South American feedstock markets have rarely been harder to read. Tariff reversals, record-wide price spreads and shifting biofuel policy are redrawing trade flows month to month.

This Fastmarkets briefing pulls the picture together in one place, drawing on independent pricing intelligence and the analysis of our senior reporting team.

• ✓ How US and Brazilian biofuel policy is reshaping demand for soybean oil, tallow and meal
• ✓ Why South American export premiums and the CME benchmark have pulled to record-wide spreads
• ✓ Where tariff shifts are opening and closing trade routes for Brazilian tallow
• ✓ What the strongest crush margins since 2018 mean for meal, corn oil and the animal feed outlook

Plus a first look at the themes and market figures taking the stage in São Paulo on 10 August.