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US-based sustainable aviation fuel (SAF) producers, aiming to circumvent tariffs, seem to be the most-viable outlet for Brazilian tallow exports in August, sources told Fastmarkets. Since US President Donald Trump announced a 50% tariff on imports of Brazilian goods on July 9, market participants have scrambled to find alternatives.
The Russian grain harvest had reached 33.75 million tonnes from 10.32 million hectares as of Monday July 21, according to official government data. Harvest progress had advanced to 21.5% of the planned 47.92 million ha, a rise of 7 percentage points in one week from 14.5%.
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Black Sea wheat prices have surged in recent weeks due to tight supply and rising domestic demand, with market dynamics and harvest progress hinting at potential further shifts in the weeks ahead.
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