Based on the most recent reports, the price range for corn gluten meal in Illinois decreased and both Iowa and Midwest rail for corn gluten feed dropped. Market participants reported a softer tone for meal and feed and anticipate the price trend to be going down.
CME grain prices had an upwards trend on Tuesday. March wheat increased by $0.1375, closing at $6.10/bu, and March soybeans jumped by $0.03, settling at $12.48/bu. In addition, March soymeal dropped by $0.90 to $367.60/st. and March corn rose by $0.0425 to $4.59/bu. Grain prices rebounded from Monday’s slump after corn, wheat, and soybean prices benefited from some technical buying, especially for wheat. The favorable conditions in Argentina and the recent rainfall in Brazil, expected to boost yield potential, were also factors for the gains in soybeans and corn.
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12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...