Organic corn prices are creeping up, and the upward momentum on the coast eventually will drag the Midwest prices higher. Organic corn prices in the Pennsylvania region are quoted near $10.75 per bushel. If that remains at that level, it will likely push organic corn prices in the mid-west up to the $8.50 level. Farmers have been waiting to receive $8 picked up, and this upward movement on the coast is what would need to occur for this to happen. On the east coast in Canada, organic corn has been trading near $410 per metric ton, which equates to approximately $7.5 per bushel.
India Soybean Oil Consolidates Gains
Indian refined soybean oil prices have been a catalyst behind the rapid rise in the soybean and byproducts complex. Prices have surged approximately 10% in 2021, helping to drive up the price of organic soybean oil and organic soybean meal. Refined Indian soybean oil has reached $1,804 per metric ton, helping to buoy European crude organic…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...