Based on the latest reports, DDGS prices remain unchange as sources indicate steady levels. Market participants are expecting the next few weeks to be interesting as the DDGS pipeline is refilled and discussions about whether the demand will hold on.

CME grain pricing had a negative trend today. March corn decreased $0.075, falling to $4.63/bu. March wheat fell $0.2125, dropping to $6.06/bu. March soybeans shifted down, with a decrease of $0.245 and settling at $12.73/bu. Additionally, March soymeal prices were down $6.50 to $379.50/st. The first session of 2024 showed soybean and wheat prices facing double-digit losses. Market players continue to monitor weather patterns in South America as recent rainfall in Brazil is expected to reduce harvest losses. As a result, soybean and corn prices have declined while wheat prices plunged due to a widespread round of technical selling.

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