There seems to be a stalemate in the organic corn market, and farmers are frustrated that organic prices have dipped. There appears to be enough corn around to keep a lid on prices. Imports eased in July according to The Jacobsen. Organic cracked corn imports did not make their way to US shores in July, which was somewhat of a surprise. This compares to more than 30K tons of organic cracked corn that was brought into the US in July of 2019.
Organic cracked corn imports for the 12-months ending July 2020 are down nearly 30% year over year compared to the same period in 2019. Organic corn imports are nearly unchanged year over year for the same period according to The Jacobsen. This in theory should be positive for prices, but with approximately 15-million bushels imported into the US (organic whole corn and organic…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...