Organic wheat prices remain subdued, and prices are hovering near organic corn prices. In some areas where there are cash basis discounts, organic wheat prices are below organic corn prices. This comes despite soft red winter wheat prices above $6 per bushel on the CME. Hi-protein organic wheat prices in Europe from the Black sea region are trading near 270-280 euros per metric ton. Lo protein wheat FOB the Baltics are trading near 245-euros per metric ton. Organic corn prices in Europe remain steady with organic corn from the black sea region (mainly Ukrain) trading near 230-240 per metric ton.
Mobility trends are slowing, as the weather gets colder and COVID-19 begins to spread again. According to Google Mobility, the trend toward recreation and retail are down 18% over the past month. People appear to be spending more time in parks which is up 1% and at home which is up 4%. Transit is…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...