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 pricing showed a negative trend today. December corn decreased by $0.0700, falling to $4.75/bu. December wheat fell by $0.1300, dropping to $5.75/bu. November soybeans shifted down, with a decrease of $0.2625 and settling at $12.93/bu. Additionally, October soymeal prices declined by $6.90, reaching $390.30/st. The grain market has been struggling to gain momentum this month, with noticeable losses seen in Thursday’s trading session. The weak export sales data from the USDA and harvest progress continues to apply downward pressure on the market.
Weekly Export Sales – Released September 21, 2023
Weekly soybean export sales for September 14th in the marketing year 2023/24 amounted to 434.1 thousand metric tons (TMT). This represents a decrease of 269.8 TMT compared to the total of last week and exceeds the previous four-week average of 293.4 TMT. Sales for the crop season 2024/25 were zero, resulting in…