**Please note, The Jacobsen will close at 1:00CT on Wednesday and will not publish a bulletin on Thursday and Friday in observance of the Thanksgiving holiday.**
Most CME grain prices witnessed a downward trend on Wednesday. The only grain that experienced an increase was December wheat, which rose by $0.0075 and closed at $5.55/bu. January soybeans decreased by $0.2075 and settled at $13.56/bu. Additionally, December soymeal dropped by $1.10 and closed at $458.10/st., and December corn fell by $0.0125 to $4.68/bu. After two days of impressive movement, soybeans have now fallen by double-digits. The market is expected to be influenced by the weather in South America, and market players will closely observe if the predicted rainfall in the central-west region will have a positive impact on the planted crop.
Weekly Ethanol Update
12.20.2024
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