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
…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...