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,…
07.26.2024
US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand
On Friday July 26, the US Court of Appeals vacated at least some of the blanket small refinery exemption (SRE) denials made by the Environmental Protection Agency (EPA) in...
07.26.2024
Animal fats and oils trade freezes following soybean oil market drop on SRE report
Trading in the animal fats and oils market was quiet on Friday July 26; the California yellow grease market the only one to rise, with prices up to 31-32...
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Porcine bloodmeal, Missouri River, moves higher week on week; June commercial cattle, hog slaughter
US animal protein prices were highly mixed in the week to Friday July 26, with limited trade on both Thursday July 25 and on Friday. Porcine bloodmeal was the...