Weekly Soybean Crush: Soybean Oil Reaches 9-Week High

Weekly Soybean Crush: Soybean Oil Reaches 9-Week High

Market Update

Reports suggest DDGs have experienced continued negative pressure due to sluggish demand and weak exports. Furthermore, the recent increase in ethanol production has kept plants stocked with DDGs, leading to additional downward stress on spot prices. According to sources the surge of corn prices on the board could trigger some max DDG inclusion into the diets. The price dropped to a low of $185/st in both Iowa and Michigan.

 

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