DDGs prices increased in the Minnesota/Dakotas market, while values in Channahon, IL, Indiana, and Ohio dropped. Market participants mentioned that supplies are tight due to the recent slowdown in plant production and noted that the market continues to feel heavy.
Most CME grain prices were on a downward trend on Monday. The only grain that showed an increase was March soymeal, which rose by $5.30 and closed at $354.30/st. March soybeans shifted down by $0.15 to $11.94/bu. Furthermore, March corn dropped by $0.06 to $4.40/bu, and March wheat fell by $0.0675 to $5.93/bu. Grain prices dropped once again due to lingering demand concerns and large global stocks. Soybean prices faced double-digit losses due to the harvest progress in Brazil, where a record-breaking crop is still expected this season. Furthermore, wheat and corn prices declined following a round of technical selling.
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12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...