*Ryan Capozziello was out of the office for the day and will return on Thursday, August 3.*
Values for the CME grains were lower at mid-week. Soybeans were lower by $0.3075 to $15.46/bu, while corn dropped $0.1725 to $5.40/bu. Additionally, soymeal was at $464.70/st with a decrease of $10.90. Wheat dropped $0.4025 to settle at $7.20/bu. Most items moved lower for the day on the drop in the U.S. credit rating, favorable weather conditions in much of the Corn Belt, and the continued war between Russia and Ukraine.
Weekly Ethanol Update
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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...