Market Update

Steady to slightly softer values have been indicated on feed related items from most contacts due to light interest levels. DDGS have been generally flat for the week, with some tighter ranges along with an increase on the low end. The out-front values have been reported lower for the day, with most contacts expecting pressure to remain in the market for the near term.

Wheat midds were mixed to stronger, based on regional demand and flour mill run-times. In Buffalo, run times have been indicated as lighter, keeping values generally steady, though wide ranges have been reported. Pressure out front has been communicated with market unease continuing to remain relatively high. In MN and KC, values tightened and moved up marginally.

Corn gluten meal continues to remain under pressure at the top side, though most values have remained within the previously set ranges for the week. CIF NOLA barge prices have been communicated as lower with limited…