DDGs witnessed a few trades today, with market participants noting support from rail market demand. Sources also acknowledged the positive effect of the recent run-up in soybean meal, which has helped maintain most values. Furthermore, trades across various locations including Channahon, IL, Iowa, Illinois, Indiana, and Ohio have resulted in higher price ranges.
CME grain prices were mixed on Monday. December wheat saw an increase of $0.0325, closing at $5.75/bu, and January soybeans recorded a rise of $0.1225, settling at $13.64/bu. In addition, December soymeal dropped by $4.60 to $437.50/st. and December corn was unchanged at $4.77/bu. Soybean prices surged, as market players analyzed the most recent export inspection data from the USDA, in addition to the latest weather patterns in South America. Technical buying prompted a rise in the price of wheat.
Weekly Soybean Crush
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