Organic corn prices in Europe remain elevated. The surge in conventional corn prices in the Black Sea region continues to help buoy organic corn prices in the region. Merchandisers are quoting organic corn out of Romania at 265-Euros per metric ton or $315. Organic corn prices in the PA region are steady but have edged higher and are quoted near $8.75-$9 per bushel. Prices in Romania, which is a producing region are equal to prices in Pennsylvania, which is a consuming region. This reflects the strong draw of conventional corn in the black sea region.
The rise in organic turkey slaughter which is a reflection of robust demand continues to be very impressive. The most recent data from the Federal Inspections Agency shows that organic turkey slaughter dipped slightly week over week, but is up on average over the past 2-weeks with the first week of November hitting an all-time high. Organic turkey…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...