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The AG-TLW-0002 bleachable fancy tallow – FOB Missouri River (cts/lb) had erroneously been published as 84.5 cents per lb on Wednesday. This has been corrected to 82.5 cents per pound. This price is a part of the Fastmarkets’ fats and oils package.For more information or to provide feedback on this correction notice or if you […]
US wheat futures and Euronext contracts were mixed on Tuesday June 16, with most US contracts moving lower, while Chicago soft red winter wheat futures posted gains. Euronext contracts also moved higher during the session. Global cash markets remained subdued, with limited activity as buyers largely stayed on the sidelines. Black Sea wheat prices are starting to trend lower under seasonal harvest pressure, while Australia, Europe and Argentina were broadly steady.
Soybean and soybean meal futures continued to ride on the coattails of the bullish National Oilseed Processors Association (NOPA) crush report on Tuesday June 16, with market chatter that China is bidding on — or indeed may have already bought — US beans for February, giving much-lauded impetus to further increases in futures markets over the period.
US trade union United Auto Workers and the Dauch Corporation, formerly known as American Axle, reached a tentative agreement on Wednesday June 10 that could restore the loss in demand for automotive steel resulting from a workers’ strike.
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