CME grain pricing levels started out higher for most grains. Soybeans rose on the backs on soymeal and soyoil bouncing back from the previous week’s drops. Soymeal and soyoil rebounded on bargain buying amid worries over dryness El Nino could bring major producers Indonesia and Malaysia. Corn was higher by $0.1650 to $5.71/st with renewed demand expectations on the weekly inspected export report for the week. Soybeans were up by $0.3400 to $13.41/st while soymeal was firmer by $3.10 to $412.20/st and wheat increased by $0.0125 to $6.06/st.
The estimated Central Illinois crush margin decreased week ending May 19th, moving down week-on-week by 8.9 percent. Year-over-year crush margins remain under last year, last week by 40.7 percent from the respective week in 2022. As of last week, pricing for soy meal in Central ILL dropped to $417.20 per bushel, a 5.3 percent…
07.25.2024
DGD financial outlook improves despite lower Q2 margins
US renewable diesel major Diamond Green Diesel (DGD), a 50:50 joint venture between Valero Energy and Darling Ingredients, reported on Thursday July 25 a continued weakening in operating income...
07.25.2024
US Gulf tallow prices boosted by limited spot supply, strong Chicago market
Tallow with max 20% free fatty acids (FFA) traded at 51 cents per lb delivered US Gulf on Thursday July 25, following trades earlier this week at that price.
07.25.2024
Animal protein values flat; June poultry slaughter below traditional trends
US animal proteins values were indicated as rangebound on Thursday July 25, with light trade volume reported from multiple market sources.
US broiler slaughter
Fastmarkets' research team...