Non-GMO soybean prices have increased and are trading near $1.75 over the local cash price. Most non-GMO soybeans are sold through planting programs, and the non-GMO soybeans that are left are selling at a relatively elevated level. Non-GMO soybean meal is trading between $60 per short ton and $100 per short ton, depending on your destination.
The non-GMO soybean Feed and ingredient market is growing. Benson Hill released its financial results, and they showed revenues were $32.0 million, an increase of $3.8 million, or 13%. Revenues for the ingredients segment were $23.1 million, an increase of $5.9 million, or 34%. The performance in the quarter includes the introductory year of proprietary high protein soybeans, soybean oil, and soybean meal…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...