Trading activity for wheat midds in the central states was steady even with accounts of reduced run times. Market participants noted that bids are wide in the deferred market due to the volatility of the corn board. Nearby Buffalo market is under pressure with continued weekend run time and weak demand in the Northeast.
CME grain pricing showed a positive trend today, with September corn experiencing an increase of $0.0550, reaching $4.69/bu, due to support from renewed supply concerns in the Black Sea. September soybeans saw a significant jump of $0.1150, settling at $13.34/bu, driven by optimism for export demand as we approach the peak export season. Additionally, September soymeal prices rose $0.70, reaching $404.50/st, while September wheat slightly declined by $0.0075, dropping to $5.97/bu.
Weekly Ethanol Update
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10.18.2024
RIN prices fall week on week despite lower reported US biodiesel output
Prices for renewable identification numbers (RINs) fell week on week on Friday October 18 despite lower production reported for September, and US biofuels markets remain in limbo over awaited...
10.18.2024
US DCO prices decrease amid quiet trade week
US animal fats and oils markets ended the week stable to slightly lower on Friday October 18, following a quiet week of trading as many participants attended the American...
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Lackluster trade volume keeps weekly US animal proteins prices mostly steady
US animal proteins prices were steady to slightly lower for the week to Friday October 18 on limited trade volume.
Several market participants told Fastmarkets it was a...