Trading activity for wheat midds was limited for today. Only one trade was reported for Buffalo indicating a decrease in the price range. Meanwhile, prices in Minneapolis and Kansas City have remained steady.
CME grain prices were mixed on Wednesday. December wheat saw a decline of $0.085, closing at $5.60/bu, and November soybeans recorded an increase of $0.0025, settling at $12.73/bu. In addition, December soymeal rose by $0.30 to $372.00/st. and December corn decreased $0.015, reaching $4.86/bu. The fluctuation of grain prices persists due to market players closely analyzing multiple supply and demand trends such as exports from the Black Sea region, the current U.S. harvest, and political complications pertaining to the Farm Bill.
Weekly Ethanol Update
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10.16.2024
US biofuel margins improve as production uncertainty climbs
Biofuel margins have shown a significant increase over the past couple of weeks, with feedstock prices moving lower while renewable identification number (RIN) values have climbed, Fastmarkets heard on...
10.16.2024
Technical tallow trades higher on otherwise quiet day in US fats and oils market
The US market for animal fats and oils was quiet on Wednesday October 16, with many industry participants in Nashville for the American Fats and Oils Association meeting.
10.16.2024
Light trade volume leaves most animal protein products prices flat
US animal proteins were steady to lower on Wednesday October 16, with the only price change on porcine bloodmeal, Iowa/Missouri/Nebraska.
Fastmarkets assessed bloodmeal, porcine, fob IA/MO/NE at $875-970...