Non-GMO corn prices remain steady, with premiums widening slightly due to the rising price of conventional corn. Non-GMO soybean prices are also steady, and despite robust demand for both non-GMO meal and conventional meal the premium for both non-GMO soybeans and non-GMO soybean meal remain stable. Non-GMO soybean premiums to the local cash price have remained steady hovering near the 1.40 level according to Merchandiers. Non-GMO soybean meal is trading near 120 per short ton over conventional.
There also seems to be a divergence in non-GMO soybean and soybean meal prices on the east coast (East of the Mississippi) and the West coast. Prices for non-GMO soybean meal are averaging approximately $20 per short ton below east coast prices while the beans are averaging nearly $0.60 per bushel lower than than the local cash price relative to the east coast price for…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...