DDGS remained unchanged today with sources reporting limited trading activity. However, market participants noted that plant outages are likely to persist due to fall maintenance.
CME grain prices witnessed an upward trend across the board on Monday. October soymeal increased by $3.80 and closed at $392.00/st. November soybeans shifted up by $0.015 and settled at $12.97/bu. Additionally, December corn rose by $0.04, reaching $4.81/bu, and December wheat jumped by $0.095 to $5.89/bu. Despite the lack of positive momentum in recent weeks, grain prices received a boost today from a significant flash corn sale and increased geopolitical tension in the Black Sea region.
Weekly Soybean Crush
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11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...