Chicago Mercantile Exchange (CME) grain prices mostly fell on Tuesday May 14. The July CME soymeal futures contract showed the only increase, rising by $6.80 per short ton to $373.30 per ton.
The July soybean futures contract decreased by 5 cents per bushel, settling at $12.14 per bu, and July wheat dropped by 14.50 cents per bu to close at $6.72 per bu.
Meanwhile, July corn fell by 5 cents per bu to $4.67 per bu.
After relatively strong quality ratings for wheat and higher corn production estimates coming out of Brazil, grain prices dropped into the red. Spillover weakness in other commodities, particularly soyoil, led to moderate losses in soybean prices.
Crop progress
The USDA’s weekly crop progress report for the week to Sunday May 12 reveals significant progress in US planting, despite an active weather pattern and persistent wet conditions across many regions.
…
10.16.2024
US biofuel margins improve as production uncertainty climbs
Biofuel margins have shown a significant increase over the past couple of weeks, with feedstock prices moving lower while renewable identification number (RIN) values have climbed, Fastmarkets heard on...
10.16.2024
Technical tallow trades higher on otherwise quiet day in US fats and oils market
The US market for animal fats and oils was quiet on Wednesday October 16, with many industry participants in Nashville for the American Fats and Oils Association meeting.
10.16.2024
Light trade volume leaves most animal protein products prices flat
US animal proteins were steady to lower on Wednesday October 16, with the only price change on porcine bloodmeal, Iowa/Missouri/Nebraska.
Fastmarkets assessed bloodmeal, porcine, fob IA/MO/NE at $875-970...