Turkey has reason to be cautious and should hope for rain in March and April if grain production is to be maintained in the country, an international conference in Dubai heard on Thursday, February 20. The warning came from the general manager of the Turkish Grain Board (TMO), Ahmet Güldal, speaking at the Intercontinental Commodity […]

Investment in the Danube region and other shipping routes meant that Ukraine would probably be able to continue exporting as much as 25 million tonnes per year of agricultural products, Anton Zhemerdieiev, chief commercial officer of Kyiv-based TAS Agro, said during the Intercontinental Commodity Exchange (ICE) conference in Dubai, on February 19-20. The investment has […]

China has announced additional tariffs of up to 15% on imports of US goods from March 10, with the new measures covering largely agricultural products, alongside restricted exports to 15 US companies, according to a notice posted by the country’s Ministry of Finance and Ministry of Commerce on Tuesday, March 4. Imports of agricultural goods […]

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 […]

The European Union’s weekly wheat exports amounted to 243,324 tonnes in the week to Sunday, February 16, according to initial data from the European Commission. Total wheat exports from the EU for the 2024/25 marketing year stood at 13.34 million tonnes, down by 36% compared with the same period in the previous marketing year, when […]

Prices for premium-grade tallow increased on Friday, February 14, with ten railcars of technical tallow trading at 56 cents per lb Chicago and ten railcars of edible tallow at 57.5 cents per lb, closing the week on a firm note. Lard also gained, with one railcar trading higher at 52 cents per lb Chicago. This […]

Fastmarkets will not publish any price assessments for US animal fats and oils, animal proteins, biomass-based diesel, hide and leather, grain and feed ingredients, organic/non-GMO and vegetable oils on Monday February 17.

US corn sales for the 2024-25 season were reported at 1.65 million tonnes in the week to February 6, up by 12% from the previous week and by 20% from the prior four-week average, landing within the USDA’s expected range of 800,000-1.7 million tonnes, USDA data showed on Thursday, February 13. Much of the increase […]