Organic corn prices ahead of the new crop continue to ease. It does not appear that organic corn is in high demand and most consumers are covered. Bids are coming in near $6/6.25 per bushel mid-west picked up at the farm. Merchandisers are saying that $6.50 could get some small trades done for the farmer that is looking to relieve some storage space. With a bumper crop expected, organic corn prices could continue to remain under pressure, even into the new crop season. Prices have a carry, and few farmers are willing to trade below $7 per bushel mid-west picked up at the farm.
Despite the decline in organic corn prices that are feed grade, there appears to be solid demand in the food-grade space. Organic corn chip sales continued to rise in July according to The Jacobsen. The trend in this space has been buoyed by strong grocery store sales in the wake of the spread of COVID-19. Organic corn chip sales…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...