Most grain prices on the Chicago Mercantile Exchange rose on Friday September 27. The November soybean futures contract jumped by 24.75 cents per bu, settling at $10.65 per bu, while December wheat dropped by 4.25 cents per bu, closing at $5.80 per bu.
Meanwhile, October soybean meal surged by $19.50 per short ton to $343.70 per ton, and December corn rose by 4.75 cents per bu to $4.18 per bu.
Soybean futures captured double-digit gains due to technical buying, driven by flooding from Hurricane Helene in the eastern US and dry weather conditions in Brazil. Corn futures also rose, supported by technical buying linked to crop damage in the Carolinas and spillover strength from soybeans.
…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...