The slowdown in animal fats demand was caused by various reasons, including the oversupply of feedstocks, cheap biofuels tickets and negative production margins, sources told Fastmarkets Wednesday.

The drop was influenced by high freight rates and an ongoing European Commission fraud investigation.

Fastmarkets has corrected its assessment of the AG-SYB-0022 Soybean FOB US PNW $/mt, which was published incorrectly on Wednesday August 21.

Fastmarkets will not publish any price assessments for wheat, barley, corn, vegoils and meals for Europe, Ukraine and Russia, nor Black Sea sunflower, on Monday August 26 due to holidays in Ukraine and the United Kingdom.

The UK government’s first release of provisional biofuel data for the calendar year to the end of July 2024, published on Wednesday August 14, reveals a notable decline in renewable fuel activity compared with the same period last year.

French soft wheat conditions declined by 1 percentage point in the week to August 12, according to a weekly report released by farm agency FranceAgriMer on Friday August 16.

Fastmarkets launched price assessments for AG-RSD-0005 rapeseed cpt crush plant and AG-RSD-0006 rapeseed cpt POC on Monday August 19, 2024.

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.

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.