While bids for spot organic corn mid-west picked up at the farm remain depressed, there could be a location divergence occurring. While there is little spot trade activity, new crop prices in the northeast and mid-Atlantic near south-central PA are approximately 360 a short ton, or 10.08 per bushel. The Jacobsen believes transportation to the mid-west, puts Q4 prices of organic corn in a range between $7.15 and $7.35. This is approximately $0.25 higher than current levels.
The Jacobsen organic planting survey revealed an increase in organic corn and organic soybean planting intentions. The increase was widespread and it was generally from organic farmers increasing the acres they intend on planting, rather than new farmers first entering the…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...