CME grain pricing experienced an uptick across most grain items. After the USDA reduced their quality rating, corn prices gained momentum, increasing by $0.1050 to $6.08/st. Soybean prices made modest gains as traders balanced their positions ahead of the next WASDE report, increasing by $0.0325 to $13.53/st. Meanwhile, soymeal dropped by $4.50 to $396.70/st, and wheat rose by $0.0375 to $6.27/st.
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04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...