Non-GMO corn and Non-GMO soybean prices are rising, but premiums remain stable. The rally in conventional soybean and corn prices, which broke out again on Tuesday, fueled the flat price rally. Corn prices hit a fresh 7-year high, while soybeans have hit a 6-year high. With conventional corn prices pushing above $6 per bushel, non-GMO corn producers seem happy to sell their product directly into the traditional market and not work about attempting to get an additional 10-20 cents per bushel on their flat price. The rally in the U.S. board price is likely to generate additional tailwinds for Indian conventional soybean prices, which hit an all-time high of $1,080 per metric ton.
European organic soybean prices are elevated. The most recent quotes at $1,100 per metric ton seem inexpensive relative to conventional prices closing at $1,080 per metric ton FOB India. The upshot is that consumers in Europe are now balking at prices at these current levels. Consumers…
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.
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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...