UK-based transport fuels supplier Greenergy announced on Thursday July 10 that it will begin the consultation process to cease production at its biodiesel plant in Immingham, in the northeast of the country, in the latest blow to the UK's renewable fuel sector.

Vegoils futures traded broadly in positive territory on Wednesday July 1. In Asia, crude palm oil (CPO) futures rose steadily on higher related vegoils, while soyoil futures rallied on the Chicago Mercantile Exchange amid a drop in US stocks and as US biofuels developments were in focus.

This is a sample of Fastmarkets’ weekly recap of the main movements in global cash markets.

Fastmarkets has corrected its daily AG-PLM-0012 refined bleached deodorised (RBD) palm olein, fob Indonesia price assessment, which was published incorrectly on July 7 due to an input error.

The corrections are as follows: AG-BRY-0004 Barley Feed barley FOB Argentina $/mt Incorrect prices: August $119.00 per tonne Corrected to: August $219.00 per tonne Fastmarkets’ pricing database has been updated to reflect this change. These prices are part of the Fastmarkets Ags Grains package. For more information or to provide feedback on this correction notice or […]

This consultation was done as an adhoc methodology review process, aiming to better reflect the physical market under indexation, considering its reduced liquidity linked to the combination of seasonal demand patterns and the implementation of cross-border import tariffs between the US and China. No feedback was received during the consultation period and therefore Fastmarkets will […]

The corrections are as follows: AG-WHE-0028 Wheat 13.5% FOB Canada CWRS $/mt Incorrect prices: M1 July $279.00 per tonne M2 August $53.75 per tonne M3 September $55.50 per tonne M4 October $48.25 per tonne M5 November $48.25 per tonne M6 December $50.25 per tonne M7 January $41.00 per tonne M8 February $39.25 per tonne M9 March […]

The Wheat 10% FOB US Pacific Northwest SW market typically trades on an outright price basis instead of as a premium to Chicago Mercantile Exchange futures. For that reason, Fastmarkets proposes to discontinue the AG-WHE-0025 Wheat 10% FOB US Pacific Northwest SW Premium c$/bu assessment while keeping its AG -WHE-0027 Wheat 10% FOB US Pacific Northwest SW […]

The Brazilian National Energy Policy Council (CNPE) will increase the country's biodiesel mandate to 15% starting on August 1, from the current blend of 14%, the council announced on Wednesday June 25. It will also increased the percentage of anhydrous ethanol in gasoline from 27% to 30%, also starting from August 1.

US and European wheat futures advanced for the first time in six sessions on Friday June 27 while market participants speculated that this week’s price declines were steeper than justified by market fundamentals and after China and the US confirmed that they reached a trade agreement.