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CME Prices

  

Apr 26, 2017

    

On Thursday April 20th at close of trading on the CME, the following rounded quotations for corn, soybeans and soybean meal were recorded.

Values for corresponding months as quoted for the previous week are indicated in parentheses:-

 

On Thursday April 20th at close of trading on the CME, the following rounded quotations for corn, soybeans and soybean meal were recorded.

Values for corresponding months as quoted for the previous week are indicated in parentheses:-

COMMODITY

 

Corn (cents per bushel)

May ’17   357     (371)

July ’17     364   (378)          

Soybeans (cents per bushel)

May ’17   948     (957)

July ’17     958   (968)

Soybean meal ($per ton)

May ’17   309     (318)   

July ’17     313  (322)      

 

Changes in the price of soybeans and soybean meal this week were:-

  • Corn:                     May quotation up by 11 cents                    (+3.2 percent)
  • Soybeans:            May quotation up by 15 cents.                   (+1.6 percent)
  • Soybean Meal:    May quotation up by $11/ton                    (+3.6) percent)                                  

 

For each 10 cent per bushel change in corn :-

  • The cost of egg production would change by 0.45 cent per dozen
  • The cost of broiler production would change by 0.25 cent per pound live weight

 

For each $10 per ton change in the price of soybean meal:-

  • The cost of egg production would change by 0.40 cent per dozen
  • The cost of broiler production would change by 0.25 cent per pound live weight

 

See posting on the April 12th edition of CHICK-CITE summarizing the April 11th USDA-WASDE Report #564 for a review of price projections and quantities of commodities produced during the 2016-17 season.