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Blog

US spring wheat planting pace above average, 2023 levels

Alexandra Watts | 05.07.2024

Chicago Mercantile Exchange (CME) grain prices fell on Tuesday May 7. The July CME soybean futures contract decreased by 2.25 cents per bushel to settle at $12.46 per bu, and July soymeal dropped by $4.40 per short ton to $383.20 per ton.

Meanwhile, the July CME corn futures contract decreased by 2 cents per bu to $4.67 per bu, and July wheat fell by 6 cents per bu to close at $6.42 per bu.

The price of corn displayed slight losses while...

Hide trading remains slow for second consecutive day

Market participants expected more trading to come following the release of offer lists on Tuesday evening.

Cured and...

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Cash soybean oil basis steady, prices climb with gains in futures

US interior vegetable oil markets were fairly quiet on Tuesday May 7. Prices were firm to higher following another...

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Brazil weather pressures global soybean stocks

Conventional soybean markets surged on news of weather concerns in key soybean producing regions in Brazil. Fastmarkets reported...

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Strong biodiesel production seen weighing on crude glycerin prices

The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining...

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Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team

Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for...

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Year-to-date commercial cattle production falls 2.30% y-o-y

US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only...

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Central Illinois soybean meal prices hit 4-month high

Chicago Mercantile Exchange (CME) grain prices edged higher across the board on Monday May 6.

The July CME...

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Hide trading minimal on May 6; cattle slaughter tracks below 2023

Hide trading was minimal to start the week on Monday May 6, with multiple market participants expecting more trading...

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Blog

US spring wheat planting pace above average, 2023 levels

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