CME grain prices had an upwards trend on Thursday. March wheat increased by $0.0875, closing at $6.42/bu, and January soybeans jumped by $0.1625, settling at $13.11/bu. In addition, January soymeal dropped by $1.70 to $406.80/st. and March corn rose by $0.0375 to $4.88/bu. Soybean prices have soared by double digits fueled by concerns over Brazil’s production capabilities, along with strong export sales in the U.S. Similarly, corn prices rose as a result of positive export sales data released by the USDA. Market players are primarily focused on the upcoming WASDE report that is set to be released tomorrow.
Weekly Export Sales – Released December 7, 2023
Soybean export sales for the week ending November 30th, in the marketing year 2023/24, amounted to 1,517.6 thousand metric tons (TMT). This represented a decrease of 377.7 TMT compared to last week and was below the prior four-week average of 1,947.3 TMT….
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
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US November broiler, turkey slaughter down year on year
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12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
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