While organic feed commodities seek bottom, growers continue to scrutinize their spring planting choices for 2024. Range-bound organic soybeans may present more risk for growers than organic corn with its ongoing price softening. As noted in yesterday’s commentary, this is a phenomenon of yield potential, where organic corn has a marked advantage over fussy, lower yielding organic soybeans.
Considerable volumes of organic soybean meal were imported in January, confirmed by traders who told Fastmarkets that containers of organic soybean meal were arriving at an accelerated pace through February at East Coast ports.
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11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...