The Jacobsen intelligence continues to hear that “there is a lot of organic corn out there”. At the same time, few believe that Q3 prices will dip below $9. So, the question is whether we have reached equilibrium? While there are reports that more organic crack corn has come in during February, the volume is down relative to 2018.
Demand remains robust. The Jacobsen estimates that year over year broiler demand will increase…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...