Most grain prices on the Chicago Mercantile Exchange fell on Friday August 16. The November soybean futures contract decreased by 11.50 cents per bushel to settle at $9.57 per bu, while September wheat increased by 1.75 cents per bu to close at $5.30 per bu.
Meanwhile, September soybean meal fell by $4.50 per short ton to $303.40 per ton, and September corn dropped by 4.50 cents per bu to $3.70 per bu.
Wheat prices posted slight gains following a round of technical buying, driven by heavy rains hampering production in France and Germany.
Corn prices continued to decline after another wave of technical selling. Soybean prices suffered double-digit losses following a round of technical selling after the USDA forecasted record-breaking US production earlier in the week.
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11.27.2024
Regional biodiesel prices stable amid low buying, selling interest
Regional biodiesel prices were stable on Wednesday November 27 amid low buying and selling interest.
Biofuel markets in general have slowed ahead of the implementation of the Clean...
11.27.2024
US animal fats and oils markets quiet amid Thanksgiving holiday; ethanol, DCO production hits record high
The US animal fats and oils markets was steady on Wednesday November 27, as trading was subdued ahead of the Thanksgiving holiday.
The...
11.27.2024
US animal protein November price average higher month on month
US animal proteins were steady on Wednesday November 27. Light trade was reported from market sources on the last day ahead of the extended Thanksgiving holiday weekend.
November...