New crop corn prices remain stable on the coasts, with Texas bid at $12 and similar figures in Pennsylvania and California. The Jacobsen does not see any imports of organic corn or organic cracked corn expected to make it to the East Coast during the next few weeks. Organic feed wheat prices continue to trade as a discount to organic corn prices. Recent surveys and discussions with merchandisers lead The Jacobsen to believe that this year’s organic corn crop will be similar in production to the 2020/2021 marketing year. The issue for corn will come down to the drought and whether it continues to spread to the southern mid-West in the next few weeks.
The weather situation in the U.S. continues to be mixed. The drought in the west has spread to the plains and the upper mid-West. Minnesota is experiencing extreme drought, and…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...