Volatility continues to linger on the grains markets, as wheat saw limit down on today on the CME, dropping the price to $10.69. Corn futures were lower by $0.28/bu to $7.30, soybeans down $0.950/bu to $16.49, and soybean meal rescinded by $6.00/st to $478.00. Uncertainty still lingers for grains as the war persists, creating larger than expected implications for the overall market, leading to continued instability.
Ethanol Processing Margin Higher for Third Straight Week
Weekly ethanol production slightly decreased this week by 2 thousand barrels per day to a 1.026 million barrel-per-day average for the week ending March 11, 2022. The production decline was above analyst expectations of 1.013 to 1.035, averaging 1.024 barrels per day. Ethanol output was less than one percent below last week but remains above year ago…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...