According to the latest reports, DDGS prices continue to decline in a few states including Indiana, Iowa, Michigan, and Ohio. Market participants have agreed with the slight decrease and anticipate further drops in values over the upcoming months.

CME grain prices were mixed on Monday. March wheat declined $0.1225, closing at $6.17/bu, and January soybeans increased by $0.1125, settling at $13.27/bu. In addition, January soymeal rose by $7.20 to $412.80/st. while March corn dropped by $0.06, reaching $4.77/bu. Market players are paying close attention to the weather forecasts in South America, as well as the grain export inspection data that was mostly bullish, which has led to an increase in prices. Soybeans had a significant jump, as there are still concerns about Brazil’s production potential, particularly with reports of replanted acres in regions affected by drought. However, wheat prices have plummeted due to a wave of technical selling.
 

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