Trading activity for wheat midds was relatively quiet today, apart from two active trades in the central states. Market participants reported that central states traded down due to rapid fluctuation on the corn board. However, activity in Buffalo was steady, with farm mills continuing to run normal this week.
CME grain prices were mixed today, soybeans experienced a jump of $0.3075 to close at $15.46/bu. Corn, on the other hand, dropped $0.1725 falling to $5.40/bu. Additionally, soymeal rose to $464.70/st with an increase of $10.90. Wheat decreased $0.4025 to settle at $7.20/bu due to weak global demand since prices surged following Russia’s decision to abandon the Black Sea Grains Initiative.
Weekly Ethanol Update
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01.14.2025
EIA raises US renewable diesel output forecast for 2024-25, lowers 2025 biodiesel production outlook
The US Energy Information Administration (EIA) raised its 2024 forecast for the production of renewable diesel (RD) in the US while maintaining its 2024 biodiesel output estimate in its...
01.14.2025
DCO tracks soybean oil prices higher; fats markets unchanged
Market activity for US animal fats and oils was relatively subdued on Tuesday January 14, though sources noted a bullish sentiment in the market.
01.14.2025
USDA raises 2024/25 forecast for GCAU count, lowers feed grain use estimate
Most US animal protein prices were flat to up day on day on Tuesday January 14. Animal protein products were slow to start the week, with light volumes traded,...