CME grain prices were mixed on Wednesday. May wheat fell $0.20, closing at $5.31/bu, and May soybeans decreased by $0.0075, settling at $11.48/bu. Additionally, May soymeal rose by $0.50 to $330.40/st. and May corn increased by $0.025, reaching $4.28/bu. A wave of technical buying resulted in a modest increase in corn prices, while soybean prices showed minor losses. However, wheat prices faced double-digit losses due to relatively weak U.S. demand and stiff competition from Ukraine and Russia.
Weekly Ethanol Update
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12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
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December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...