DDGs prices held steady in most locations, apart from the Minnesota/Dakota and Iowa markets which showed a slight decrease. Market participants noted some downward pressure in the market but also mentioned that plant issues are keeping spot values steady.
CME grain prices shifted higher across the board on Monday. March soymeal increased by $2.10/st and closed at $348.90/st. March soybeans increased by $0.095 and settled at $11.93/bu. Furthermore, March corn futures rose $0.015 to $4.30/bu, and March wheat increased by $0.0075 to $5.97/bu. The weather patterns in Argentina and Brazil continue to have an impact on grain prices as the expected rise in temperature starts to pressure crops. Corn and soybean prices displayed modest gains following a round of technical buying, while wheat showed a minor increase.
Weekly Soybean Crush
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07.26.2024
US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand
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