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…
11.29.2023
Preem to Convert Lysekil Refinery to Produce SAF, Renewable Diesel
Preem, Sweden’s largest fuel company with a refining capacity of over 4.7 billion gallons of crude annually, announced plans to convert its Lysekil refinery to produce sustainable aviation fuel...
11.29.2023
DCO Production Declines for 2nd Week in a Row
*Please Note - Ryan Standard will be out of the office for the remainder of the week. He will return on Monday, December 4, 2023. In his absence, please...
11.29.2023
Heavy Nearby Supply Pressures MBM Markets Lower
Trading was again fairly quiet today, but there continue to be reports of negative pressure on ruminant and porcine meat and bone meal (MBM) markets. Sources again stated that...