Sources reported one trade on DDGS today with a slight decrease in the MN/Dakotas price range. Market sources also reported that bids for DDGS appear to be getting lower as lower corn and soybean meal prices begin to impact feed prices.
CME grain pricing had a downward trend today. December corn decreased by $0.0475, falling to $4.71/bu. December wheat fell by $0.1300, dropping to $5.91/bu. November soybeans shifted down, with a decrease of $0.2350 and settling at $13.16/bu. Additionally, October soymeal prices fell by $3.20, reaching $390.40/st. The grains market is currently facing concerns regarding the economy and weather conditions. It is expected that the U.S. Fed will maintain high rates this week in an attempt to reduce demand to control inflation.
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)...