11.27.2023
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...
Participants in the market reported one active trade on wheat midds today. Sources mentioned that prices in Minneapolis are under pressure, resulting in a decline in values. This can be attributed to reduced run times and the challenge of moving feed due to sluggish demand.
CME grain pricing was mixed today. September corn increased by $0.0350, rising to $4.73/bu. September wheat decreased by $0.0825, dropping to $5.89/bu. September soybeans moved up, with an increase of $0.0200 and settling at $13.36/bu. Additionally, September soymeal prices decreased by $4.90, falling to $399.60/st. The variation in values was caused by the recent USDA export sales data and concerns over an anticipated change to hot, dry weather which may reduce the upcoming U.S. harvest.
Weekly Export Sales – Released August 17, 2023
Weekly soybean export sales for August 10th in the 2022/23 marketing year were 93.6…