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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03.01.2024

Cold, Winter Weather Impact January Soybean Crush

Cold, Winter Weather Impact January Soybean Crush

**Bob Lane was out of the office today and will return on Monday, March 4, 2024.**

U.S. soybean crushing volumes totaled 195 million bushels in January, the USDA reported on...

03.01.2024

Week Closes with Active Gulf Market

Week Closes with Active Gulf Market

Used cooking oil (UCO) traded as low as 39.5 cts/lb into the Gulf market with bids and offers heard in a wide range over the last 24 hours. Offers...

03.01.2024

Animal Proteins – Friday

Animal Proteins – Friday

The market was quiet today with no changes. 

Looking at the monthly averages in February, the markets were mixed in terms of price direction with intra-month volatility seen. 

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