DDGS prices have increased in the Iowa market while other values remained steady on Monday. Market participants have commented that the cold weather had slowed down most ethanol plants in the area last week, which has tightened supply and this has pushed offers higher.
CME grain prices were higher on Monday. March wheat increased by $0.0325, closing at $5.96/bu, and March soybeans jumped by $0.11, settling at $12.24/bu. However in some spreading dynamics, March soymeal dropped by $0.70 to $355.80/st. March corn rose by $0.0025 to $4.45/bu. Corn prices showed minor gains as market players looked for new supply and demand trends. Soybean prices rose by double-digits following a round of technical buying influenced by rising crude oil prices. Additionally, sources suggested that soybeans were supported today by the recent news that Phillips 66 received approval to proceed with its renewable diesel plant in Rodeo, California.
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12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...