09.20.2024
BOHO spread reaches two-month high
The BOHO spread rose sharply on Friday September 20 to its highest since late July, as October soybean oil futures on the Chicago Mercantile Exchange traded higher and ultra-low-sulfur...
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CME grain prices experienced a downward trend today with September corn decreasing $0.0900, closing at $4.69/bu, while September soybeans slumped $0.1325 to settle at $13.82/bu. In addition, September soymeal fell by $6.40 to reach $419.30/st. and September wheat decreased by $0.1825 to $5.69/bu. Over the past few weeks, the price of grains have experienced a significant amount of fluctuation. The hot weather of last week posed a risk to the quality of crops, although analysts were surprised to find that the USDA did not decrease ratings to the extent that they had anticipated.
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