Price ranges for wheat midds has remained steady for the day. Market participants have noted that demand seems to be strong, and the market continues to be tight with many weather scenarios to work through.
CME grain prices were mixed on Wednesday. March wheat increased by $0.0075, closing at $6.10/bu while March soybeans dropped by $0.12, settling at $12.36/bu. In addition, March soymeal dropped by $3.30 to $364.30/st, but March corn rose by $0.0025 to $4.59/bu. Grains were choppy today, with corn and wheat showing minor gains while soybeans dropped by double-digits. The decline in soybean prices was driven by a wave of technical selling, following Brazil’s cuts to its outlook for 2023/24 soybeans and rainy forecasts in South America.
Weekly Ethanol Update
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11.20.2024
Biodiesel supply tightens heading into the new year
Producers, blenders and fuel suppliers are reporting a slowdown in trading this week. A Fastmarkets survey of participants showed that overall sentiment has the market slowing ahead of...
11.20.2024
California UCO prices climb; DCO production eases slightly from record high
US animal fats and oils prices showed mixed trends on Wednesday November 20, with most market activity concentrated in the Gulf and West Coasts.
11.20.2024
US animal proteins steady; avian flu in birds increases in fourth quarter
US animal protein prices were steady on Wednesday November 20. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving weekend starting on Thursday...