The CME values were under pressure for the start of the week. Corn was down $0.1175 to $5.84/st for the day due to better-than-expected planting progress and weak export business. Soybeans were down by $0.1950 to $14.14/st due to fast paced planting and high product values. Soymeal slipped by $7.90 to $419.00/st while wheat was mixed to lower by $0.1050 to $6.43/st.
This past week of the USDA’s Crop Progress report has corn growing states showing 12 of 18 states reporting planting progress over 25 percent, five more than at this point last year. Planting progress this week is seven points over the five-year average planting pace of 42percent. Texas is the furthest along and has planted 77 percent of its corn crop as of May 7th, up four poin.ts from the week prior. Soybeans emerged are at 12 percent for the 18 states, up seven-points from last year and up on-points from the five-year average
Soyb…
01.09.2025
Additional 45z guidance expected on January 10
Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...
01.09.2025
Prices for US animal fats and oils unchanged; market tightness persists
The US animal fats and oils markets were unchanged on Thursday January 9, as trade slowed following an active start to the week.
Participants continued to report stable pricing in...
01.09.2025
Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise
US animal protein prices were steady on Thursday January 9. With the International Longshoremen’s Association (ILA) port strike avoided, sources expect unease to diminish to a degree. However, trade...