Chicago Mercantile Exchange grain prices fell on Tuesday August 13, with the November CME soybean futures contract decreasing by 23.50 cents per bushel to settle at $9.62 per bu and September soymeal dropping by $6.20 per short ton to $299.80 per short ton.
Meanwhile, the September CME corn futures contract declined by 5.50 cents per bu to $3.77 per bu, and September wheat futures fell by 8 cents per bu to $5.28 per bu.
US crop quality remains relatively good, and production forecasts are bullish. These actors triggered a wave of technical selling, resulting in moderate declines for corn and wheat, while soybeans faced double-digit losses.
Corn gluten meal prices declined in the Illinois, Iowa and Midwest barge and rail markets on Tuesday, while corn gluten feed prices dropped in the Iowa market. Market sources reported lower prices for both meal and feed, with corn prices remaining under pressure.
Crop progress
…
11.20.2024
Biodiesel supply tightens heading into the new year
Producers, blenders and fuel suppliers are reporting a slowdown in trading this week. A Fastmarkets survey of participants showed that overall sentiment has the market slowing ahead of...
11.20.2024
California UCO prices climb; DCO production eases slightly from record high
US animal fats and oils prices showed mixed trends on Wednesday November 20, with most market activity concentrated in the Gulf and West Coasts.
11.20.2024
US animal proteins steady; avian flu in birds increases in fourth quarter
US animal protein prices were steady on Wednesday November 20. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving weekend starting on Thursday...