Wheat Midd Prices Climb on Strong Demand

Wheat Midd Prices Climb on Strong Demand

 

Minnesota Wheat MIdds Prices $80 over Three-Year Avg

Wheat Middling Values continue to move higher.  Run-times have been solid, averaging about five days per week in Minneapolis, but demand out of the south-central states has been strong.  Current demand has been holding supply at a “day to day” level, according market brokers. Prices out of Minnesota increased by five dollars per ton from last week. Kansas City and Wichita also are seeing a demand squeeze pushing values higher.  

January through March are months where wheat midd prices generally tend to relax, but that is not the case this year.  One merchandiser felt lack of DDGS supply may be a contributing factor in increased demand.  Feed ration adjustments have been altered and wheat midd demand has accelerated.  Current market pricing is far beyond normal for this time of year. Spot values approaching $175 per ton are $75 over pricing…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Request a Free 7-Day Trial


    Please enter the level or reporting you're most interest in.
  • Hidden

    Please select the area in which you are most interested in our reporting.
    Please select all areas of secondary interest to you.

  • Must be between 10-26 characters. Including 1 number, 1 capital letter, 1 lower case letter, and 1 special character.
  • Hidden
  • Hidden

*all fields required

More from the author

05.20.2021

April Renewable Fuel Consumption Slows

04.29.2021

Strong Demand from Mexico and China Lifts Soybean Exports

04.22.2021

Wheat Exports Reach 10-Week High

Blog

07.16.2021

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend    

Vegetable oil prices extended higher on Friday, with U.S. soybean oil futures up again on bean oil/meal spreading as well as...

06.23.2021

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Vegetable oil prices were higher on Wednesday, with overnight gains in palm oil futures driven by bargain buying supporting...

06.04.2021

What’s Ahead in the FOG Markets?

What’s Ahead in the FOG Markets?

Rising Tide – What’s Ahead in the FOG Markets Ryan Standard, Fastmarkets / The Jacobsen The following video is a capture from The Jacobsen Fuels & Feedstocks Virtual Conference...

Latest Tweets