Fastmarkets launched assessments of the prices for AG-PF-0009 poultry fat, 2% FFA, DDP North-West Europe, and AG-PF-0008 poultry fat, 8% FFA, DDP North-West Europe, on Thursday August 15.

Fastmarkets senior analyst and forecaster, Tore Alden, answers six key questions on the challenges faced by the sustainable aviation fuel industry

The USDA raised estimates for US soybean production to 4.6 billion bu, surpassing previous records and market projections.

Sales of Argentine soybeans and corn rose for the 2024/25 marketing year but fell for 2023/24 in the week to July 31, while wheat sales increased week on week across both crop years, according to data released by Argentina’s agriculture secretariat on Wednesday August 7.

In July, low-grade consumption remained muted across key regions with the three main sectors, while the pallet market struggled with low prices and a surplus of recycled pallets.

Fastmarkets proposes to amend the pricing frequency of its three main European biodiesel assessments, both as outright prices and as premiums to the underlying gasoil contract, as well as its ultra low sulfur diesel assessment from a weekly basis to daily.

Speculators increased short positions in the US soybean market, driving the net short position close to a record high, while managed money investors reduced short positions in the corn market.

The international oil major BP has unveiled a $2.76 billion profit across its energy portfolio in the second quarter of 2024, a 6.4% increase on the corresponding period of 2023 and 1.2% higher than its first-quarter profits

Russia’s wheat export volumes from Black Sea ports were stable in the week ended Friday, July 26 compared with the previous week, at 574,653 tonnes, a Fastmarkets analysis of port line-up data showed.

Fastmarkets has discontinued its two Chinese used cooking oil prices delivered Europe.