Organic corn prices remain stable, but bids in some parts of the Midwest have eased back to accommodate the unknown of new-crop pricing. We have heard bids as low as $9 per bushel for new crop and old crop, but most of the bids and offers are closer to $10 per bushel. The risk in this situation could be to the upside, as organic cracked corn imports could drop off.
The unknown is how grain and organic grain are going to make their way through the Black Sea region now that Russia has pulled out. Following the announcement that it would no longer take part in a grain deal; Russia attacked the Ukrainian Port of Odessa. Not only did the grain deal cap price volatility, but it also supplied important grains to many countries.
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12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...