The harvest of new-crop soybeans in the Quebec region is underway. Prices for immediate delivery trade near $31 per bushel. This price is in line with the new-crop levels in the Mid-West and, not surprisingly, is approximately the same distance to south-central PA as the central mid-West. There is some concern about local Quebec organic soybean prices as imports of organic soybeans into Montreal ports have been delayed. Shipping lineups into the United States do not show any bulk carriers (at the moment) coming into the United States with organic soybeans.
The conventional soybean harvest is looking good, which bodes well for the organic crop. States that have seen a drought and might have been a concern as their production pertains to yield have outperformed. The USDA reports that the US traditional soybean harvest climbed 10 points to 16% complete. This result as of late September is three points over the…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.