CME grain prices shifted significantly higher across the board on Thursday. December soymeal increased by $15.80 and closed at $392.90/st. November soybeans surged by $0.375 and settled at $12.90/bu. Additionally, December corn rose by $0.08, reaching $4.96/bu, and December wheat jumped by $0.155 to $5.71/bu. The October WASDE report from the USDA showed lower-than-expected yield and production estimates for corn and soybeans. As a result, a round of technical buying was witnessed, leading to a significant increase in prices. Soybeans saw the largest gains, experiencing a double-digit increase.
Weekly Ethanol Update
…
09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...