04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
While organic corn prices are attempting to form a bottom, and are hovering near the $6.75 per bushel range, while conventional prices are on the move. Goldman Sachs was on the tape saying that they believe that the dynamic with the falling dollar will continue to perpetuate during 2021 driving commodity prices higher. The heavy surplus of organic corn that is available in the US will likely keep prices capped near the $7 range, despite rising conventional corn prices. Issues could potentially rise in the 2021/2022 season if farmers determine that it’s easier to lock in future conventional corn prices at elevated levels and transition back to conventional corn.
Organic Chicken Slaughter Continues to Trend Higher
The organic chicken slaughter by weight continues to hover near the upper end of the current range…