Non-GMO Corn Prices are Buoyed By Rising Non-GMO Protein Demand

Non-GMO Corn Prices are Buoyed By Rising Non-GMO Protein Demand

The non-GMO feed business should be experiencing higher levels of sales during the 2019/2020 season according to the Jacobsen insight. The Jacobsen non-GMO protein index will rise in September driven by an expected increase in sales values which should increase by 25% in September, with most of the change due to seasonal factors. The 3-month moving average is expected to rise 1% year over year for the month of September. This should continue to buoy non-GMO corn prices and non-GMO soybean prices.

The index is approximately 50% broiler and layer demand and 50% dairy demand. The dairy index is broken down into milk, cheese and butter. The non-GMO protein index is expected to climb 10% year over year for the 12-months ending September 2019. The driving force behind the rise in demand is within the dairy space as well as layers. Non-GMO butter sales are expected to increase 22% year over year according to the Jacobsen insight, while non-GMO egg sales are expected to climb 10% year over year for the 12-months ending in September.

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07.16.2021

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend    

Vegetable oil prices extended higher on Friday, with U.S. soybean oil futures up again on bean oil/meal spreading as well as...

06.23.2021

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Vegetable oil prices were higher on Wednesday, with overnight gains in palm oil futures driven by bargain buying supporting...

06.04.2021

What’s Ahead in the FOG Markets?

What’s Ahead in the FOG Markets?

Rising Tide – What’s Ahead in the FOG Markets Ryan Standard, Fastmarkets / The Jacobsen The following video is a capture from The Jacobsen Fuels & Feedstocks Virtual Conference...

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