Organic corn prices appear to be forming a bottom. While spot prices are still going for close to $6 per bushel in the mid-west, merchandisers are telling The Jacobsen that to get coverage further out, most farmers will not move unless the number is closer to $7. Merchandisers claim Q1 transactions have occurred at $6.50 per bushel in the mid-west. This puts corn closer to $8.75 per bushel in Pennsylvania or just above $310 per short-ton.
Prices on the west coast are also on the rise. Merchandisers are telling The Jacobsen that organic corn shipped from the mid-west is trading closer to $330-$340 per short ton. This is up approximately $20 per short ton over the past 2-3 weeks, which might mean that organic corn prices have found a bottom.
Organic turkey slaughter continues to…
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...
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2024/25 grain consuming animal unit headcounts increase by 0.39%
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