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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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...