Although DDGs prices remained steady in most locations, there was a slight drop reported in the Michigan market. Market participants have expressed concerns about the market being heavy and anticipate some price relief on the DDG front as we approach March.
CME grain prices shifted higher across the board on Tuesday. March soymeal increased by $2.00/st and closed at $347.60/st. March soybeans increased by $0.0675 and settled at $11.79/bu. Furthermore, March corn futures rose $0.0225 to $4.18/bu, and March wheat increased by $0.2225 to $5.82/bu. Following a round of technical buying, corn and soybean prices showed modest gains. Wheat faced a double-digit increase, with market players noting that the movement was largely fueled by short covering by traders rather than any significant news.
Weekly Soybean Crush
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01.03.2025
Imports of biodiesel, renewable diesel continued to slow during October
US Energy Information Administration (EIA) data released on Tuesday December 31 showed biodiesel and renewable diesel (RD) import volumes declined during October 2024. Biodiesel imports had fallen during five...
01.03.2025
Renderer BFT prices climb; CWG closes week lower
The US animal fats and oils markets closed the week largely stable on Friday January 3, with the exception of the choice white grease (CWG) and tallow markets.
01.03.2025
US meat meal production in November down year on year: USDA
US animal proteins prices on Friday January 3 were steady day on day.
November animal by-product production, stocks
In November, US production of feathermeal (FM) increased month on...