DDGs prices were mostly steady across most locations, while the Minnesota/Dakotas market showed an increase. Market participants reported values that are consistent with current price ranges and observed a quiet tone in the market today.
Most CME grain prices were higher on Monday. The only grain market with a decrease was March wheat, which dropped $0.095 and closed at $5.90/bu. March soybeans jumped $0.0775 and settled at $11.96/bu. Additionally, March soymeal increased $4.30 and closed at $361.10/st, and March corn remained unchanged at $4.42/bu. A round of technical buying has helped boost soybean prices, partly driven by a better-than-expected set of export inspection data from the USDA. Wheat prices continue to face negative pressure due to competition overseas and a strengthening U.S. Dollar. However, corn prices remain steady following some light technical buying.
Weekly Soybean Crush
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...