The Out of Office Effect (28.06.2021)
A trader usually has limited resources when it comes to strategizing the best price to offer into the market for a particular product. The easiest way to go about setting a price is to use the Cost Plus technique - simply add the costs you will incur to the price given by your supplier along with a set profit margin.
Amino Acids Trending Downward as the Industry Evaluates Next Steps (22.06.2021)
We’ve written previously about the looming summer lull when buyers are no longer able to help producers move the growing stock levels in their warehouses. This comes at a time when the supply and demand sides of the market are showing different indicators.
The Foxes that Guarded the Henhouse (21.06.2021)
The financial world will begin what some are calling a once-in-a-lifetime transition this year, and the team at Glowlit is here to learn from it. The London Interbank Offered Rate (LIBOR) will be phased out beginning in December of this year, with the final stage of the process set to be completed in June 2023.
Folic Acid & Valine - May 24th 2021 (24.05.2021)
New grade of L-valine approved in the EU On April 30, 2021, L-valine produced by Corynebacterium glutamicum CGMCC 7.358 was authorized by the European Union. Previously, the EU had approved Daesang Europe’s production of L-valine using Escherichia coli KCCM 80159.
Back to Back (23.05.2021)
$1,370,000,000,000 This is the amount of money that was wiped out in the cryptocurrency market from its high on May 12th until its crash on May 19th. The cryptocurrency market cap, meaning the estimated total value of the assets traded, reached a record $2.
Sustainability Analysis More Important Than Ever (10.05.2021)
As our climate changes and brings with it new challenges across the globe, a wave of backlash against industrial agriculture is changing consumer behavior and causing governments to take action. One of the latest examples is a Netflix documentary titled Seaspiracy from filmmaker Ali Tabrizi.
DDGS & Meat and Bone Meal- April 19th 2021 (19.04.2021)
Spot prices of DDGS are stabilizing as the supply fundamentals for soymeal become clearer ahead of the summer months. We’re expecting more soy, and lower prices. Concerns over drought in the Western portion of the United States are leading traders to supply farms that usually don’t supplement their feed with DDGS.
Wishful Thinking (18.04.2021)
In 2013, a group of people participating in a study were shown charts presenting 90 days of wheat prices. The group was asked to predict the price in 10 days. Half of the group was told that they were “bakers” who would profit if the price of wheat fell, while the other half were told that they were “farmers” who would make money if the price of wheat rose.
Vitamin B5 and Threonine See Fundamental Supply Shifts (12.04.2021)
In March, the USDA estimation of planting caught the industry by surprise, which had expected higher availability of corn and soy than reported. Last week, the monthly World Agricultural Supply and Demand Estimates (WASDE) report was released, and as expected, showed sufficient supply owing to larger crop from Brazil.
Biotin Prices Stable for Now (22.03.2021)
The global price of Biotin has remained stable over the last 5 months, coming down from a peak in March 2020. A recent intellectual property settlement between DSM and Anhui Tiger Vitamin could put an end to this market stability.
Tryptophan Prices Skyrocketing (22.03.2021)
Tryptophan prices have increased 66% globally in the last two months. Other amino acids have increased in a similar fashion. In addition to global issues in freight and rising commodity prices, a recent announcement from the Inner Mongolia Region of China may place further upward pressure on amino acid prices.
Lysine - March 15th 2021 (15.03.2021)
Commodity prices have decreased in China's Dalian Commodity Exchange following concerns of an African Swine Fever (ASF) resurgence. Last week corn prices in Northeast China fell for three consecutive days, by about 90 Yuan/ton (14 USD/ton).
Stuck in a Phantom Traffic Jam (15.03.2021)
You’re cruising down the highway when all of a sudden endless rows of brake lights appear ahead. There’s no sign of an accident, no stoplight, no change in speed limit or narrowing of the road. So why is there so much traffic?
Vitamin E50 & Threonine - March 9th 2021 (10.03.2021)
Threonine As corn continues to increase, amino acid manufacturers are raising the price of Threonine. As market prices continue to hit new highs, buyers are preferring shorter term spot deals that leave room for price relief in the near future.
Baby Boom or Bust (08.03.2021)
Last week we looked at the history of commodity supercycles, zooming in on the period immediately after the Industrial Revolution when the price of corn rose at a staggering rate. We looked at the factors underpinning a supercycle using the power of historical hindsight.
Methionine & Calpan - March 1st 2021 (01.03.2021)
Methionine Last week was extremely volatile for the United States methionine market. On Thursday (February 25th), the U.S. Department of Commerce set early anti-dumping duties up to 135% against foreign amino acid imports in a preliminary finding that Japan, France and Spain methionine producers were selling the product at below market prices.
Supercycle Lessons from History (01.03.2021)
Source: Stifel Report June 2020. Note: Shown as 10yr rolling compound growth rate with polynomial trend at tops and bottoms. Blue dotted line illustrates a forecast estimation. Source: Warren & Pearson Commodity Index (1795-1912), WPI Commodities (1913-1925), equal-weighted (1/3rd ea.
Vitamin C - 99% & Phosphate 35%- February 22nd 2021 (22.02.2021)
Around the world, vitamin C is in short supply. Distributors fortunate enough to have stock are raising prices and allocating goods to the most urgent demand. Prices of vitamin C have increased by 200% in less than a month, with spot offers entered into Glowlit reaching double digits in USD.
Shifting sands in the supply chain world (22.02.2021)
Countries are flexing their control over soft commodities markets amidst continued rising prices around the world. We are seeing yet another wave of protectionist policies intended to control domestic grain prices.
Choline Chloride & Vitamin A- February 15th 2021 (15.02.2021)
When we look at the cost structure of Choline Chloride there are three moving targets for us to keep track of: production of raw materials, shipping costs and customer demand. The main feedstocks for Choline Chloride are ethylene oxide (EO) and trimethylamine.