USDA – Compared to two weeks ago, feed grade corn demand and activity moderate, trading six cents higher with feed grade bids remaining steady and forward contract activity moderate. Feed grade soybean demand and activity light, trading 20 cents higher with feed grade bids remaining steady to slightly lower and forward contract activity light. Soybean meal and soybean oil trade inactive on the spot market.
Trade inactive on feed wheat with feed grade bids unchanged. Food grade bids at 9.00 delivered for SRW, 19.00 delivered for HRS, and 21.50 delivered for Durum. Demand very good for food grade wheat with protein levels of 12.5 per cent and above. FOB food grade wheat trades consisted of SRW wheat; delivered elevator trades were a mix of SRW and HRW wheats. Few spot trades on feed oats, feed barley, and feed rye.
Trade inactive on organic dry edible beans. Buyers indicate that demand on Organic garbanzos good due to a possibility of low supply
To see the full market report courtesy of the USDA, click here.
*All prices listed in US dollars