Organic corn prices are steady with little activity to report. Prices delivered in the mid-west remain near $7.25, making it difficult for a farmer to receive $7 per bushel. Organic corn in the Pennsylvania region is steady at $9.50/$9.60 per bushel or $340/$350 per short-ton. Transportation costs throughout the United States have picked up. Gasoline and diesel prices have also increased, making it more challenging to achieve the desired price. Diesel prices have increased 18% on average since the beginning of December and nearly 11% since the beginning of January. The rally in the conventional grain space has also buoyed gasoline and diesel prices, as they are used as additives in the form of ethanol and biodiesel. Since most of the demand for organic corn is on the coast, either PA, NY, NC, or California, transportation is key to the price that a…
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...