05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Wheat midd prices remained steady in the Minneapolis, Kansas City, and Buffalo markets. Market participants said the market is very quiet nearby due to the upcoming holiday and limited availability.
CME grain prices were mixed on Wednesday. May wheat declined $0.075, closing at $5.45/bu, and May soybeans increased $0.24, settling at $12.09/bu. In addition, May soymeal rose $8.60 to $342.50/st. while May corn dropped $0.005, reaching $4.39/bu. Soybean prices captured double-digit gains after a wave of technical buying and short covering. However, wheat prices suffered losses due to a round of technical selling and corn prices held steady but ended up closing in the red.
Weekly Ethanol Update
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