Grain and feed products witnessed limited traction this week, facing the challenge of slow harvest progress caused by upcoming rainfall in the Heartland and the recent Federal Reserve policy announcement. Furthermore, concerns have arisen regarding a potential drought in South America, which could impact soybean production for 2023/24. As a result, grain prices have been under continued downward pressure. In the DDGS market, one trade was reported this week, with a decline in the price range for MN/Dakotas. Additionally, market sources have noted lower bids for DDGS, possibly influenced by reduced prices of corn and soybean meal on feed prices.

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