Organic prices and grain activity in Europe is subdued. Organic corn prices are hovering near the 260 euro per metric ton level but bids are lower. Organic corn from outside the EU, in Ukrain is trading lower according to merchandisers closer to 230-euros per metric ton. Organic wheat in Western Europe is trading near 200-euros per metric ton. Concerns over whether Chinese crushers will be offering organic soybean meal in western Europe is on merchandisers minds. Many Chinese sellers did not fulfill their 2019/2020 contracts according to The Jacobsen insight, and demand in Western Europe remains robust. The Jacobsen has heard Chinese sellers of organic soybean meal making offers to merchandisers in the US. Prices are elevated, above $800 per short-ton CNF Baltimore (pre-customs cleared).
…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...