USDA – Compared to four weeks ago, feed grade corn demand and activity good, trading 35 cents higher. Forward contract activity moderate. Feed grade soybean demand and activity moderate, trading 29 cents higher. Light forward contract activity. Soybean meal demand good on limited trade activity. Soybean oil trade too limited to trend, but firm undertones noted.
Feed wheat activity too limited to trend, but steady to firm undertones noted. Due to feed corn prices firming, demand and trade activity is picking up on feed wheat and barley. Trade inactive on all other organic grains.
To see the full market report courtesy of the USDA, click here.
*All prices listed in US dollars