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Corn and wheat futures rise after USDA cuts acreage outlook

Alexandra Watts | 03.28.2024

CME grain prices were mixed on Thursday. May wheat increased $0.1275, closing at $5.60/bu while May soybeans dropped $0.01, settling at $11.91/bu. In addition, May soymeal dropped $1.30 to $337.70/st, but May corn rose $0.1525 to $4.42/bu. Corn and wheat prices captured double-digit gains following USDA’s latest Prospective Plantings and quarterly stocks reports that were released today.

Prospective Planting and Grain Stocks

Based on the most recent USDA Grain Stocks report, Corn totaled 8.3 billion bushels, up 12.9% from the prior year at the respective time. Wheat stocks totaled 1.08 billion bushels, up 15.5% from March 2023 while soybean stocks were up 9.4% from the prior year at 1.84 billion bushels.

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03.07.2025

Sausage casings bulletin, March 7, 2025

Runner market commentary
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03.03.2025

EASA releases EU SAF mandate penalty reference prices

The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...

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Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains

Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.

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