Most CME grain prices had a downward trend on Thursday. The only grain with an increase was December corn, which rose by $0.04 and settled at $4.74/bu. December wheat dropped by $0.07 and closed at $5.53/bu. Additionally, December soymeal fell by $2.40 and closed at $466.80/st., and January soybeans decreased by $0.2475 to $13.60/bu. The USDA released export sales data that exceeded expectations, leading to an increase in corn prices. Meanwhile, soybean prices suffered a double-digit loss, largely due to the anticipation of upcoming rain in Brazil. In addition, wheat prices declined as rainy weather is forecasted to move across the U.S. Plains.
Weekly Export Sales – Released November 16, 2023
Soybean export sales for the week ending November 9th, in the marketing year 2023/24, amounted to 3,918.4 thousand metric tons (TMT). This represented an increase of 2,838.2 TMT compared to last week and was above…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
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December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...