04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Market Update
Wheat midds saw a mixed call today with lighter movement for Kansas City. Decent run times were reported along with active demand. Going forward, value for wheat midds is sturdy given the valuation of other grain pricing in the market.
May wheat futures contracted significantly today, at midsession shortly after the release of the WASDE, hitting limit down to $12.01. May corn futures were lower by $0.020/bu to $7.33, May soybeans down $0.18/bu to $16.71, and May soybean meal was higher by $1.40/st to $474.70, all showing little to no affect from the publication of the WASDE report.
March WASDE Shows Low Impact on Daily Markets
The March World Agriculture Supply and Demand Estimates (WASDE) released by the USDA was highly anticipated with the continued conflict between Ukraine and Russia. According to a Bloomberg…