CME grain prices were mixed on Thursday. December wheat saw an increase of $0.11, closing at $5.79/bu, while November soybeans recorded a decrease of $0.0875, settling at $12.79/bu. In addition, December soymeal rose by $0.30 to $429.50/st. while December corn dropped by $0.0075, reaching $4.79/bu. Following the release of the weekly export sales by USDA, grain prices experienced fluctuations. Beneficial rains in South America and harvest progress in the U.S. continue to be the primary drivers. Although wheat managed to recover from multiweek lows, there are still lingering concerns regarding black sea export logistics that are causing uncertainty.
Weekly Export Sales – Released October 26, 2023
The soybean export sales for the week ending October 19th, in the marketing year 2023/24, amounted to 1,378.2 thousand metric tons (TMT). This represents an increase of 6.3 TMT compared to last week and exceeds…
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,...