USDA – Compared to two weeks ago, feed corn demand good on active trade. Feed corn traded 86 cents higher FOB. Forward Contract activity mostly on transactions directly between the grower and end user, with delivery out as far as Q3 of 2019, whereas the same time last year buyers where only contracting out into the next quarter.
Feed grade soybeans traded 32 cents lower FOB on moderate demand and activity. Food Grade soybean demand and activity good with no comparable trades for trend. Soybean meal traded 10.09 higher FOB on moderate demand and activity. Soybean oil trade too limited to trend, but steady undertones noted.
Feed and food grade wheat demand and activity moderate with no comparable trades to trend. Food grade HRW wheat mostly 13.50 to 13.75 FOB. Food grade HRS wheat 15.50 delivered. Feed grade HRW wheat mostly 8.00 FOB.
Trade activity on all other organic grains too limited to trend.
To see the full market report courtesy of the USDA, click here.
*All prices listed in US dollars