We feel that a drop in conventional corn prices will likely accompany another leg down in organic corn prices. The differential between organic corn prices (Jacobsen – Midwest) and CME corn has been as wide as $6 per bushel and as narrow as $2/bu. on a monthly basis. The current level of 3.7 is slightly below the average spread. You can see from the chart that the difference narrowed to its historical low during early 2021, driven by the lack of demand during the pandemic. While conventional corn dropped, the decline in organic corn was the catalyst for the contraction in the difference. Additionally, it does not appear that organic corn prices fell while conventional corn rose for an extended period.
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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...