Corn:
The corn harvest is slower than many had anticipated it would be in this week’s crop progress report. However, this year’s pace is ahead of last season’s and on par with the historical average. The harvest is 15 percent complete, up seven points from last week and a point shy of the historical norm for this time of year. This year’s corn crop is 75 percent mature, which is 10 points ahead of the historical average and 36 points over last season’s pace. Early maturing conditions should lead to increased harvest speed if the weather remains favorable. Tennessee, Missouri, and Illinois all trail their average harvest pace by significant…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...