CME grain prices shifted significantly higher across the board on Wednesday. December soymeal increased by $14.00 and closed at $413.80/st. November soybeans surged by $0.1425 and settled at $13.11/bu. Additionally, December corn rose by $0.03, reaching $4.92/bu, and December wheat jumped by $0.0975 to $5.80/bu. Grains experienced an upward trend, with bargain buying and optimistic demand driving the market. Soybeans witnessed substantial double-digit growth as market players await the release of fresh export data from the USDA tomorrow. Corn prices also rose due to spillover strength from gains in wheat and soybean futures.
Weekly Ethanol Update
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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...