Trading activity for wheat midds was active today as sources reported trades on Minneapolis and Kansas City. Prices are seen shifting down as there is significant pressure on the market. Market participants noted that despite good run times, the demand is not keeping up with it, and some areas are still struggling to move the product.
CME grain pricing was mixed today. September corn decreased by $0.0400, falling to $4.72/bu. September wheat declined by $0.0850, dropping to $6.04/bu. September soybeans moved up, with an increase of $0.0625 and settling at $13.65/bu. Additionally, September soymeal prices increased by $9.70, surging to $422.70/st. The variation in values resulted from a better-than-expected round of export sales data from USDA, combined with the persistent hot and dry weather conditions affecting the central U.S.
Weekly Export Sales – Released August 24, 2023
Weekly soybean…
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US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables
The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.
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US fats and oils markets quiet amid industry event; DCO production up
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The...
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US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...