Wheat Futures Continue to Decline on Improving Conditions
Feed and grain prices were mixed on Wednesday, with gains in the soybean complex and 2020/21 corn contracts while deferred corn futures and wheat prices fell. A survey suggesting farmers would plant more corn and wheat acres and fewer soybean acres than the United States Department of Agriculture (USDA) predicted at its Agricultural Outlook Forum last month contributed to the strength in soybean futures. The report also contributed to the selling of wheat and deferred corn contracts. However, the recent improvement in growing conditions in the U.S. Plains also pressured wheat values.
Soybean futures rose by more than 1/2 percent (May contract +9 1/2 cents per bushel) on the strength in soybean oil prices, gains in 2020/21 soybean meal contracts, and concerns about additional harvest delays in Brazil. The most…
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...