Online grocery orders have surged higher helping to buoy organic and non-GMO products at the retail level. This comes as shoppers have reduced the number of visits to the grocery store in the wake of the spread of COVID-19. The trend in searches for online grocery pickup or delivery has surged to a 17-year high and is likely to remain that way for the foreseeable future. The combination of fear and new regulations as supermarkets are generating this demand.
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11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...