The situation in Iran continues to lead the market --- if not with grain certainly with fuel costs. Ocean freight rates are moving higher due to greatly increased fuel cost and higher insurance costs. Fuel costs in Asian ports are reported to be up by at least 50% and availability could become a problem.......please click PDF to see more details

The Iran situation is about the biggest factor in all markets this week as sellers and buyers try to understand what the actual effect will be and where prices are heading over the next few weeks...........please click PDF to see more details

US corn prices finished the week almost USD 4 m/t higher with US soybeans up by USD 6 m/t and US soymeal up by USD 5 m/t. US winter wheat was up by as much as USD 6 m/t with spring wheat moving up by USD 5 m/t........please click PDF to see more details

The big news at the end of the week was the US Supreme Court ruling against all the import tariffs put in place by the Trump government. One has to wonder if the US will actually have to refund all the “illegal” tariffs that have been paid. It is expected that by early next week there will be some action to replace these tariffs with something just as onerous. .....please click PDF to see more details