US Gulf:
NOLA TSP barge trades were noted at $505-$512/st FOB, stretching from $510/st FOB at last report.
Eastern Cornbelt:
TSP was unchanged at $555-$565/st FOB in the Eastern Cornbelt, depending on location.
Western Cornbelt:
The TSP market remained at $550-$560/st FOB for prompt tons in the Western Cornbelt. Sources said October offers at St. Louis dropped to the $535/st FOB level, however, pending availability and the timely arrival of vessel tons.
Brazil:
Landed TSP prices moved higher, to $510-$525/mt CFR from the week-ago $510/mt CFR, amid a backdrop of dwindling end-season demand and low grain prices.
While demand remained limited in the domestic market, available supply was also thin, with several major suppliers unable to offer product for short-term delivery. Current negotiations are focused on delivery dates in late 2024 and early 2025, with prices noted around $640/mt FOB Rondonópolis. The unique fundamental conditions suggested potential price fluctuations in the medium- to long-term, complicating purchase planning.