Grain trade on Weather

Grain trade on Weather

 

Weekly Recap – Expected Rain Lowers Corn and Beans; Global Wheat Stock Reductions Buoy Wheat

Soybean futures moved lower on a weekly price basis for the second time in three weeks. The bullish run, which began during the week ending May 29 may have paused as soybean prices experienced fractional declines last week. Excessive heat was a concern heading into last week, but the forward outlook includes additional rain across the Midwest, which could help to boost crop conditions. Soybean prices declined 8.9 cents per bushel for the August and September contracts, pulling back from March highs. Price resistance is seen at $8.99 versus initial support at $8.80 followed by secondary support at $850. Futures prices finished the week 15 cents per bushel above values seen at this time last month and 27 cents over pricing two weeks…

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11.13.2024

Neste, Air Canada sign SAF agreement for Vancouver

Neste, Air Canada sign SAF agreement for Vancouver

Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...

11.13.2024

CWG prices up slightly; DCO movements mixed

CWG prices up slightly; DCO movements mixed

The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...

11.13.2024

2024/25 grain consuming animal unit headcounts increase by 0.39%

2024/25 grain consuming animal unit headcounts increase by 0.39%

Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...

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