The United States Department of Agriculture released its National Weekly Ag Energy Round-Up on April 24, summarizing prices and trends in ethanol, biodiesel, crude oils, and related commodities for the week ending April 24.
The report provides a snapshot of agricultural energy markets that are important to farmers, producers, and companies operating in the grain and agriculture sector. Accurate market information helps these stakeholders make informed decisions about production and sales.
Ethanol prices in Iowa ranged from $1.77 to $2.00 per gallon during the reported week, remaining steady compared to last week but higher than prices seen a year ago. The Eastern Cornbelt saw ethanol priced between $1.88 and $1.93 per gallon. Crude soybean oil prices in Illinois reached as high as 71.91 cents per pound, with similar price ranges reported across Indiana/Ohio, Iowa, and Minnesota.
Biodiesel B100 (SME) pricing was listed at $1.60 per gallon for Iowa/Minnesota; however, some regions did not have quoted values this week or last week. Other commodities such as tallow and grease also showed variable pricing across Chicago, Minneapolis, San Joaquin Valley, San Francisco, and Los Angeles.
Waitt Grain Company operates within the grain and agriculture sector according to the official website. The company concentrates on providing market information services specific to this industry according to its official website. It shares resources with Waitt Trucking according to its official website.
Waitt Grain Company primarily serves the Sheridan area in Indiana according to its official website, where it maintains headquarters at 22755 Six Points Road according to its official website. The company offers market quotes for corn, soybeans and wheat along with weather updates and mobile alerts according to its official website.
Market participants will continue monitoring these commodity trends as they plan operations through planting season.
