Most CME grain prices had a downward trend on Friday. The only grain with an increase was January soybeans, which rose by $0.04 and settled at $13.47/bu. December wheat dropped by $0.055 and closed at $5.75/bu. Additionally, December soymeal fell by $0.50 and closed at $449.40/st., and December corn decreased by $0.04 to $4.64/bu.
The corn and soybean markets are closely monitoring South American planting progress and weather patterns for fresh price indications after the latest updates from the USDA. Meanwhile, wheat prices have dropped again since the recent Russian missile strike on a civilian ship near Odesa, Ukraine, resulting in higher freight costs in the Black Sea.
Weekly Export Sales – Released November 9, 2023
Soybean export sales for the week ending November 2nd, in the marketing year 2023/24, amounted to 1,080.2 thousand metric tons (TMT). This represented an increase of 70.2…
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...