The elevated level of organic corn prices show that demand is keeping up with supply. According to the most recent data from the U.S. Customs Department, Organic corn imports rose in December in line with expectations.
Fastmarkets/The Jacobsen reported in December that it expected a vessel to deliver organic corn from Argentina to Baltimore, which appears to have occurred. Recall, “The Viyada Naree, a bulk carrier, is going initially to Morehead City, North Carolina, and is expected to arrive on December 8, 2021. The ship left San Pedro, Argentina, on November 19, 2021,” and will then continue to Baltimore.
According to the U.S. Customs Department, 20.4K metric tons of organic corn arrived on U.S. shores in December. Fastmarkets/The Jacobsen does not expect to see any substantial imports from Argentina until March or July. As a frame of reference, in 2021, approximately 25.3K metric tons of organic corn was imported from Argentina in March, and 18K…
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...