Corn, Soybeans, and Wheat Drop Following November WASDE

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Corn, Soybeans, and Wheat Drop Following November WASDE

Alexandra Watts | 11.09.2023

Most CME grain prices witnessed a downward trend on Thursday. The only grain that experienced an increase was December soymeal, which rose by $0.10 and closed at $449.90/st. January soybeans shifted down by $0.2225 to $13.43/bu. Furthermore, December corn dropped by $0.08 to $4.68/bu, and December wheat fell by $0.115 to $5.80/bu.

The grain market witnessed a significant drop in prices today following the release of the WASDE report, which contained bearish USDA data that sparked a wave of technical selling. Corn...

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Hide Buyers Push Market Lower Again Today

Hide Buyers Push Market Lower Again Today

Buyers continued to pressure the market with bids lower than current market levels, but sellers countered with steady levels. The...

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Paraguay Beef Processing Plants Exploring Dried Lime Hide Market

Paraguay Beef Processing Plants Exploring Dried Lime Hide Market

Argentina

November 9

The market is calm.
Slaughter is gradually increasing to normal levels as the...

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WASDE Cuts, WTI Gains Lift Soybean Oil Prices

WASDE Cuts, WTI Gains Lift Soybean Oil Prices

In its November World Agricultural Supply and Demand Estimates (WASDE) released at noon on Thursday, the USDA reduced projections for 2023/24...

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Protein Market Steady Despite Strong Australian Production

Protein Market Steady Despite Strong Australian Production

The overall market was fairly quiet this week with few changes reported. Values were steady into the Indonesia and...

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Looming Organic Enforcement Presents New Risk

Looming Organic Enforcement Presents New Risk

The organic feeds segment is bracing for the rapidly approaching Strengthening Organic...

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Hemp Production 2023

Hemp Production 2023

The most recent National Weekly Hemp Report published by USDA indicates a...

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September Biodiesel Imports Largest Since 2017

September Biodiesel Imports Largest Since 2017

U.S. biodiesel imports surged to a multi-year high in September and may end the year with the most volume...

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Wait-and-See Approach Dominates Midweek Market

Wait-and-See Approach Dominates Midweek Market

Trading was mostly quiet today with heating oil values lower, but RIN and SBO trading higher. Both buyers and...

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Waste plastic can be used to improve sustainable aviation fuel (SAF), according to research announced on Monday September 16 by the Prairie Research Institute at the University of Illinois...

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