There were reduced run-times at the mills over the Holiday weekend. Supply remains good but producers and Brokers are hesitant to let prices slide too rapidly until they see that run-times remain solid following the Holiday. Demand has been strong, and the market appears to be well positioned to see lower prices in the near term.
Minneapolis wheat mid prices are about $170 per ton FOB this week according to sources. This is $20 per ton above values seen at this time last year, and $85 per ton over the prior three-year average. Historically, prices tend to move lower 60 percent of the time during April and this coincides with forward pricing we are seeing. For Minneapolis area pricing is projected to…
03.03.2025
EASA releases EU SAF mandate penalty reference prices
The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...
03.03.2025
Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains
Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.
03.03.2025
Trade quiet in animal protein market ahead of tariff implementation on Canada and Mexico
Trading was quiet in the animal protein market on Monday March 3 with many market participants taking a wait-and-see approach to US tariffs that are set to go into...