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…
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...