CME grain prices were mixed on Thursday. December wheat saw an increase of $0.0375, closing at $5.65/bu, and January soybeans recorded a rise of $0.1325, settling at $13.28/bu. In addition, December soymeal dropped by $4.10 to $426.30/st. and December corn decreased by $0.05, reaching $4.70/bu. Following the recent release of export sales data by the USDA, combined with concerns over possible disruptions in the supply chain, corn prices continue to drop. However, soybean prices have surged by double-digits due to the dry weather conditions experienced in South America.
Weekly Export Sales – Released November 2, 2023
The soybean export sales for the week ending October 26th, in marketing year 2023/24, amounted to 1,010 thousand metric tons (TMT). This represents a decrease of 368.2 TMT compared to last week and falls below the prior four-week average of 1,153.8 TMT. Export sales for crop season 2024/25…
09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...