CME grain prices were mixed on Thursday. December wheat saw an increase of $0.11, closing at $5.79/bu, while November soybeans recorded a decrease of $0.0875, settling at $12.79/bu. In addition, December soymeal rose by $0.30 to $429.50/st. while December corn dropped by $0.0075, reaching $4.79/bu. Following the release of the weekly export sales by USDA, grain prices experienced fluctuations. Beneficial rains in South America and harvest progress in the U.S. continue to be the primary drivers. Although wheat managed to recover from multiweek lows, there are still lingering concerns regarding black sea export logistics that are causing uncertainty.
Weekly Export Sales – Released October 26, 2023
The soybean export sales for the week ending October 19th, in the marketing year 2023/24, amounted to 1,378.2 thousand metric tons (TMT). This represents an increase of 6.3 TMT compared to last week and exceeds…
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,...