09.20.2024
BOHO spread reaches two-month high
The BOHO spread rose sharply on Friday September 20 to its highest since late July, as October soybean oil futures on the Chicago Mercantile Exchange traded higher and ultra-low-sulfur...
Trading activity for DDGS was active today, with ranges expanding in both Michigan and Iowa. Market participants observed that values were mixed by the end of last week with corn and meal futures varied. Sources reported a high of $215 for Iowa, although it is unconfirmed as of press time.
CME grain prices were mixed today, December wheat inclined by $0.0375, increasing to $5.99/bu. December corn increased by $0.0450, jumping to $4.86/bu, and November soybeans dropped by $0.0425, settling at $13.65/bu. Additionally, October soymeal prices decreased by $1.90 to reach $399.30/st. Corn prices gained moderate traction after a round of technical buying today. However, soybean markets are eagerly awaiting the latest USDA crop progress report, which will provide clearer insights into the weekend heat wave.
Weekly Soybean Crush
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