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Blog

WASDE Shows Higher Ending Stocks for Corn, Soybean, and Wheat

Alexandra Watts | 02.08.2024

Most CME grain prices were lower on Thursday. The only grain that increased was March soybeans, which jumped $0.045 and closed at $11.93/bu. March wheat decreased $0.135 and settled at $5.88/bu. Additionally, March soymeal dropped $4.10 and closed at $347.10/st, and March corn fell by $0.01 to $4.33/bu. The release of USDA's World Agricultural Supply and Demand Estimates (WASDE) report caused some volatility in the market. Soybean prices increased, while wheat prices faced double-digit losses following ongoing worries about U.S...

Hide Export Sales Suffer a Sharp Decline

In Thursday's market, sources reported consistent prices for Heavy Native Steers (HNS), Butt Branded Steer (BBS), and Colorado Branded...

Weak Hide Demand Hits Automotive, Footwear Tanners

Argentina

February 8

Slaughter runs at normal levels.
Good quality Buenos Aires wet salted heavy steers are...

Soybean Oil Prices Rally despite Uneventful WASDE

U.S. soybean oil futures rallied ahead of the closing bell today, thanks to a spike in global crude oil...

International Animal Proteins 08.02.24

Most values on the international front were rangebound due to holiday time off, including Waitangi Day and the Chinese...

Manitoba Harvest Looks to Fiber Markets for Growth Opportunity

Manitoba Harvest, a prominent Canadian hempseed food company acquired by Tilray Brands...

Biodiesel 2023 Q4 Imports 12% Over Q3, Exports Reach All-Time High

December biodiesel imports reached 47.7 million gallons, two percent over and 99 percent above the 29.9 million gallons received...

DCO Production Rises on Week, Year

**Please note – Ryan Standard will be out of the office until Tuesday, Jan 2nd. In his absence, please...

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A Push-Pull Market in Meat and Bonemeal Creates Sloppiness

Values on meat and bonemeal, for both porcine and ruminant, were indicated as sloppy today with a push-pull occurring...

READ MORE

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Blog

WASDE Shows Higher Ending Stocks for Corn, Soybean, and Wheat

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