**Please note, The Jacobsen will close at 1:00CT on Wednesday and will not publish a bulletin on Thursday and Friday in observance of the Thanksgiving holiday.**
Most CME grain prices witnessed a downward trend on Wednesday. The only grain that experienced an increase was December wheat, which rose by $0.0075 and closed at $5.55/bu. January soybeans decreased by $0.2075 and settled at $13.56/bu. Additionally, December soymeal dropped by $1.10 and closed at $458.10/st., and December corn fell by $0.0125 to $4.68/bu. After two days of impressive movement, soybeans have now fallen by double-digits. The market is expected to be influenced by the weather in South America, and market players will closely observe if the predicted rainfall in the central-west region will have a positive impact on the planted crop.
Weekly Ethanol Update
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...