Soybean Crop Conditions Improve by Five Points

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Soybean Crop Conditions Improve by Five Points

Alexandra Watts | 08.15.2023

CME grain prices experienced a downward trend today after the unexpected increase in crop ratings by the USDA yesterday. This was caused by the recently favorable weather conditions, suggesting that USDA may have to revise soybean yields higher, a move that would have a bearish influence on prices. September corn fell by $0.1175 to close at $4.64/bu, while September soybeans slumped $0.2975 to settle at $13.23/bu. September soymeal dropped $11.50, falling to $403.80/st. and September wheat decreased by $0.1750 to $5.98/bu. 
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Slower Cattle Slaughter Limits US Hide Offers

Slower Cattle Slaughter Limits US Hide Offers

Hide offers will go out tonight. Sellers indicated there will be limited hides available as slaughter in the US...

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NOPA, Weather Worries Boost Soybean Oil Prices

NOPA, Weather Worries Boost Soybean Oil Prices

Mississippi Valley cottonseed oil (PBSY) cash prices moved higher, bumping up two cents per pound from last week to...

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Shoppers Pivoting Back to Organic Eggs and Dairy

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The U.S. Drug Enforcement Agency has had an ancillary role in the...

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2023 Biodiesel Imports Surpass Full-Year 2022

2023 Biodiesel Imports Surpass Full-Year 2022

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U.S. biodiesel imports reached a five-month high in June and,...

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Hog Slaughter Forecast Higher into September

Hog Slaughter Forecast Higher into September

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The market was very quiet this afternoon with very little trading reported. Distiller’s...

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Cattle Slaughter Tracks Closer to 2021 Levels

Cattle Slaughter Tracks Closer to 2021 Levels

Typical for Monday, limited trade was reported for the start of the week with most participants testing the market. 

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Soybean Crush Margins Drop WOW and YOY

Soybean Crush Margins Drop WOW and YOY

Based on reports, there were no active trades on DDGS today as prices remain steady. Market participants noted that...

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