Higher Rail Rates Will Generate a Further Divergence in Organic Corn Location Basis

Higher Rail Rates Will Generate a Further Divergence in Organic Corn Location Basis

Organic corn prices have ticked higher, with bids across the country at or above $10 per bushel. The least expensive area of the United States was the Wisconsin region, but now even their prices are bid at $10. We have slightly altered our organic corn forecast due to several factors impacting organic cracked corn future deliveries. You can read about this in our

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A Further Divergence in Prices is Coming

The divergence in prices between the coast and the mid-West remains wide, and it will likely become even more expansive. Organic corn on the East Coast is trading near the $450-$460 per short-ton level, about $2.60-$2.70 per bushel higher than in the mid-West. Organic corn prices on the West Coast are even higher, trading near $480 per short ton. The difference in prices reflects transportation costs which are likely to climb even higher come new crop. One of the…

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07.25.2024

DGD financial outlook improves despite lower Q2 margins

DGD financial outlook improves despite lower Q2 margins

US renewable diesel major Diamond Green Diesel (DGD), a 50:50 joint venture between Valero Energy and Darling Ingredients, reported on Thursday July 25 a continued weakening in operating income...

07.25.2024

US Gulf tallow prices boosted by limited spot supply, strong Chicago market

US Gulf tallow prices boosted by limited spot supply, strong Chicago market

Tallow with max 20% free fatty acids (FFA) traded at 51 cents per lb delivered US Gulf on Thursday July 25, following trades earlier this week at that price.

07.25.2024

Animal protein values flat; June poultry slaughter below traditional trends

Animal protein values flat; June poultry slaughter below traditional trends

US animal proteins values were indicated as rangebound on Thursday July 25, with light trade volume reported from multiple market sources.

US broiler slaughter
Fastmarkets' research team...

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