Organic feed wheat prices remain steady. There is no clear indication on supply, which is preventing any dramatic price movement in organic feed markets. Conventional wheat markets suffer from the same uncertainty, but alleged scarcity on the horizon has not buoyed prices.
Wheat futures markets have been unmoved by recurrent news of supply issues. Similar forecasts a year ago – as well as in 2022 – warned of historically low supply that did not materialize, causing fatigue in traders over the issue. Russian and Ukrainian exports continue to grow and the novel circumstances affecting both production and shipping there make predictions difficult.
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07.26.2024
US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand
On Friday July 26, the US Court of Appeals vacated at least some of the blanket small refinery exemption (SRE) denials made by the Environmental Protection Agency (EPA) in...
07.26.2024
Animal fats and oils trade freezes following soybean oil market drop on SRE report
Trading in the animal fats and oils market was quiet on Friday July 26; the California yellow grease market the only one to rise, with prices up to 31-32...
07.26.2024
Porcine bloodmeal, Missouri River, moves higher week on week; June commercial cattle, hog slaughter
US animal protein prices were highly mixed in the week to Friday July 26, with limited trade on both Thursday July 25 and on Friday. Porcine bloodmeal was the...