Organic feed grain prices in Europe remain stable. You cannot find any organic soybean meal, and organic corn and organic wheat activity is light. Organic corn is trading near 270-275 euros per metric ton in Constanta. Ukrainian organic corn is difficult to find, and the price relative to conventional will make new crop organic corn scarce. Producers of conventional Black Sea corn can sell near the CME future rate which is 238 Euros per metric ton, making organic less attractive. The hassle a farmer faces to sell organic over conventional makes the spread between organic corn and conventional corn less appealing to produce organic corn.
Trade data for the United States was released on Tuesday. Imports surged, pushing the U.S. trade deficit to a fresh record high in March. Stimulus checks were the driving impetus as U.S. consumers flush with government cash. According to the Commerce Department, the trade deficit surged to…
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...