Quick Planting Paces Diminish CME Grains

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Quick Planting Paces Diminish CME Grains

The Jacobsen | 05.16.2023

CME main grain pricing levels were down substantially on some main grain items due to decreases in Brazilian production as well as updates on US weather and quick planting paces. Soybeans were down by $0.3675 to $13.64/st. Soymeal was softer by $4.00 to $426.90/st while wheat decreased by $0.1125 to $5.81/st on rain levels in crop regions. 

Crop Progress

The week of May 14th for the USDA's Crop Progress report has corn growing states showing 14 of 18 states reporting planting progress over 35 percent, two...

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Hide Buyers Anticipate More Leather Orders in Summer

Hide Buyers Anticipate More Leather Orders in Summer

Another quiet day of hide trading, but interest is expected to come after packers release offer lists tonight. The...

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Soybean Oil Futures Plunge Below 48 Cents Per Pound

Soybean Oil Futures Plunge Below 48 Cents Per Pound

Edible oil futures prices were lower on Tuesday. Palm oil markets fell overnight alongside weakness in rival vegetable oils...

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Domestic Organic Crush Capacity Expands

Domestic Organic Crush Capacity Expands

Crush capacity is expanding for Majestic Milling Company in Aurora, Missouri.  Last September, Majestic added three new 150,000-bushel bins...

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Biodiesel Margins Narrow on Lower B100 Price & Rising Feedstock Cost

Biodiesel Margins Narrow on Lower B100 Price & Rising Feedstock Cost

 

RBD Soybean Oil Trading at 11-Cent Premium to Crude Degummed, 17-Week High

Biodiesel prices continue to drift lower, reaching lows...

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Cattle Slaughter Projected Lower ahead of Holiday

Cattle Slaughter Projected Lower ahead of Holiday

Trading was quiet to start the week with no changes reported. For the most part, the market was steady, with...

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Hog Slaughter Forecast Above 2022 For May

Hog Slaughter Forecast Above 2022 For May

For Monday, animal proteins were called steady for the start of the week. Several participants are currently traveling for...

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Weekly Soybean Crush Margins Drop Significantly with Soyoil Reductions

Weekly Soybean Crush Margins Drop Significantly with Soyoil Reductions

The estimated Central Illinois crush margin increased week ending May 12th, moving down week-on-week by 8.0 percent. Year-over-year crush...

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Cheap US & Brazilian Hides Sent to Landfill & Gelatin

Cheap US & Brazilian Hides Sent to Landfill & Gelatin

Hide sellers reported minimal weekend activity in the US hide market. Buyers continue to complain about lacking leather orders...

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Prices for renewable identification numbers (RINs) fell week on week on Friday October 18 despite lower production reported for September, and US biofuels markets remain in limbo over awaited...

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