As market participants begin to look at Q1 and Q2 values, organic corn prices relative to conventional prices, remain near their historical averages. The five-year spread average (OYC-CME) is $4.35, slightly above the current $4.10 spread level. Little activity in the organic corn arena has allowed the spread to edge lower as conventional corn prices have bounced around, setting the stage for a potential rally in the conventional corn space due to the high short positions reported on Friday by the CFTC.
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12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...