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…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...