Chicago Mercantile Exchange grain prices rose across the board on Wednesday July 17.
The August soybean futures contract increased by 6.75 cents per bushel to settle at $10.97 per bu, and August soymeal futures jumped by $3.70 per short ton to $339.10 per ton.
Meanwhile, the September corn futures contract increased by 2.25 cents per bu to $3.98 per bu, and September wheat rose by 8.50 cents per bu to close at $5.39 per bu.
Wheat middlings prices in the Minneapolis, Kansas City and Buffalo markets declined on July 17. Market participants reported a notable price drop due to slow seasonal demand.
Weekly ethanol update
Weekly average ethanol production in the US jumped to 1.106 million barrels per day in the week to July 12, up by 52,000 bpd week on week and up by 3.4% year on year, according to reports by the Energy Information Administration (EIA) on Wednesday.
…
09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...
09.06.2024
US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
09.06.2024
Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...