CME grain prices shifted higher across the board on Friday. May soymeal increased by $7.00/st and closed at $341.40/st. May soybeans increased by $0.1775 and settled at $11.84/bu. Furthermore, May corn futures rose $0.0175 to $4.39/bu, and May wheat increased by $0.0925 to $5.37/bu. Prices for wheat, soybeans, and corn jumped after the release of today’s World Agricultural Supply and Demand Estimates (WASDE) report from the USDA, prompting a wave of technical buying.
March 2024 WASDE
The USDA’s latest World Agricultural Supply and Demand Estimates (WASDE) report for March indicated only slight adjustments but fell short in its projections for South America.
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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,...
12.20.2024
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...