The wheat midd market has tightened this week. Steady demand and less than stellar run-times at processing plants have left supply and demand a bit out of sync according to brokers within the sector. Wheat midd values in the Minneapolis area moved from $185/195 per ton FOB to $195/205 per ton this week. Due to spotty run-times, the outlook for pricing is holding steady at this level through the third quarter. The KC and Wichita markets, which had been running at a premium are seen holding in the same price range.
DDGS prices are seen lower this week. Stronger than expected ethanol production has been pushing supply higher and letting some of the air out of regional prices. DDGS in Iowa had traded $185 last week and reportedly traded…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...