USDA – Compared with two weeks ago, feed grade corn demand good, trading 21 cents lower. Forward contracting active. Feed grade soybean demand and activity very light trading 13 cents lower FOB. Light forward contract activity. Soybean meal and oil demand and trade activity too limited to trend, but steady undertones noted.
Feed wheat demand and activity light with prices reflecting SRW and HRW low protein wheat trading on average 7.43 delivered. Trade inactive on food and feed grade oat, barley, rye, sorghum, triticale and millet. Growers are expecting to be slightly lower than last year but better than earlier estimates. All other organic trade inactive.
The NASS National Crop Progress Report will next be available on Jan. 17, 2018 due to upcoming holiday weeks.
To see the full market report courtesy of the USDA, click here.
*All prices listed in US dollars