Chicago Mercantile Exchange grain prices fell on Friday October 25, with the November soybean futures contract decreasing by 8.50 cents per bushel to settle at $9.87 per bu and December soymeal dropping by $4.60 per short ton to $305.80 per ton.
Meanwhile, the December CME corn futures contract declined by 6.25 cents per bu to $4.15 per bu, and December wheat futures fell by 12.50 cents per bu to $5.69 per bu.
Corn futures ended a four-day positive streak on Friday following a wave of technical selling. Soybean futures also fell, influenced by technical selling linked to ongoing harvest progress in the US and planting progress in South America. Wheat futures captured double-digit losses, driven by recent rains in the drought-stressed US Plains.
…
10.28.2024
US crude, kosher crude glycerin prices to increase amid uncertainty on biodiesel tax credit: sources
Crude glycerin supply is highly correlated with biodiesel production; it is a co-product of the biodiesel production process, and it remains uncertain how many US biodiesel producers will be...
10.28.2024
US CWG prices dip slightly amid increasing hog slaughter rates
The US animal fats markets experienced a quiet start on Monday October 28, with little change reported aside from a slight dip in choice white grease prices on an...
10.28.2024
US cattle slaughter forecast up w-o-w, down 2% y-o-y
Trading in the US animal proteins market was quiet on Monday October 28, with no price changes reported.
Fastmarkets’ research team forecasts cattle slaughter at 625,000 head for...