Wheat Midd prices have been trading above the historical average for this time of year. The average price paid during November was $133.38 per ton. This is in line with pricing seen last year but $40 per ton over the five year average. Wheat middling values are expected to stay firm through December and begin to soften during the first quarter of 2021.
Reduced run-times at mills had been helping to support pricing in late November and early December. A Reduced 2020/21 wheat supply outlook is also working to prop up wheat midd values. 2019/20 crop year ending stocks for wheat were at 1.03 billion bushels. The 2020/21 crop year forecast shows ending stocks to be down 16 percent at 862 million bushels. Wheat midd prices typically rise 80 percent of the time during December and this December will not prove to be an…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...