Merchandisers describe a slow period of organic corn trading activity. Growers remain bullish and continue to believe prices will rise. Feed mills and other end-users are bearish and believe prices will move lower.
There has yet to be a meeting of the minds. Prices continue to drift, edging lower. The slump in conventional corn has not helped the organic corn grower. Still, as conventional prices attempt to form a bottom, the grower will likely remain encouraged, keeping trading activity light.
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...