Organic corn prices are edging higher. Despite thoughts that there was a plethora of organic corn in bins, it appears that the absence of imports, and farmers holding out, has led to higher prices. Merchandisers tell The Jacobsen that now that organic corn prices are bid at $8 on the farm, farmers now want $8.25. Imports came into the U.S. mid-month into North Carolina in the form of organic cracked corn. Additionally, The Jacobsen believes that approximately 25K organic corn arrived in Baltimore at the end of March. Organic whole corn imports in March of 2020 were 33.5K tons, and in April of 2020, organic corn imports were 39.9K tons. It’s unlikely that imports will reach these levels, putting further upward pressure on organic corn…
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...