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...
CME grain prices were mixed today, December wheat declined by $0.0350 to $5.93/bu. December corn fell by $0.0175 to $4.80/bu, and November soybeans surged by $0.1075, settling at $13.60/bu. Additionally, October soymeal prices increased by $4.50 to reach $400.40/st. The uncertainty surrounding the future of Black Sea wheat exports applied pressure to wheat prices today. However, soybean prices experienced a double digit boost due to a round of technical buying, as analysts anticipate a positive soybean crush report from NOPA tomorrow.
Weekly Export Sales – Released September 14, 2023
Weekly soybean export sales for September 7th in the 2023/24 marketing year totaled 703.9 thousand metric tons (TMT). This is a decrease of 1,079 TMT compared to last week’s total and is above the previous four-week average of 105.3 TMT. The sales for the 2024/25 crop season were zero, resulting in a total of 703.9 TMT in sales….