Based on the most recent reports, DDGS prices have dropped out of the Minnesota/Dakotas, Indiana, Iowa, and Ohio markets. Market participants have commented that the market is trending downwards due to the weakening corn and soymeal markets.
CME grain pricing had a negative trend today. March corn decreased $0.0575, falling to $4.55/bu. March wheat fell $0.1975, dropping to $5.96/bu. March soybeans shifted down, with a decrease of $0.1075 and settling at $12.45/bu. Additionally, March soymeal prices were down $0.90 to $368.50/st. Declining crude oil prices and favorable weather in South America triggered another round of technical selling today, which pushed corn prices to their lowest levels in over three years. Meanwhile, soybeans faced double-digit losses, reaching a two-year low. Additionally, wheat prices also suffered double-digit losses, following other commodities.
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04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...