Sources reported quiet trading for wheat midds, indicating steady levels. However, market participants reported trades for DDGS with price ranges falling in both Indiana and Ohio.
Most CME grain prices witnessed a downward trend on Wednesday. The only grain that experienced an increase was December corn, which jumped by $0.025 and closed at $4.88/bu. November soybeans decreased by $0.19 and settled at $12.52/bu. Additionally, December soymeal dropped by $0.40 and closed at $377.10/st., and December wheat fell by $0.025 to $5.56/bu. The anticipation for the upcoming WASDE report by the USDA has caused most grains to close in the red today. Soybeans experienced a significant decline, with a double-digit drop attributed to the USDA’s latest crop progress report resulting in a one-point reduction in quality ratings.
Crop Progress October 10
The…
10.17.2024
US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables
The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.
10.17.2024
US fats and oils markets quiet amid industry event; DCO production up
The US animal fats and oils markets were quiet on Thursday October 17, with the majority of participants attending the American Fats and Oils Association (AFOA) event in Nashville.
The...
10.17.2024
US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...