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Basis indications for US interior and Gulf crude-degummed soybean oil were unchanged day on day but firmer week on week during the Monday, February 24 session. The basis on nearby Gulf crude-degummed soybean oil was assessed at a premium of 200-400 basis points per lb to March soybean oil futures on the Chicago Mercantile Exchange, […]
Brazilian tallow prices rose further in the week to Thursday, February 20, mainly supported by stronger exports. Suppliers kept their offers at higher levels despite unexpected changes in the country’s biodiesel mandate. The price reference for exported Brazilian tallow with a maximum of 15% free fatty acids (FFA), FOB Santos, was assessed at $1,050-1,080 per […]
Dry bulk freight rates for Panamax vessels in the Atlantic Ocean rose in the week to Wednesday, February 19, as increased cargo demand in the Americas supported rates. Freight rates for the Brazil-Northeast Asia route rose by $1.90 per tonne week on week to $34.70 per tonne, while prices for the US Gulf-Northeast Asia route […]