With soybean inventories falling to a 2-year low of 6.5Mt, crushing margins are still positive and have found support at +44$/t.
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Tanker Fleet Developments
Amid aging fleets, contracting challenges, and rising demand for modern, efficient vessels, the tanker fleet is set for substantial growth in 2025 and beyond, with approximately 23.2m dwt scheduled for delivery this year, primarily driven by coated product tankers.