Soy Market Higher Heading into Long Weekend

Soy Market Higher Heading into Long Weekend

**No Bulletin/Price Guide Published on Monday, June 19

Weekly Market Update

Grain and feed items gained momentum throughout the week, primarily due to worries of dry weather in the Midwest leading to reduced yield prospects for corn and soybeans. This sent futures sharply higher Thursday, with corn reaching a two-month high. The weekly averages of DDGs and corn gluten had varying levels, yet DDGs began to fall, with a decrease seen in the MN/Dakotas market, down 1.5 and Illinois steady. This can be largely attributed to the climbing prices of corn and soybean meal, a factor which will further support the DDG market going forward.

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