CME grain prices shifted higher across the board again on Thursday. December soymeal increased by $9.20 and closed at $423.00/st. November soybeans increased by $0.045 and settled at $13.15/bu. Furthermore, December corn rose by $0.13, reaching $5.05/bu, and December wheat jumped by $0.1375 to $5.94/bu. The combination of strong export demand and concerns over Brazil’s production potential in the 2023/24 season, due to drought conditions, has resulted in a notable rise in corn and wheat prices. Additionally, soybeans have also seen a positive shift, driven by the gains made in corn and wheat.
Weekly Export Sales – Released October 19, 2023
The weekly soybean export sales for October 12th in the marketing year 2023/24 amounted to 1,371.9 thousand metric tons (TMT). This represents an increase of 315.1 TMT compared to the total last week and exceeds the previous four-week average of 742.9 TMT. Export sales…
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,...