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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04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...