There are really no adjectives to completely describe the organic corn market. Activity is slow. It’s slow, not because there are no buyers who need to purchase in the future or sellers who want to unload their bins.
The activity is slow as the battle of greed and fear unfolds during the balance of the marketing year. Unfortunately, this game of chicken is likely to bring additional volatility to the organic corn market as the price resolves itself.
It’s hard to buy any real size of organic corn in the Midwest for less than $10 per bushel, but with rail and trucking rates remaining elevated, logistic arbitrage traders need to purchase organic corn closer to $9 per bushel to make the prices on the East and West…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.