Ethanol Production Drops as Stocks Uptick
Trading activity for wheat midds was relatively quiet. There was one active trade reported, which resulted in a price...
Participants called the animal proteins market quiet for the day. Communications of pressure on bloodmeal and porcine meat and bonemeal continued, though most values were rangebound for the day. Most market participants are expecting a drop in the near term, causing a sit-and-wait sentiment, waiting out the CBOT soybean meal values. This is due to the soybean meal nearby and futures spread being so vast and lower out front.
For the week ending August 12th, 2023, broiler slaughter is forecast...