Market Update

Higher pricing in distiller dried grains (DDGs) continues to be reported from participants at the start of the week. Unsettled tones have been communicated with continued volatility and wide ranges in the market.

May wheat futures were down $0.1025/bu to $10.96. May corn futures were lower by $0.1425/bu to $7.48, May soybeans down $0.0550/bu to $16.70, and May soybean meal was higher by $7.20/st to $484.30.

Reduction in Forecast of Grain Consuming Animal Units for 2021/22

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