Organic corn prices remain heavy, and merchandisers are far from bullish. Prices continue to hover near $6 per bushel with plenty of corn still in bins ahead of what is expected to be a bumper crop. While the farmer is expected to store most of their corn that is currently not contracted for Q4 and Q1, there is the chance that prices could push below the $6 level. A push below this level might be the catalyst that eventually incents farmers to move away from organic corn and back to conventional corn. Organic corn prices have declined to the lowest ratio in the past 5-years relative to conventional corn. The ratio is now hovering near 1.6, below the lows seen in 2016 near 1.75. The breakdown in the ratio could generate interest to switch back to conventional corn.
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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...