Corn basis: Basis bids around Decatur, IL were considerably higher during the April reconciliation period, compared to March 2023 and April 2022. Corn gluten meal and feed: Corn gluten meal and feed prices continue to decline, both seasonally and year over year. April CG [...]
At June’s end, the U.S. Strategic Petroleum Reserve (SPR) dropped to its lowest level since the mid-1980s, a 35-year low. The Biden administration is continuing to use SPR withdrawals to bolster supply and try to bring reduce fuel prices and the oft-mentioned pain at [...]
Interest rates were increased by 50 basis points in an early-May Fed meeting, and there was strong insinuation the move would be followed by another hike of 50 points at the June meeting and perhaps several more later this year. Higher yield is attracting [...]
A series of winter storms across the country brought a record-shattering blizzard for New England states and travel headaches across the Midwest with thousands of cancelled flights. As areas of low pressure collided with a cold arctic mass across the U.S. in January, much [...]
October’s early start to winter saw subfreezing temperatures and snow across the upper Midwest. Prices for natural gas have been trading sideways in the $3.00 to $3.30 range despite all lingering uncertainty due to COVID-19 recovery. EIA’s natural gas stocks report saw its first [...]
The last week of August saw a pair of tropical storms hit the Gulf Coast states in what has already been an extremely active North Atlantic hurricane season. Tropical Storm Marco arrived first in eastern Louisiana near New Orleans, prompting evacuations and a closure [...]
As states slowly begin the process of reopening, fears of a secondary outbreak of COVID-19 coupled with rising domestic crude oil inventories halted an energy price advance and sent prices lower. Brent crude prices fell this week by 5 percent, and WTI (West Texas [...]
Soybean values dropped additionally last week but nothing to match the price depreciation seen in soybean oil futures. The precipitous fall of nearby crude oil futures spilled into the rest of the edible oils complex, pushing soybean oil prices closer to $0.25 per pound. [...]
