CME grain prices shifted significantly higher across the board on Wednesday. December soymeal increased by $14.00 and closed at $413.80/st. November soybeans surged by $0.1425 and settled at $13.11/bu. Additionally, December corn rose by $0.03, reaching $4.92/bu, and December wheat jumped by $0.0975 to $5.80/bu. Grains experienced an upward trend, with bargain buying and optimistic demand driving the market. Soybeans witnessed substantial double-digit growth as market players await the release of fresh export data from the USDA tomorrow. Corn prices also rose due to spillover strength from gains in wheat and soybean futures.
Weekly Ethanol Update
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09.13.2024
Haffner Energy to spin off SAF division as independent company
French-based technology company Haffner Energy will spin off its sustainable aviation fuel (SAF) division into an independent entity called SAF Zero, the company announced on Friday September 13.
09.13.2024
Animal fats and oils markets end week stable to lower as SBO, HO continues decline
Prices for used cooking oil (UCO) were slightly lower on Friday September 13, as the heating oil (HO) and soybean oil (SBO) markets continued to slump, closing out the...
09.13.2024
Lackluster trade volume keeps most animal proteins flat
A quiet tone was noted by most market sources in the US animal proteins market for the week to Friday September 13. The only price adjustments were on bloodmeal,...