CME grain pricing levels started out higher for most grains. Soybeans rose on the backs on soymeal and soyoil bouncing back from the previous week’s drops. Soymeal and soyoil rebounded on bargain buying amid worries over dryness El Nino could bring major producers Indonesia and Malaysia. Corn was higher by $0.1650 to $5.71/st with renewed demand expectations on the weekly inspected export report for the week. Soybeans were up by $0.3400 to $13.41/st while soymeal was firmer by $3.10 to $412.20/st and wheat increased by $0.0125 to $6.06/st.
The estimated Central Illinois crush margin decreased week ending May 19th, moving down week-on-week by 8.9 percent. Year-over-year crush margins remain under last year, last week by 40.7 percent from the respective week in 2022. As of last week, pricing for soy meal in Central ILL dropped to $417.20 per bushel, a 5.3 percent…
05.07.2024
Singapore Airlines Group orders SAF from Neste ahead of mandate
The Singapore Airlines Group (SIA) will be the first to receive sustainable aviation fuel (SAF) from Neste’s expanded Singapore refinery, the companies announced on Monday May 6.
SIA...
05.07.2024
Animal fats prices to US Gulf jump on growing demand
Choice white grease prices went up in FOB markets on Tuesday, with trading done in a range of 37.5-39.5 cents per lb FOB Missouri River. Prices were boosted by...
05.07.2024
Feathermeal, ruminant bloodmeal prices lower; March IE MM well above 3-year average
US domestic feathermeal prices were lower in all six regions on Tuesday May 7, with reports of buyer pushback due to excess inventory levels in the market.
Fastmarkets...