05.16.2024
Animal fat prices steady on limited volume traded
Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.
On Thursday,...
DDGs prices were mostly steady across most locations, while the Minnesota/Dakotas market showed an increase. Market participants reported values that are consistent with current price ranges and observed a quiet tone in the market today.
Most CME grain prices were higher on Monday. The only grain market with a decrease was March wheat, which dropped $0.095 and closed at $5.90/bu. March soybeans jumped $0.0775 and settled at $11.96/bu. Additionally, March soymeal increased $4.30 and closed at $361.10/st, and March corn remained unchanged at $4.42/bu. A round of technical buying has helped boost soybean prices, partly driven by a better-than-expected set of export inspection data from the USDA. Wheat prices continue to face negative pressure due to competition overseas and a strengthening U.S. Dollar. However, corn prices remain steady following some light technical buying.
Weekly Soybean Crush
…