Organic grain prices have not kept up with conventional prices. The 55% run-up in conventional corn prices has continued to narrow the spread between organic corn prices and conventional corn prices. Organic corn prices are now trading near $9.75 in Pennsylvania, with consumers are covered until March. Organic corn prices in the mid-west are mixed. Large dairies in Wisconsin are paying as low as $6 per bushel for small lots.
To move any size, merchandisers pay between $6.7 and $7.10 in Illinois. Prices have moved up to $270 per Euro in Romania. The surge in conventional soybean prices has put a rocket ship under organic soybean prices. The Jacobsen has a difficult time finding offers for imported organic soybeans FOB India. Container rates are also on a tear. The Jacobsen has heard that container rates from India to Baltimore are high at $180 per metric ton. Organic soybean prices in the mid-west remain…
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...