DDGs prices held steady in most locations, apart from the Minnesota/Dakota and Iowa markets which showed a slight decrease. Market participants noted some downward pressure in the market but also mentioned that plant issues are keeping spot values steady.
CME grain prices shifted higher across the board on Monday. March soymeal increased by $2.10/st and closed at $348.90/st. March soybeans increased by $0.095 and settled at $11.93/bu. Furthermore, March corn futures rose $0.015 to $4.30/bu, and March wheat increased by $0.0075 to $5.97/bu. The weather patterns in Argentina and Brazil continue to have an impact on grain prices as the expected rise in temperature starts to pressure crops. Corn and soybean prices displayed modest gains following a round of technical buying, while wheat showed a minor increase.
Weekly Soybean Crush
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05.14.2024
LCFS credit trading volumes, prices decline on week
California Low Carbon Fuel Standard (LCFS) credit volumes declined sharply while the average credit price moved lower in the week ended Sunday May 12, according to the figures released...
05.14.2024
Animal fats prices steady on the week; Weekly average DCO 36.89% under three year average
Animal fats prices were flat on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the Fastmarket’s Biofuels...
05.14.2024
Dog, cat food exports for Q1 2024 drop in price, volume year on year
Animal proteins prices were steady to lower on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the...