05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
CME grain prices were mixed on Tuesday. March wheat increased by $0.16, closing at $6.25/bu while January soybeans dropped by $0.1225, settling at $13.23/bu. In addition, January soymeal dropped by $2.90 to $410.30/st, but March corn rose by $0.0375 to $4.85/bu. Rising concerns over Brazil’s growing conditions have caused an increase in corn prices, while the recent disruption of soybean planting caused a double-digit decline in soybean prices. However, China’s growing demand for U.S. wheat exports has been a major factor for wheat gains.
Weekly Grain Inspections
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