Black Silo

Black Silo is a specialist grain and oilseed market intelligence company providing market reports, physical price data, professional training and commodity risk management support.

The company’s roots go back to 2001, when Noel Fryer began publishing the Fryers Reports to give commercial traders a concise daily view of global cash markets. Today, Black Silo continues this approach by combining directly sourced physical prices with analysis from people who have worked in trading, futures, options and risk management.

The Fryers Reports cover wheat, barley, corn, soybeans, rapeseed, sunflower, protein meals and vegetable oils across international markets. Particular attention is given to the EU and Black Sea region. Reports connect cash prices and market developments with the practical questions facing trading, procurement and risk teams, including origin competitiveness, physical availability, pricing pressure and hedge review.

Black Silo also provides structured physical market price data for companies that need historical and continuously updated price series for internal models, dashboards, analytics platforms and risk systems.

Through Fryers Trading Academy, junior traders and commercial analysts can develop a practical understanding of physical pricing, basis, futures, hedging and commodity risk. The programme combines on-demand lessons with live sessions led by an experienced commodity trader and risk manager.

Commodity risk management consulting is available for companies seeking help with risk frameworks, market exposure or an independent review of their current approach.

Black Silo works with physical traders, grain originators, processors, manufacturers, commercial analysts and risk managers across global agricultural markets. The company holds no commodity positions and brokers no physical or financial products.