Market Update
CME grain pricing displayed positive movement, apart from soybean meal decreasing by $3.60 to reach $412.80/st. Corn had an impressive surge of $0.0350 and is now priced at $6.43/st, due to forecasted rainfall in the Midwest. Meanwhile, soybeans gained $0.1075 to reach $14.77/st, and wheat saw a hike of $0.0775 to stand at $6.95/st.
Soybean Recap June 20th
At the start of the week, U.S. soybean futures edged higher following the extended weekend. The fluctuation could be caused by recent forecast that indicates no rainfall in the Midwest, causing persistent drought conditions for recently planted corn and soybean crops. Additionally, weakening demand from China is keeping the markets from attaining multi-month highs as they did last week.
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01.13.2025
Glycerin prices unchanged; buyers, sellers cautious about market trend
80% crude glycerin prices are being quoted in the $0.17-0.20 per pound range this week. Kosher crude glycerin prices were holding near $0.25 per pound, while refined glycerin...
01.13.2025
Animal fats and oils market quiet following 45Z news; cattle slaughter projected to decline in coming weeks
The US animal fats and oils markets began the week on a quieter note on Monday January 13, as
01.13.2025
Weekly hog slaughter forecast at 2.57 million into February
US animal protein prices were steady day on day on Monday January 13.
Chicago Board of Trade (CBOT) March soybean meal moved higher for Monday on a round...