Trading for corn gluten products was relatively steady today. Sources reported one trade on CIF NOLA for corn gluten meal which resulted in a decline in the current price range. Meanwhile, other sources observed a lack of activity, reporting no change.
CME grain prices were mixed on Tuesday. December wheat saw an increase of $0.095, closing at $5.43/bu, and January soybeans recorded a rise of $0.1675, settling at $13.46/bu. In addition, December soymeal dropped by $8.40 to $450.30/st. and December corn decreased by $0.04, reaching $4.51/bu. The recent weather trends in Brazil have caused soybeans to surge by double digits as the region has experienced hot and dry conditions this season. On the other hand, corn prices decreased as a result of technical selling, fueled by the belief that the U.S. has successfully completed one of its biggest harvests on record.
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09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...