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…
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...