Distiller dried grains (DDGs) continued to show active movement on the spot market, however, participants repeatedly commented on limited future activity due to unsettled out-front pricing levels. DDGs moved up on the day from $2.50/st to $12.50/st, depending on region and availability levels. A high of $300/st was reported in several regions; Channahon, IL as well as KY, TN, and AR (markets currently not covered on the bulletin). Beverage ethanol pricing was reported higher as well, with a $15.00/st price increase from yesterday.
Corn gluten meal and corn gluten feed were both higher for most transportation methods and regions, due to availability and interest levels. Most lower pricing on rail and barge is due to continued irregular pricing and market swings, which have been reported as increased in the several week.
May wheat futures were higher by $0.58/bu to $11.54. May corn futures were up by $0.975/bu to $7.58, May soybeans down…
11.29.2023
Preem to Convert Lysekil Refinery to Produce SAF, Renewable Diesel
Preem, Sweden’s largest fuel company with a refining capacity of over 4.7 billion gallons of crude annually, announced plans to convert its Lysekil refinery to produce sustainable aviation fuel...
11.29.2023
DCO Production Declines for 2nd Week in a Row
*Please Note - Ryan Standard will be out of the office for the remainder of the week. He will return on Monday, December 4, 2023. In his absence, please...
11.29.2023
Heavy Nearby Supply Pressures MBM Markets Lower
Trading was again fairly quiet today, but there continue to be reports of negative pressure on ruminant and porcine meat and bone meal (MBM) markets. Sources again stated that...