CME grain prices were mixed on Wednesday. December wheat saw an increase of $0.1225, closing at $5.56/bu, and January soybeans recorded a gain of $0.005, settling at $13.47/bu. In addition, December soymeal dropped by $6.00 to $444.30/st, and December corn decreased by $0.0175 to $4.49/bu. Technical buying was prompted by Russia’s announcement of a durum export ban in the first half of 2024, leading to double-digit gains for wheat. Meanwhile, corn experienced a decline, as U.S. export demand weakened after recent weeks of strength.
Weekly Ethanol Update
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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...