CME grain prices shifted higher across the board again on Thursday. December soymeal increased by $9.20 and closed at $423.00/st. November soybeans increased by $0.045 and settled at $13.15/bu. Furthermore, December corn rose by $0.13, reaching $5.05/bu, and December wheat jumped by $0.1375 to $5.94/bu. The combination of strong export demand and concerns over Brazil’s production potential in the 2023/24 season, due to drought conditions, has resulted in a notable rise in corn and wheat prices. Additionally, soybeans have also seen a positive shift, driven by the gains made in corn and wheat.
Weekly Export Sales – Released October 19, 2023
The weekly soybean export sales for October 12th in the marketing year 2023/24 amounted to 1,371.9 thousand metric tons (TMT). This represents an increase of 315.1 TMT compared to the total last week and exceeds the previous four-week average of 742.9 TMT. Export sales…
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,...