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…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...