Organic corn prices for new crop are beginning to bottom. Merchandisers are telling the Jacobsen that while prices are still soft, farmers are unwilling to sell below $7 per bushel mid-west picked up at the farm. But even getting organic corn at $7.25 is still a struggle. Merchandisers have told the Jacobsen that this year will be a bumper crop and organic corn will not be damaged and below #2 in many cases. This was not the case during the 2019/2020 season which produce organic corn that was damaged and below spec.
The Jacobsen now sees that stocks to use increased to 5% the highest the Jacobsen has calculated over the past 4-years. The Jacobsen now predicts that the carry over into the 2020/2021 season will increase to nearly 4-million bushels. This should be offset by a decline in organic corn imports which are expected to decline by approximately…
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...