Trading activity for wheat midds was steady in Buffalo and central states. Participants reported that the market was quiet with very slow business today.
Most CME grain prices witnessed an upward trend on Wednesday. The only grain that experienced a decrease was October soymeal, which dropped by $2.50 and closed at $395.90/st. November soybeans increased by $0.0325 and settled at $13.49/bu. Additionally, December corn rose by $0.0575, reaching $4.82/bu, and December wheat surged by $0.0975 to $5.97/bu. Wheat outperformed all grains today, fueled by renewed conflicts in the Black Sea. While soybeans benefited from the strong performance of corn and wheat but were limited by concerns over demand and upcoming seasonal harvest pressure.
Weekly Ethanol Update
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07.26.2024
US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand
On Friday July 26, the US Court of Appeals vacated at least some of the blanket small refinery exemption (SRE) denials made by the Environmental Protection Agency (EPA) in...
07.26.2024
Animal fats and oils trade freezes following soybean oil market drop on SRE report
Trading in the animal fats and oils market was quiet on Friday July 26; the California yellow grease market the only one to rise, with prices up to 31-32...
07.26.2024
Porcine bloodmeal, Missouri River, moves higher week on week; June commercial cattle, hog slaughter
US animal protein prices were highly mixed in the week to Friday July 26, with limited trade on both Thursday July 25 and on Friday. Porcine bloodmeal was the...