Organic corn prices are slightly lower as growers move closer to hitting bids. Imported organic corn volumes were light in December, with nearly all imports coming from Canada. There appears to be organic cracked corn on its way from Turkey to the United States.
Demand continues to weigh on prices as the lack of discretionary spending due to higher interest rates weighs on organic animal protein sales. Strong cracked corn imports in 2023 and rising whole corn imports during the calendar year will likely lead to a rising carry-out, pushing stocks to use higher numbers.
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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...