Ethanol Production and Stocks Fall Week-on-Week
CME grain prices were mixed on Wednesday. December wheat saw an increase of $0.1225, closing at $5.56/bu,...
Trading was again fairly quiet today, but there continue to be reports of negative pressure on ruminant and porcine meat and bone meal (MBM) markets. Sources again stated that difficulty with exports and reformulations have led to extra nearby supply. Moving into December, buyers are likely giving MBM a second look at the current value relative to soybean meal. At $250, ruminan...
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