SCB Brokers Its First Platts-Based Brazil Soybean Swaps
Monday, July 01, 2019
By Megan Durisin and Isis Almeida
(Bloomberg) Two cash-settled swaps traded today based on the Platts assessment for FOB Santos prices, according to Jean-Baptiste Thebaut-Fries, a broker at the Nyon, Switzerland-based company.
- One 5,000-ton contract traded at $1.10/bushel over August CBOT futures, and another for October traded at $1.15/bushel over November futures
- Seller was Olam Europe BV and buyer was ETG, SCB says
- Brazil has widened its lead as the world’s top soybean exporter, and its prices have become less correlated with U.S. oilseed as Trump’s trade war with China roils global trade flows, spurring a need for new hedging products, Thebaut-Fries says by phone
- NOTE: Commodity Broker SCB Trades Its First Thai Rice Swap
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Millie Munshi, Patrick McKiernan
SCB Wins 6 Awards 2019
Tuesday, March 19, 2019
Energy Risk Commodity Rankings_ the return of geopolitical risk - Risk
SCB wins six awards in the Energy Risk Commodity Rankings 2019, click link for full story.
SCB Wins at the Energy Risk Awards
Sunday, August 19, 2018
Bethanie Castelnuovo, Chief Financial Officer at SCB, gives her reaction to SCB's wins at the Energy Risk Commodity Rankings 2018 and her thoughts on the organization's business outlook.
SCB were awarded Best Biofuel Broker, and Best Emissions Broker for 2018. Click here