Sources reported quiet trading for wheat midds, indicating steady levels. However, market participants reported trades for DDGS with price ranges falling in both Indiana and Ohio.
Most CME grain prices witnessed a downward trend on Wednesday. The only grain that experienced an increase was December corn, which jumped by $0.025 and closed at $4.88/bu. November soybeans decreased by $0.19 and settled at $12.52/bu. Additionally, December soymeal dropped by $0.40 and closed at $377.10/st., and December wheat fell by $0.025 to $5.56/bu. The anticipation for the upcoming WASDE report by the USDA has caused most grains to close in the red today. Soybeans experienced a significant decline, with a double-digit drop attributed to the USDA’s latest crop progress report resulting in a one-point reduction in quality ratings.
Crop Progress October 10
The…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...