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Blog

Soybean, Corn, and Wheat Export Sales Exceed Projections

Alexandra Watts | 11.30.2023

CME grain prices were mixed on Thursday. December wheat saw an increase of $0.1425, closing at $5.70/bu while January soybeans recorded a loss of $0.0425, settling at $13.42/bu. In addition, December soymeal dropped by $2.10 to $442.20/st, but December corn increased by $0.012 to $4.61/bu. Wheat and corn both experienced significant double-digit gains. The main factor contributing to this was the release of the USDA's latest report, which revealed higher-than-anticipated export sales data. Despite some technical selling, soybeans only saw minor losses.

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Automotive Tanners Active in Market This Week

Hide trading was active today for cow, butt branded steers (BBS) and branded steers. Some sellers reported strong demand...

South American Wet Blue Prices Flat to Close out November

Argentina

November 30

Slaughter continues unchanged.
Economic measures after the last presidential elections are not yet...

Soybean Oil Cash Markets Remain under Pressure

The cash market for soybean oil and other feedstocks remained sluggish on Thursday, as participants attempt to gauge upcoming...

International Animal Proteins 30.11.23

Trading was very quiet this week with no changes reported in the export or destination markets. Sources indicated that...

Organic Soybean Imports Decline in Q3/Q4

Organic soybeans continue to hold their value, but at the expense of...

Preem to Convert Lysekil Refinery to Produce SAF, Renewable Diesel

Preem, Sweden’s largest fuel company with a refining capacity of over 4.7 billion gallons of crude annually, announced plans...

DCO Production Declines for 2nd Week in a Row

*Please Note - Ryan Standard will be out of the office for the remainder of the week. He will...

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Heavy Nearby Supply Pressures MBM Markets Lower

Trading was again fairly quiet today, but there continue to be reports of negative pressure on ruminant and porcine...

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09.19.2024

SAF roadmap, collaborations announced at Bali International Airshow

At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...

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09.19.2024

US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say

The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.

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09.19.2024

Animal protein prices steady; August cattle, hog slaughter down

US animal proteins were rangebound on Thursday September 19.

August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...

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