05.10.2024
2024 RIN Dashboard April Edition
Renewable Identification Number (RIN) generation has been strong during the first quarter of 2024. The original 2024 mandate was based on fuel assumptions that have since changed. ...
Price ranges for corn gluten products remained relatively stable throughout the day. However, there were reports on corn gluten feed that led to a decline in Midwest barge and rail prices. Overall, market participants noted a quiet tone in the market for Tuesday and reported steady price levels for corn gluten meal.
CME grain prices were mixed on Tuesday. March wheat remained unchanged at $5.97/bu while March soybeans decreased by $0.0675, settling at $11.86/bu. In addition, March soymeal dropped by $4.10 to $344.80/st, but March corn rose by $0.0025 to $4.30/bu. Following some light technical buying, corn prices were able to secure modest gains. However, soybeans suffered a decline as the ongoing anticipation of strong production from South America kept pressure on soybeans and negatively affected other grains.
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