Organic corn prices have stabilized, and merchandisers report little activity. We continue to see a situation where end-users purchase organic grains using an inventory-as-you-go method, leading to unwanted volatility. Our view of the harvest is mixed for organic corn, as adverse weather affected crops inconsistently, and some organic producers realized better yields than anticipated.
Organic whole corn imports will likely be lower in the current marketing year. Argentina is expected to bring 60 percent of the 63K imported into the United States in the prior marketing year. Canadian organic corn imports have slowed from more than 5.1K per month to 3.8K per month over the last 12 months.
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05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...