The latest reports indicate that DDGS prices decreased in certain states such as Minnesota/Dakotas, Illinois, and Iowa. Market participants have acknowledged weaker DDGS values and have expressed the challenges they are facing due to the current cold and snowy weather.
CME grain prices were mixed on Tuesday. March wheat declined $0.14, closing at $5.82/bu, and March soybeans increased by $0.03, settling at $12.27/bu. In addition, March soymeal rose by $9.00 to $371.10/st. while March corn dropped by $0.035, reaching $4.43/bu. Most grain prices are seen returning to the red following the release of the latest WASDE report by the USDA last Friday. Wheat prices suffered a double-digit loss due to competition overseas and ample global stocks, which have been driving prices down over the past few weeks. However, soybeans received limited support due to dropping production estimates in Brazil.
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11.20.2024
Biodiesel supply tightens heading into the new year
Producers, blenders and fuel suppliers are reporting a slowdown in trading this week. A Fastmarkets survey of participants showed that overall sentiment has the market slowing ahead of...
11.20.2024
California UCO prices climb; DCO production eases slightly from record high
US animal fats and oils prices showed mixed trends on Wednesday November 20, with most market activity concentrated in the Gulf and West Coasts.
11.20.2024
US animal proteins steady; avian flu in birds increases in fourth quarter
US animal protein prices were steady on Wednesday November 20. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving weekend starting on Thursday...