04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Organic corn prices are facing downward pressure in the North East of the US. Prices in the Pennsylvania area are coming under a new round of pressure. Merchandisers are quoting Q4 corn near $340 per short ton down from $360 per short ton 8-weeks ago. This puts Q4 organic corn in the mid-west between $7 and $7.25 depending on freight.
If prices continue to move lower, they should begin to alter the transition from conventional to organic. The spread between the price of organic corn mid-west and conventional corn (board) has slipped to the lowest levels seen in the past 3-years. The driver has been the decline in organic corn prices. Despite organic corn prices moving lower declining approximately 13% year to date is 2020, the number of organic farmers who might consider planting organic corn has increased.
This is likely because of the huge decline in conventional corn…