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BMTI—daily and independent—and its research experts supply a high quality information service for the international dry bulk shipping industry including DAILY FIXTURE REPORTS, SHORT SEA REPORTS, MARKET REPORTS and special RESEARCH STUDIES.
BMTI’s reports and studies, published in English, provide unbiased professional analyses of the important trend-indicating developments in the international dry bulk shipping markets—clearly, accurately and concisely.
Latest BMTI Blog Entry…
- Dry Bulk Commodity Overview (23 Aug 2019)
European wheat prices appear to be firming on the back of a softer euro and renewed optimism for the EU wheat crop. Paris prices rose by EUR 0.5/mt at the end of last week to EUR 173.25/mt for December milling wheat contracts after reaching a contract low at the start of the week some EUR 3/mt lower. The euro, however, has been falling since the start of August, making euro-denominated wheat more attractive for dollar buyers on the global marketplace. Analysts including Strategie Grains have responded to the turnaround by upgrading their export forecasts for EU soft wheat in the present season. Fresh optimism about the German wheat harvest, albeit delayed by recent rainfall, has driven new sales in the domestic market with some traders claiming that as much as 0.25 Mt has already been purchased from this season’s new German crop. More than 90% of the current German wheat crop has already been harvested, making sales activity less vulnerable to shifting weather conditions going forward.
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