Market Update
Corn gluten products had limited trading activity since the Friday WASDE report. Prices for corn gluten feed were communicated as trending upwards, ranging between $170-$180 for spot and out front. In addition, reports of corn gluten meal was confirmed at a low of $500.
CME grain pricing experienced an uptick across most grain items, except for corn which decreased in value due to limited rainfall. Soybean prices surged following the report by the USDA regarding reduced crop quality, increasing $0.2650 to $13.99/st. In addition, soymeal gained $0.10 to $397.50/st, while wheat rose slightly by $0.0250 to $6.36/st.
Crop Progress June 11
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05.14.2024
LCFS credit trading volumes, prices decline on week
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Animal fats prices steady on the week; Weekly average DCO 36.89% under three year average
Animal fats prices were flat on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the Fastmarket’s Biofuels...
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Dog, cat food exports for Q1 2024 drop in price, volume year on year
Animal proteins prices were steady to lower on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the...