CME grain prices had an upwards trend on Thursday. March wheat increased by $0.0875, closing at $6.42/bu, and January soybeans jumped by $0.1625, settling at $13.11/bu. In addition, January soymeal dropped by $1.70 to $406.80/st. and March corn rose by $0.0375 to $4.88/bu. Soybean prices have soared by double digits fueled by concerns over Brazil’s production capabilities, along with strong export sales in the U.S. Similarly, corn prices rose as a result of positive export sales data released by the USDA. Market players are primarily focused on the upcoming WASDE report that is set to be released tomorrow.
Weekly Export Sales – Released December 7, 2023
Soybean export sales for the week ending November 30th, in the marketing year 2023/24, amounted to 1,517.6 thousand metric tons (TMT). This represented a decrease of 377.7 TMT compared to last week and was below the prior four-week average of 1,947.3 TMT….
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September renewable diesel shipments to West Coast reach new high
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Gulf UCO prices continue to rise, Midwest fats remain ‘soft’
Prices for used cooking oil (UCO) delivered to the US Gulf Coast continued to climb on Tuesday December 10, even as markets softened in other regions.
Sizeable volumes...
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Bloodmeal prices rise with strong demand
Ruminant bloodmeal traded higher late Monday and on Tuesday December 10, up to $1,200 per short ton FOB Missouri River.
The move comes due to increased demand and...