The phrase “a rising tide lifts all boats” is a metaphorical expression implying one general outcome tends to impact others within the market. In this case it is rising ocean freight values. According to a refined glycerin trader, “ocean freight prices have increased 200 percent in the last three weeks due to all the issues in the Red Sea.”
While most shipping of refined glycerin does not travel through the Red Sea, it has been noted that the shipping industry has been able to use this instance to raise pricing across the board. This is expected by many in the industry to trickle through to refined glycerin prices within the next few weeks.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...