Sources reported two trades on wheat midds today, indicating an increase in the price range for Minneapolis and steady levels for Kansas City. Market participants observed a slight bounce as Thanksgiving week approaches with reduced run times.
CME grain pricing showed a negative trend today. December corn decreased by $0.075, falling to $4.70/bu. December wheat fell by $0.115, dropping to $5.60/bu. January soybeans shifted down, with a decrease of $0.0475 and settling at $13.85/bu. Additionally, December soymeal prices lowered by $4.40, reaching $469.20/st. The primary factor behind today’s market activity was the rainy forecast in Brazil, resulting in a decline in grain prices across the board. Despite positive projections for the USDA’s upcoming export data and a record-breaking U.S. crush last month, the soybean market still faced a slight setback.
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11.20.2024
Biodiesel supply tightens heading into the new year
Producers, blenders and fuel suppliers are reporting a slowdown in trading this week. A Fastmarkets survey of participants showed that overall sentiment has the market slowing ahead of...
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California UCO prices climb; DCO production eases slightly from record high
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US animal proteins steady; avian flu in birds increases in fourth quarter
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