Organic corn prices remain stable in the mid-west hovering just above the $7 level. Prices in Illinois are priced as high at $7.35 and closer to the $7.1 level in the Western Iowa region. Organic corn prices in the Pennsylvania region are trading near the $9.50 level, bid near $9.25, and offered at $9.75. With rail costs from the mid-west to the east coast near $2.25 per bushel, this level appears to be in line with value.
According to official customs data, organic corn imports eased in November, declining 41% year over year compared to the same period in 2019. The rise in organic corn imports was in line with The Jacobsen’s expectations. For the 12-months ending November of 2020, organic corn imports rose 8% year over year, hitting 206K metric tons of…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...