Organic corn prices in the mid-west remain steady, hovering near the $8.50 range with bids for new crop organic corn near $8.25 and offers near $8.75. Organic corn prices in Europe also remain steady, quoted near 270-euros in Romania and closer to 330-euros per metric ton in Denmark. The rally in conventional corn has kept many organic farmers on the sidelines, as they now appear to be waiting to get $8.50-$8.75 picked up, which would be closer to $9 delivered. Organic corn prices on the east coast are trading near $10.50 and are about the same price in Texas. Organic corn is now trading near $11.20 per bushel in California.
It is the Economy that Will Keep Demand Steady and Absorb Potential Demand Destruction
The Federal Reserve met on Tuesday and kept interest rates unchanged as widely expected. The tone of the Fed Chair Jerome Powell was dovish, as he said once again that the committee would keep interest rates intact for the foreseeable future. Despite rising food…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...