Organic producers are once again confronting extreme weather this growing season. Dry weather in parts of the corn belt gave way to heavy rains last week. Thunderstorms deluged parts of the Upper Midwest, flooding fields and creating local wind and hail damage.
77% of Iowa’s corn crop was rated good to excellent as of June 23. Nationally, 69% of the corn crop is rated good to excellent, a 3% decline week over week, but a full 19% higher than last year.
Many are speculating about the timing of a shift from El Nino to La Nina, which has persisted longer than some models projected. More active weather with increased precipitation in the corn belt is characteristic of El Nino, which developed in early 2023. The drier conditions of La Nina could cause problems for crops at key developmental stages.
Harvest of Soft…
10.18.2024
RIN prices fall week on week despite lower reported US biodiesel output
Prices for renewable identification numbers (RINs) fell week on week on Friday October 18 despite lower production reported for September, and US biofuels markets remain in limbo over awaited...
10.18.2024
US DCO prices decrease amid quiet trade week
US animal fats and oils markets ended the week stable to slightly lower on Friday October 18, following a quiet week of trading as many participants attended the American...
10.18.2024
Lackluster trade volume keeps weekly US animal proteins prices mostly steady
US animal proteins prices were steady to slightly lower for the week to Friday October 18 on limited trade volume.
Several market participants told Fastmarkets it was a...