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Ocean freight rates follow rising bulk commodity demand

Ocean freight rates follow rising bulk commodity demand
Claire Hutchins
U.S. Wheat Associates
A spike in ocean freight rates is creating some heartburn for dry bulk commodity buyers who may be uncovered over the next few months as strong global demand for grain and coal stresses vessel supply. Fortunately, lower freight futures prices in the second half of 2021 could hold if commodity demand eases, as expected.
“We believe most of our wheat buying customers have booked freight already for April or May deliveries,” said USW Vice President of Overseas Operations Mike Spier. “We hope this spike in freight prices is short term because it obviously increases the landed cost of wheat from the United States and all other suppliers.” ....

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U.S. Wheat Associates: Wheat condition compromised by tough winter

U.S. Wheat Associates: Wheat condition compromised by tough winter
agjournalonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agjournalonline.com Daily Mail and Mail on Sunday newspapers.

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As temperatures warm, winter wheat status is unclear

As temperatures warm, winter wheat status is unclear
agriculture.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agriculture.com Daily Mail and Mail on Sunday newspapers.

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Weekly report aims to enhance wheat market knowledge

Weekly report aims to enhance wheat market knowledge
U.S. Wheat publishes a weekly price report that examines important information on the wheat market. Now, a new video helps to explain how to best utilize the repoft.
5:30 am, Feb. 5, 2021
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U.S. Wheat Associates publishes a weekly Price Report, released every Friday, that gives the world’s buyers what the organization calls an independently derived baseline of export prices for U.S. wheat by class, protein level, export region and delivery month. (Report screenshot)
Most farmers consider themselves fairly good at growing crops. Few producers think they re proficient at marketing what they raise. ....

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