The Trump administration has concluded its investigation against Brazil under Section 301, with the country’s Trade Representative Jamieson Greer proposing a 25% tariff on the South American country’s imports but putting forth a list of exempted items.

EU wheat exports reached 19.23 million tonnes as of May 31, according to European Commission data, yet weekly flow data from Rouen port collapsed 66.6% to 72,923 tonnes in the week to June 3, pointing to a sharp deceleration in physical trade.

Soybean futures on the Chicago Mercantile Exchange were lower on Friday June 5 due to uncertainties around Chinese commitment to buy of US goods and a perfect storm in external and derived markets.

Fastmarkets’ weekly recap of the main movements in global cash markets.

CPO futures extended losses on Friday June 5, erasing most of the week’s gains as weakness in related oils weighed on prices, while CME soyoil futures also declined, pressured by falling crude oil, legal challenges to rising US biofuel blending mandates and profit-taking.

The publication of Fastmarkets’ soybean FOB Cascavel, Ponta Grossa, Rondonopolis and FAS Paranagua assessments for June 1 was delayed because of a wrong procedure. Fastmarkets’ pricing database has been updated.

The publication of Fastmarkets’ price assessments of poultry by-product pet food, poultry by-product feed grade as well as chicken meal for Tuesday June 2 was delayed due to a reporter error and technical issues.

There was a 7.6% year-on-year increase in raw materials availability in 2025, to 18.3 million tonnes, from 17 million tonnes processed in 2024, Dirk Dobbelaere, the secretary general of the European Fat Processors and Renderers Association (EFPRA), said in a market overview presentation during the association’s annual congress in Tenerife.

The publication of four of Fastmarkets’ calculated premiums was delayed from May 29 to June 1 because of a technical error. The June 1 price values will publish normally and were not affected by the delay.

Fastmarkets has corrected the assessments for AG-SYB-0015 Soybean FOB Brazil Santos premium c$/bu and AG-SYB-0014 Soybean FOB Brazil Santos $/mt published incorrectly on October 21, 2022, due to a reporter error.