CME grain prices were mixed today. December wheat decreased $0.0725, closing at $5.84/bu, while November soybeans dropped $0.0125 to settle at $13.15/bu. In addition, October soymeal increased by $1.10 to reach $391.50/st, and December corn rose by $0.0475 to $4.76/bu. The release of the latest crop progress report caused prices to fluctuate today. However, harvest pressure is beginning in the U.S., leading to a decline in soybean prices. Despite showing some strength after attracting bargain buyers, corn prices are hovering near a three-year low.
Crop Progress September 18
As of September 17th, the condition of the corn crop declined compared to last week. The national averages indicate that 20 percent of the crop is reported to be in poor to very poor condition, while 29 percent is fair, and 51 percent is in good-to-excellent condition. Last year’s…
09.13.2024
Haffner Energy to spin off SAF division as independent company
French-based technology company Haffner Energy will spin off its sustainable aviation fuel (SAF) division into an independent entity called SAF Zero, the company announced on Friday September 13.
09.13.2024
Animal fats and oils markets end week stable to lower as SBO, HO continues decline
Prices for used cooking oil (UCO) were slightly lower on Friday September 13, as the heating oil (HO) and soybean oil (SBO) markets continued to slump, closing out the...
09.13.2024
Lackluster trade volume keeps most animal proteins flat
A quiet tone was noted by most market sources in the US animal proteins market for the week to Friday September 13. The only price adjustments were on bloodmeal,...