US soybean, spring wheat crop conditions steady; corn deteriorates

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US soybean, spring wheat crop conditions steady; corn deteriorates

Alexandra Watts | 07.23.2024

Most grain prices on the Chicago Mercantile Exchange fell on Tuesday July 23. The September wheat futures contract decreased by 5.25 cents per bushel, settling at $5.42 per bu, while September corn increased by 2.25 cents per bu, closing at $4.02 per bu.

Meanwhile, August soybean meal fell by $0.90 per short ton to $342.70 per ton, and August soybeans dropped by 0.25 cents per bu to $11.17 per bu.

Corn gluten meal (CGM) and corn gluten feed (CGF) prices were steady...

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Wet blue demand stronger than demand for cured hides

Wet blue demand stronger than demand for cured hides

Wet blue sales are stronger than cured hide sales in the current market due to their lower cost to...

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US palm oil, olein cash prices close gap with tallow market

US palm oil, olein cash prices close gap with tallow market

Spot prices for US palm oil and palm olein were steady to slightly lower on Tuesday July 23, with...

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Crude glycerin prices steady or higher as biodiesel margins slip

Crude glycerin prices steady or higher as biodiesel margins slip

Marketers of crude glycerin were reporting prices that were steady or higher prices following reduced biodiesel margins in the...

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Tallow trades higher into US Gulf, closing price gap with Chicago market

Tallow trades higher into US Gulf, closing price gap with Chicago market

Tallow traded higher into the US Gulf market on Monday July 22, up to 51.0 cents per lb from...

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Hog slaughter forecast to trend higher into August

Hog slaughter forecast to trend higher into August

Please note - Chloe Krimmel will be out of the office through Wednesday July 24. In her absence, please...

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Central Illinois soybean crush margins hit six-month high

Central Illinois soybean crush margins hit six-month high

Chicago Mercantile Exchange grain prices rose across the board on Monday July 22.

The August soybean futures contract...

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Low hide supply supports narrow trading ranges

Low hide supply supports narrow trading ranges

The US hide market closed the trading day on Monday July 22 with little to no activity reported, but...

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Soybean oil/heating oil futures price spread widens

Soybean oil/heating oil futures price spread widens

The soybean oil/heating oil (BOHO) futures spread widened in the week to Monday July 22, with losses in heating...

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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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