USDA – Compared to two weeks ago, feed grade corn demand and activity moderate, trading .01 lower. Feed grade soybean demand moderate, trading another 24 cents higher this period on light activity. Soybean meal and soybean oil trade inactive on the spot market as contracts deliver.
Trade inactive on feed wheat with old crop bids at 8.00 delivered. Forward Contracting light this period with contracts negotiated for mostly Q3 and Q4 delivery. Food grade wheat trades consisted of SRW wheat, trading 9.00‐9.25 with the remainder in HWW wheat, trading at 11.50. Few spot trades on feed oats, feed barley, and feed white milo.
Trade inactive on organic dry edible beans. All other organic grain trade inactive.
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*All prices listed in US dollars