There have been two articles run by major news outlets over the past two days discussing carbon-friendly commodity practices. The upshot is that decarbonization is coming to the agriculture markets. The WSJ ran an article today that discussed how commodity traders, such as Trafigura, could get cheaper financing rates by lowering commodities’ carbon production. Those discounts help produce and deliver the raw materials that power the global economy more sustainably. Decarbonization is becoming a vital issue for the metals market. This article follows a similar report focusing on agriculture. The Washinton post ran a piece that describes payments to farmers who use specific decarbonizing practices.
The article discusses how in 2020, a particular farmer became the first seller in a privately run farmer-focused marketplace that paid him $115,000 for practices that had sequestered just over 8,000…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...