru fishmeal
|
65% protein
|
$2700
|
Chile fishmeal
|
67% protein
|
$2670
|
Iceland fishmeal
|
71% protein
|
$3160
|
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
|
2650/2670
|
|
66% protein 120 TVN
|
2700/2720
|
|
67% protein 150 TVN
|
2800/2820
|
|
67% protein 120 TVN
|
2840/2860
|
2840/2860
|
67% protein 1000 hist, 120 TVN
|
2900/2920
|
2900/2920
|
68% protein 500 hist, 100 TVN
|
2950/2970
|
2950/2970
|
|
|
|
Fish oil, crude bulk – feed grade
|
No prices
|
6400/6500
|
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
|
No prices
|
INFORMATION: TVN = total volatile nitrogen, hist = histamine
Copyright © 2026 Wayne S. Bacon
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