11.27.2023
Appeals Court Strikes Down EPA’s Denial of SREs
*Please Note – Bob Lane was out of the office today and will return on Tuesday, November 28, 2023.
On November 22, a U.S. appeals court struck down a decision...
Market Update
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.
Centrail ILL. Crush Lower by 14.8 Percent
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,…