Weekend rain across much of the US Farm Belt is seen as being beneficial for crops and could boost supply in time for harvest. Parts of Iowa and Minnesota, both affected by outlying drought conditions in parts of the state are seen as benefitting from rain this weekend. Could it be enough to help crop conditions and boost supply? The market answered with a tentative yes as prices moved lower across the board on Monday’s trading activity.
September corn futures settled 9.75 cents lower on Monday at $5.40¼ per bushel. September soybean futures closed 54.5 cents lower at $13.04¾ per bushel, and September wheat ended the day at $7.08¾, down 9.75 cents per bushel.
The US Department of Agriculture is expected to rate 59 percent of the…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...