There were a few trades on DDGS today. Market participants noted a softer tone to begin the week as prices were being affected by the weaker cash corn price and losses in soybean meal. This resulted in a decline for Minnesota/Dakotas, Channahon, IL and Illinois price ranges.

CME grain prices were mixed on Monday. March wheat saw an increase of $0.1775, closing at $6.20/bu while January soybeans recorded a loss of $0.1875, settling at $13.06/bu. In addition, January soymeal dropped by $4.40 to $408.30/st, but March corn increased by $0.0075 to $4.85/bu. Today’s movement was driven by a combination of factors including South American weather patterns and new grain export inspection data. Disappointing export inspection data and the potential for more yield-replenishing rains in Brazil caused soybeans to drop by double digits. On the other hand, demand optimism led to double-digit gains in the wheat market.

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