DDGs prices increased in the Minnesota/Dakotas market, while values in Channahon, IL, Indiana, and Ohio dropped. Market participants mentioned that supplies are tight due to the recent slowdown in plant production and noted that the market continues to feel heavy.
Most CME grain prices were on a downward trend on Monday. The only grain that showed an increase was March soymeal, which rose by $5.30 and closed at $354.30/st. March soybeans shifted down by $0.15 to $11.94/bu. Furthermore, March corn dropped by $0.06 to $4.40/bu, and March wheat fell by $0.0675 to $5.93/bu. Grain prices dropped once again due to lingering demand concerns and large global stocks. Soybean prices faced double-digit losses due to the harvest progress in Brazil, where a record-breaking crop is still expected this season. Furthermore, wheat and corn prices declined following a round of technical selling.
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11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...