U.S. Corn Crop Conditions Drop, Soybeans Hold Steady

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U.S. Corn Crop Conditions Drop, Soybeans Hold Steady

Alexandra Watts | 09.19.2023

CME grain prices were mixed today. December wheat decreased $0.0725, closing at $5.84/bu, while November soybeans dropped $0.0125 to settle at $13.15/bu. In addition, October soymeal increased by $1.10 to reach $391.50/st, and December corn rose by $0.0475 to $4.76/bu. The release of the latest crop progress report caused prices to fluctuate today. However, harvest pressure is beginning in the U.S., leading to a decline in soybean prices. Despite showing some strength after attracting bargain buyers, corn prices are hovering near a...

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Texas Drought Pushing Ranchers to Slaughter Cows

Texas Drought Pushing Ranchers to Slaughter Cows

Hide trading was quiet today while most offers haven’t been released yet. Shoe tanners and automotive tanners remain relatively...

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Soybean Oil Cash Basis, Prices in Illinois Slip

Soybean Oil Cash Basis, Prices in Illinois Slip

Nearby cash bids and offers on crude-degummed (CD) and refined, bleached, and deoderized (RBD) soybean oil in central Illinois were...

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Organic Dairy Stakeholders Look for More Relief in 2023 Farm Bill

Organic Dairy Stakeholders Look for More Relief in 2023 Farm Bill

Price sensitive organic dairies have been pinched by higher feed costs and...

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Cattle Slaughter Forecast Higher into October

Cattle Slaughter Forecast Higher into October

The market was very quiet today with the only changes reported coming from the Manly, IA DCO market.

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Hog Slaughter Projected Seasonally Higher Into October

Hog Slaughter Projected Seasonally Higher Into October

**Please note – Chloe Krimmel is out of the office until Monday, September 25th. In her absence, please contact...

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Harvest Pressure Continues to Push Soybeans Lower

Harvest Pressure Continues to Push Soybeans Lower

Sources reported one trade on DDGS today with a slight decrease in the MN/Dakotas price range. Market sources also...

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UAW Strike Continues, Hide Trading is Limited

UAW Strike Continues, Hide Trading is Limited

US hide trading was limited following the weekend due to minimal demand. The majority of the market continues to...

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Vegetable Oil Futures Sink to Open New Week

Vegetable Oil Futures Sink to Open New Week

Cash vegetable oil markets were quiet to open the new week. Crude corn oil indications in the Midwest were...

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07.26.2024

US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand

US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand

On Friday July 26, the US Court of Appeals vacated at least some of the blanket small refinery exemption (SRE) denials made by the Environmental Protection Agency (EPA) in...

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07.26.2024

Animal fats and oils trade freezes following soybean oil market drop on SRE report

Animal fats and oils trade freezes following soybean oil market drop on SRE report

Trading in the animal fats and oils market was quiet on Friday July 26; the California yellow grease market the only one to rise, with prices up to 31-32...

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07.26.2024

Porcine bloodmeal, Missouri River, moves higher week on week; June commercial cattle, hog slaughter

Porcine bloodmeal, Missouri River, moves higher week on week; June commercial cattle, hog slaughter

US animal protein prices were highly mixed in the week to Friday July 26, with limited trade on both Thursday July 25 and on Friday. Porcine bloodmeal was the...

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