Trades reported for wheat midds were lower in Buffalo, with participants indicating pressure in the near term. The central states are also experiencing the same pressure, stated contacts, but there were no reported trades for those regions for the day.
Most CME grain prices witnessed a downward trend on Thursday. The only grain that experienced an increase was December corn, which rose by $0.0050 and closed at $4.86/bu. November soybeans slumped by $0.1675 and settled at $13.59/bu. In addition, October soymeal dropped by $4.50, reaching $396.40/st, and December wheat decreased by $0.0925 to $5.99/bu. Soybeans saw a double-digit loss as harvest pressure ramps up in the U.S., along with strong competition from Brazil and concerns about Chinese demand before the peak U.S. soybean export season.
Weekly Ethanol Update
…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...