The start of the week saw lingering volatility due to the continued conflict between Ukraine and Russia. May wheat futures hit limit up early in the day again for the fourth work day in a row, up by ₵85.00 to $12.94, May corn futures were lower ₵3.50 to $7.50, May soybeans dropped ₵1.00 to $16.59, and May soybean meal was lower by $1.70 to $458.70.
DDGs reports come higher pricing again in the market with late day trading from Friday afternoon. Pricing in Iowa and Channahon, Illinois regions moved higher today, though wide ranges remain noted due to increased unpredictability.
The Central Illinois crush margin declined after last week’s climb, showing a week-on-week decrease of 14.8 percent. Currently, the pricing of soybeans is at $16.56 per bushel, a 3.6 percent gain over last week, leading to a higher cost per bushel. Soybean oil pricing on Central IL dropped slightly this week,…
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...