Feb 22, 2022

ADM Sets Record for Single Soybean Shipment

Shipment represented the largest volume ever on a grain vessel from ports located in the Amazon Basin

ADM said on Tuesday it has carried out the largest soybean shipment in the history of the Ponta da Montanha Grain Terminal (TGPM), located in the northern Brazilian city of Barcarena, as it shipped 84,802 tonnes in a single vessel.

It also represented the largest volume ever shipped on a grain vessel from ports located in the Amazon Basin, the company told Reuters.

ADM-owned bulk carrier MV Harvest Frost, which is 237 meters long and 40 meters wide, set sail last week for the port of Rotterdam in the Netherlands, where the company also owns a terminal.

The company said all the soybeans moved will be crushed by ADM itself, obtaining products such as soymeal, cooking oil and biodiesel.

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Marketwatch: Jul, 03

US Corn Price Idx: ZCPAUS.CM

open: 7.1488
high: 7.3886
low: 7.0173
close: 7.0525

US Soybean Price Idx: ZSPAUS.CM

open: 15.7324
high: 16.5525
low: 15.3323
close: 15.3637

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 9.0002
high: 9.0773
low: 8.5501
close: 8.6212

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 8.1033
high: 8.308
low: 7.749
close: 7.8078