Bean meal prices are consolidating and creating a flat pattern which is a contination pattern that shows a pause that refreshes. Resistance is hovering over prices, as the weather continues to drive price action. Largely favorable weather is stalling over soybean growing areas in Brazil and Argentina generating a cap for prices. Hedge fund traders added to short position in futures and options, while slightly…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...