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...
Grain and feed products were mixed throughout the week. The quarterly stocks report released by the USDA on Friday failed to meet the predictions of analysts, causing disappointment and surprise. Concerns about export volumes for soybeans persisted, with low water levels on the Mississippi River causing challenging shipping conditions for U.S. soybean exporters for a third consecutive year. Meanwhile, there is anticipation of a large 2023 U.S. corn crop that is expected to alleviate supply tightness. Limited trading activity was reported in the DDGS market this week, with sources indicating steady values. However, market participants said that plant outages are expected to persist due to fall maintenance.
Corn gluten products witnessed minimal trading activity during the week, and no new prices were…