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.
…
02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...