05.20.2024
Strong feed demand boosts choice white grease market
Choice white grease (CWG) prices rose on Monday May 20, supported by the market expectation of tighter supply heading into the long holiday weekend in the US and on...
CME grain prices shifted higher across the board on Friday. May soymeal increased by $8.80/st and closed at $344.40/st. May soybeans increased by $0.1475 and settled at $11.74/bu. Furthermore, May corn futures rose $0.0675 to $4.35/bu, and May wheat increased by $0.0425 to $5.56/bu. After Conab revealed lower corn and soybean production estimates than what was previously projected by USDA, grain prices ended the week on a positive note. This led to a wave of technical buying, especially for soybeans which captured double-digit gains.
Weekly Export Sales – Released April 11, 2024
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