The London Metal Exchange has been fined $12 million by the Financial Conduct Authority (FCA) for its role in the rollercoaster nickel market saga three years ago

In the week to March 13, US soybean meal and soybean cake sales fell slightly, while exports increased, the latest USDA figures released on Thursday, March 20 showed. US 2024-25 soybean meal and cake sales reached 182,200 tonnes, down by 1% on the week and by 20% from the four-week average, but within average market […]

Fastmarkets has corrected its MB-IRO-0188 - Iron ore 67.5% Fe pellet feed cfr Qingdao and MB-IRO-0013 - Iron ore 65% Fe concentrate cfr Qingdao indices, which were published incorrectly on Wednesday March 19 due to a technical calculation error.

Fastmarkets invited feedback specifically on how to treat quarterly contracts in the monthly index calculation. Feedback received regarding this matter was divided, as some thought it is more important to take the quarterly deals into account separately, whereas other respondents did not see major differences and suspected this would make the price collection more difficult. […]

The details affect the following prices:AG-SYB-0079 Crush Margin, China Soy (US Gulf), M1, yuan per tonneAG-SYB-0082 Crush Margin, US Soy, M1, c$ per bushelAG-SYB-0080 Crush Margin, Brazil, Soy, M1, $ per tonneAG-SYB-0078 Crush Margin, China Soy (Brazil), M1, yuan per tonneAG-SYB-0081 Crush Margin, Argentina Soy, M1, $ per tonneFastmarkets clarifies that, where the value of a futures contract is factored […]

Malaysia’s palm oil exports during March 1-15 totalled 381,790 tonnes compared with 422,425 tonnes the preceding month due to lower purchases from key destination markets, according to figures from cargo surveyor Intertek Testing Services (ITS).The figure excludes shipments of soft oils, coconut oils and used cooking oil (UCO), with the volume down by 10%, or […]

Markets thrive when they are informed and have a measure of certainty that includes benchmarks on which they can rely. Biodiesel producers in the US have been lacking this certainty, and a majority of their production capacity remains idled as a result. A Fastmarkets biodiesel production survey under way in the week ending Friday, March […]

Timber prices continue to remain subdued by our estimates. Log demand and prices have declined in most major North American producing regions as the US housing market throttled back and mills were temporarily shut or reduced shifts. Timber prices are influenced by many factors, one of which is lumber prices. In the US, roughly 70% […]

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The name of the index will be modified to steel scrap, sheared HMS 1&2 (80:20 mix), index, domestic, delivered UAE. This will clarify that the index covers sheared HMS 1&2 and not unprocessed HMS 1&2 material, which is also available in the market. The change to the name of the price will not affect historical […]