Sources reported quiet trading for wheat midds, indicating steady levels. However, market participants reported trades for DDGS with price ranges falling in both Indiana and Ohio.
Most CME grain prices witnessed a downward trend on Wednesday. The only grain that experienced an increase was December corn, which jumped by $0.025 and closed at $4.88/bu. November soybeans decreased by $0.19 and settled at $12.52/bu. Additionally, December soymeal dropped by $0.40 and closed at $377.10/st., and December wheat fell by $0.025 to $5.56/bu. The anticipation for the upcoming WASDE report by the USDA has caused most grains to close in the red today. Soybeans experienced a significant decline, with a double-digit drop attributed to the USDA’s latest crop progress report resulting in a one-point reduction in quality ratings.
Crop Progress October 10
The…
12.12.2024
California LCFS credit volumes rise, prices fall week on week
California Low Carbon Fuel Standard (LCFS) credit volumes were up sharply while the average credit price declined in the week ended Sunday December 8, figures released on Wednesday December...
12.12.2024
Grease prices continue to soften while Gulf UCO trades stable to higher
The US animal fats and oils markets continued to show mixed dynamics on Thursday December 12, with tallow markets remaining notably quiet while grease prices continued to soften across...
12.12.2024
Looming port strike adds negative price risk to animal protein markets: sources
Negative sentiment continued to hang over the meat and bone meal (MBM) markets on Thursday December 12, although trading reports were limited throughout the day.
Much of the...