USDA – Compared to last period, trade active on good demand for feed grade corn, trading 30 cents lower than two week’s ago and 68 cents higher than a year ago. The bulk of activity was on forward contracting, mainly for Q4 2018 and Q1 2019. Yields reported are higher than expected.
Trade activity and demand moderate on feed grade soybeans. No comparable trades to trend, but steady undertones noted and prices received are 45 cents higher than a year ago.
Feed wheat trade too limited to trend, but firm undertones noted. Trade activity and demand moderate for soybean meal and oil. No comparable trades to trend, but mostly steady undertones noted.
Trade inactive on all other organic grains. Corn and soybean harvest delayed in many states due to heavy rain.
To see the full market report courtesy of the USDA, click here.
*All prices listed in US dollars