Organic corn activity is beginning to pick up slightly in the Midwest. There are a range of prices we are seeing. Merchandisers tell Fastmarkets it is difficult to purchase organic corn below the $10 handle in the mid-West. Depending on the location, it’s even a challenge to acquire below $10.25. Growers continue to hold on to old crop organic corn in bins. There are few new crop bids following a flurry of activity about two months ago.
We are also told that there is no desperation to sell organic corn for cash ahead during the planting season. According to one grower, the goal is to achieve a fair price in the long run. Prices on the East Coast are offered near the $450 handle, which means that merchandisers need to be able to move corn from the Midwest to the East Coast to be able to…
07.26.2024
US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand
On Friday July 26, the US Court of Appeals vacated at least some of the blanket small refinery exemption (SRE) denials made by the Environmental Protection Agency (EPA) in...
07.26.2024
Animal fats and oils trade freezes following soybean oil market drop on SRE report
Trading in the animal fats and oils market was quiet on Friday July 26; the California yellow grease market the only one to rise, with prices up to 31-32...
07.26.2024
Porcine bloodmeal, Missouri River, moves higher week on week; June commercial cattle, hog slaughter
US animal protein prices were highly mixed in the week to Friday July 26, with limited trade on both Thursday July 25 and on Friday. Porcine bloodmeal was the...