Black Sea Uncertainty Drives Volatility in Grain Markets

Black Sea Uncertainty Drives Volatility in Grain Markets

Grain and feed items shifted significantly over the week due to potential rain in the Midwest, which is in contrast to the earlier hot and dry expectations for the upcoming week. Trading activity has been very volatile due to persistent issues in the Black Sea. While DDGS remain stagnant, rail prices appear to be stronger. Sources have commented that domestic demand is solid due to the corn and soybean meal ratio, potentially creating higher export interest.

The corn gluten product market was active this week. Sources specified that despite the recent leap in the corn market, corn gluten feed prices remained flat due to a lack of buyers at higher rates. After a week of rapid market volatility corn gluten meal prices appear to be stronger over the week.

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Runner market commentary
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03.03.2025

EASA releases EU SAF mandate penalty reference prices

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