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 decreased $0.095, closing at $5.79/bu, and October soymeal dropped by $3.90 to $390.10/st. Additionally, November soybeans experienced a slight increase of $0.005, settling at $13.03/bu. Furthermore, December corn increased by $0.035 to $4.83/bu. Similar to the factors impacting corn prices, soybeans have also experienced gains as a result of delays in the U.S. harvest due to rain, increased exports from Brazil, and ongoing market concerns surrounding potential yield losses.
Weekly Ethanol Update
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