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…
11.22.2024
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...