CME grain pricing was lower today. March corn decreased $0.045, falling to $4.42/bu. March wheat fell $0.0175, dropping to $5.99/bu. March soybeans shifted down, with a decrease of $0.1475 and settling at $11.88/bu. Additionally, March soymeal prices were down $4.90 to $356.80/st. Soybean prices dropped by double-digits due to concerns over demand and the likelihood of a record-breaking Brazilian harvest. Corn and wheat prices showed a moderate technical setback, leading to losses following a somewhat choppy session.
December Soybean Crush Above Monthly, Yearly Levels
…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...