Buffalo wheat mid prices have come down about $10 per ton this week and are trading in the range of $110/$120 FOB. According to one merchandiser The Jacobsen spoke with, “the market is roughly unchanged from last week as far as supply is concerned, we just are not seeing Canadian demand where we expected it to be over the past week.” This has had a dampening effect on prices, but it is expected to be short lived.
Prices are off their near-term highs of $170 per ton after dropping to $128 in August. However, even at $128 per ton, Buffalo wheat midd values are roughly $45 per ton above the three-year average. Prices have climbed moving into September, which agrees with the frequency up move chart shown below. Prices tend to rise 60 percent of the time in September and October over the…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...