Most CME grain prices were higher on Wednesday. The only grain market with a decrease was March wheat, which dropped by $0.1025 and closed at $5.95/bu. March soybeans jumped by $0.035 and settled at $12.22/bu. Additionally, March soymeal increased $5.30 and closed at $368.30/st, and March corn rose $0.005 to $4.48/bu. World geopolitical issues and the Federal Reserve’s rate decision limited grain futures throughout most of the day. Wheat prices faced double-digit losses following a round of technical selling, primarily due to large global stocks and ongoing competition overseas. Soybean and corn prices showed minor gains from some late-session technical buying.
Weekly Ethanol Update
…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...