Appeals Court Strikes Down EPA’s Denial of SREs
*Please Note – Bob Lane was out of the office today and will return on Tuesday, November 28, 2023.
On November 22, a U.S. appeals court struck down a decision...
Trading activity for wheat midds in the central states was steady even with accounts of reduced run times. Market participants noted that bids are wide in the deferred market due to the volatility of the corn board. Nearby Buffalo market is under pressure with continued weekend run time and weak demand in the Northeast.
CME grain pricing showed a positive trend today, with September corn experiencing an increase of $0.0550, reaching $4.69/bu, due to support from renewed supply concerns in the Black Sea. September soybeans saw a significant jump of $0.1150, settling at $13.34/bu, driven by optimism for export demand as we approach the peak export season. Additionally, September soymeal prices rose $0.70, reaching $404.50/st, while September wheat slightly declined by $0.0075, dropping to $5.97/bu.
Weekly Ethanol Update