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…
04.15.2024
Soybean oil stocks climb as soybean crush reaches record high
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...
04.15.2024
Soybean oil market adds negative pressure to DCO market
Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day.
The lower...
04.15.2024
Hog slaughter forecast lower into May
Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.
For the week ending April 20, 2024, hog...