Organic feed wheat prices remain steady. There is no clear indication on supply, which is preventing any dramatic price movement in organic feed markets. Conventional wheat markets suffer from the same uncertainty, but alleged scarcity on the horizon has not buoyed prices.
Wheat futures markets have been unmoved by recurrent news of supply issues. Similar forecasts a year ago – as well as in 2022 – warned of historically low supply that did not materialize, causing fatigue in traders over the issue. Russian and Ukrainian exports continue to grow and the novel circumstances affecting both production and shipping there make predictions difficult.
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09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...
09.06.2024
US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
09.06.2024
Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...