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.
**No Bulletin/Price Guide Published on Monday, May 29 in observance of the Memorial Day holiday.**
Market Update
CME grain pricing levels were steady to slightly softer for the day due to US dryness and apprehensions over the Black Sea grain initiative. Drops in oil prices as well as strength in the US dollar led to ebbs and flows throughout the day
Corn was unsettled but higher by $0.0350 to $5.90/st. Soybeans were lower by $0.0050 to $13.42/st while soymeal was weaker by $5.00 to $397.20/st. Meanwhile, wheat decreased by $0.0200 to $6.04/st on profit taking.
DDGS were indicated as lower moving into the long weekend, with most adjusting inventory levels ahead of the holiday. Values out front have been called unsettled and wide ranging.
Weekly Export Sales – Released May 25
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