CME grain prices were mixed on Friday. May wheat declined $0.185, closing at $5.57/bu, and May soybeans increased by $0.105, settling at $11.51/bu. In addition, May soymeal rose by $3.10 to $332.30/st. while May corn dropped by $0.0475 to $4.24/bu. Soybean prices showed double-digit gains after a round of bargain buying due to an expected record-breaking harvest taking place in Brazil, coupled with large global supplies. Sluggish U.S. exports led to a significant decrease in wheat prices, while corn prices faced losses mainly caused by spillover weakness from the wheat market.
Weekly Soybean Crush
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05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
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Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
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Year-to-date commercial cattle production falls 2.30% y-o-y
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US hog slaughter
Fastmarkets research...