Trading activity for DDGS remained steady today, as reports align with current price ranges. Market participants noted that a couple of plants are undergoing maintenance, resulting in a momentary tighter supply.
CME grain prices had an upward trend, apart from December wheat which declined by $0.1125, reaching $5.84/bu. Meanwhile, December corn increased $0.0200, closing at $4.85/bu., and November soybeans jumped by $0.0600, settling at $13.69/bu. Additionally, October soymeal prices rose by $3.30, reaching $406.00/st. Wheat prices plummeted to their lowest level in over three months due to the ongoing decline in Russian export prices, aiming to boost demand.
Weekly Soybean Crush
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10.17.2024
US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables
The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.
10.17.2024
US fats and oils markets quiet amid industry event; DCO production up
The US animal fats and oils markets were quiet on Thursday October 17, with the majority of participants attending the American Fats and Oils Association (AFOA) event in Nashville.
The...
10.17.2024
US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...