Organic corn prices are stable and activity is very light. There appears to be enough corn to keep prices hovering near the $7 per bushel picked up at the farm, into the new crop. Organic soybean prices are also stable but there remains of seeing imports of meal and beans arriving in mid-late June. European merchandisers continue to see elevated prices and await the return of Chinese sellers. There was word late in the week of potential offers coming in below 1000-Euro per metric ton.
The demand in the organic layer space should continue to rise over time, as the upward trend in flock size remains intact. The organic layer flock size is expected to rise nearly 2% year over year during the 2019/2020 season. This compares…
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...