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...
**The Jacobsen will be closed on Monday, September 4, 2023, in observance of the Labor Day holiday.**
CME grain pricing experienced a downward trend today. September corn decreased by $0.0075, falling to $4.61/bu. September wheat declined by $0.0375, dropping to $5.73/bu. September soybeans shifted down, with a decrease of $0.2125 and settling at $13.60/bu. Additionally, September soymeal prices fell by $4.30, reaching $418.70/st. Grain prices were slow to move higher due to the lack of export sales and the upcoming seasonal harvest pressure.
Weekly Export Sales – Released August 31, 2023
Weekly soybean export sales for August 24th in the 2022/23 marketing year amounted to negative 50.7 thousand metric tons (TMT). This represents a decrease of 415.6 TMT compared to last week’s total and is below the previous four-week average of 189.3 TMT. The sales for the 2023/24…