Market Update
Following the holiday, markets appear to be stagnant. Corn gluten products remained steady, and participants indicate trading activity for DDGs has been slow. Sources also reported that the decline in corn prices as well as the rise in soybean and meal prices appear to be supporting DDGs. However, exporters are still waiting for DDGs to match corn values.
CME grain pricing was mixed today. Corn decreased by $0.0275, falling to $4.85/st, Meanwhile, soybeans increased $0.0100 to $14.68/st. Soymeal was down $1.60 to $410.10/st and wheat increased by $0.3250 to $6.74/st.
Crop Progress July 2
…
01.14.2025
EIA raises US renewable diesel output forecast for 2024-25, lowers 2025 biodiesel production outlook
The US Energy Information Administration (EIA) raised its 2024 forecast for the production of renewable diesel (RD) in the US while maintaining its 2024 biodiesel output estimate in its...
01.14.2025
DCO tracks soybean oil prices higher; fats markets unchanged
Market activity for US animal fats and oils was relatively subdued on Tuesday January 14, though sources noted a bullish sentiment in the market.
01.14.2025
USDA raises 2024/25 forecast for GCAU count, lowers feed grain use estimate
Most US animal protein prices were flat to up day on day on Tuesday January 14. Animal protein products were slow to start the week, with light volumes traded,...