While organic feed wheat prices have slumped in tandem with organic corn, demand for retail consumption of wheat products is on the rise. Bread sales across the United States have picked up initially as consumers hoarded bread, and recently as a dearth in supply hit the retail sector. While the foodservice and restaurant space have well too much food, the supply chain to retail remains difficult. Organic wheat bread sales are up by 10% in March and are higher by 10% year over year for the 12-months ending March 2020 according to the Jacobsen insight. This compares to a 17% increase year over year for non-GMO wheat bread and zero-change year over year for conventional bread sales. This comes despite a nearly 10% rise in conventional wheat…
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...