Distiller Dried Grains Commodity Markets, Prices & Futures
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Latest News From Rough Rice
The landscape for U.S. renewable diesel production has changed dramatically, similar to the growth of ethanol and biodiesel in the past two decades, according to a report from USDA’s Foreign Agricultural Service.
La Niña patterns tend to produce hotter conditions across the central and eastern United States.
Scott Varilek, Kooima Kooima Varilek, is still optimistic the cattle market will be able to achieve all-time highs again in both cash and futures in the next few months.
BASF announces it has developed an innovative tool – Nemasphere – that company leaders expect will eventually become the standard for soybean cyst nematode management.
The higher day in corn after the WASDE was encouraging to Oliver Sloup, Blue Line Futures, “I’ve kind of been telling folks no new bearish news, is actually good news,” he explains.
Grains end lower except corn after USDA makes on only slight adjustments in the June WASDE. Oliver Sloup, Blue Line Futures, says now the market will prep for the month end reports and watch weather.
For 2024, USDA raised its pork production forecast 40 million lbs. on a more rapid pace of second-quarter slaughter and higher dressed weights. USDA lowered its 2024 beef production forecast 5 million lbs.
Grains mixed after the WASDE with very few changes for corn and soybeans. Wheat did see slightly lower U.S. ending stocks and Russian, EU and Ukraine production dropped a total of 8 mmt says Jim McCormick, AgMarket.Net.
Cattle rally on strong cash but face a tug of war due to bird flu news says Scott Varilek, Kooima Kooima Varilek. Hogs try to follow but struggle with sliding cash. Row crops higher, wheat lower correcting pre- report.
Matt Bennett, AgMarket.Net, says traders evened positions Tuesday going into the USDA reports. However, he’s expecting very few revisions on a U.S. basis so he’s looking at global numbers.