Following up on yesterday’s commentary, there has been only loose historical correlation between organic feed commodity prices and conventional. That history though is relatively short, and the novel influences of COVID, spiking inflation, and geopolitics have an unknown impact on both conventional and organic crops and their prices relative to one another.
Conventional soybean oil prices have declined, and organic soybean oil prices followed suit in Q4 2023 following a short-term rally. Further losses in organic soybean oil have tracked conventional this month as well. Generally speaking, organic soybean oil tracked conventional prices in 2023, with conventional prices briefly topping organic.
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11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...