Organic soybeans continue to hold their value, but at the expense of liquidity. We hear merchandisers reporting bids $1.50 over The Jacobsen – Fastmarkets Midwest Organic Soybeans pricing, for organic soybeans delivered in Pennsylvania.
End user buying trends create an opportunity to sell the carry for some operators if they have the storage. These end users are trying to keep feed supplies stocked while minimizing inventory and this will inevitably result in last minute delivery requests, thus requiring adequate logistics to service these clients.
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11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...