*Ryan Capozziello was out of the office for the day and will return on Thursday, August 3.*
Values for the CME grains were lower at mid-week. Soybeans were lower by $0.3075 to $15.46/bu, while corn dropped $0.1725 to $5.40/bu. Additionally, soymeal was at $464.70/st with a decrease of $10.90. Wheat dropped $0.4025 to settle at $7.20/bu. Most items moved lower for the day on the drop in the U.S. credit rating, favorable weather conditions in much of the Corn Belt, and the continued war between Russia and Ukraine.
Weekly Ethanol Update
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09.13.2024
Haffner Energy to spin off SAF division as independent company
French-based technology company Haffner Energy will spin off its sustainable aviation fuel (SAF) division into an independent entity called SAF Zero, the company announced on Friday September 13.
09.13.2024
Animal fats and oils markets end week stable to lower as SBO, HO continues decline
Prices for used cooking oil (UCO) were slightly lower on Friday September 13, as the heating oil (HO) and soybean oil (SBO) markets continued to slump, closing out the...
09.13.2024
Lackluster trade volume keeps most animal proteins flat
A quiet tone was noted by most market sources in the US animal proteins market for the week to Friday September 13. The only price adjustments were on bloodmeal,...