Commodity prices have been moving higher over the last several weeks in many agricultural areas. Both grain and oil values have been surging and many reaching multi-year highs in the process. Corn gluten feed is among those commodities spiking in price. A contributing factor in the recent price surge is a large producer rumored to be having production problems. The issue has caused the producer to pull their quotes from market, triggering a perceived shortage in supply.
Some other buyers and producers feel this a minor blip and not reflective of current market values. However, some of them are currently running low or are out of supply as well. One report indicates that when supply for them resumes they will likely be a seller in the lower $200 per ton…
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...