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 corn gluten products was minimal today with no new prices reported. Market participants indicated that both corn gluten feed and corn gluten meal appear to be steady, matching current price ranges.
Most CME grain prices witnessed a downward trend on Tuesday. The only grain that experienced an increase was December wheat, which jumped by $0.0375 and closed at $5.68/bu. November soybeans decreased by $0.0425 and settled at $12.72/bu. Additionally, December soymeal dropped by $2.60 and closed at $371.70/st., and December corn fell by $0.0125 to $4.87/bu. Following the crop progress report by USDA, soybeans and corn trended lower. However, there was some positive movement on wheat due to technical buying, prompted by China’s flash sale this morning.
Crop Progress October 2
The conditions for the corn crop as of…