DDGS remained unchanged today with sources reporting limited trading activity. However, market participants noted that plant outages are likely to persist due to fall maintenance.
CME grain prices witnessed an upward trend across the board on Monday. October soymeal increased by $3.80 and closed at $392.00/st. November soybeans shifted up by $0.015 and settled at $12.97/bu. Additionally, December corn rose by $0.04, reaching $4.81/bu, and December wheat jumped by $0.095 to $5.89/bu. Despite the lack of positive momentum in recent weeks, grain prices received a boost today from a significant flash corn sale and increased geopolitical tension in the Black Sea region.
Weekly Soybean Crush
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05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...