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 soybean meal prices are softening ahead of the harvest. Prices in Indian have traded as low as $600 per metric ton FOB India with offers near the $620 level. That puts prices in Baltimore near $650 per short ton before customs clearing and transloading. Prices delivered into Chicago are offered near $800 per metric ton before transloading. Imported Organic soybean prices are hovering near the $21.20 level in PA, region.
Organic Egg Sales Continue to Rise
Organic egg sales continue to remain buoyed in June according to The Jacobsen. Sales in the US rose 28% year over year for June compared to the same period in 2019. For the 4-months ending June 2020, organic egg sales are higher by 31% year over year, as the impact of COVID is helping to generate tailwinds for grocery store sales. The upward trajectory of the trend is likely to continue during the balance of the summer and could continue if the disease continues to make it difficult…