Organic soybean prices have largely moved sideways through 2024, holding their value around the $20/bushel mark, according to Fastmarkets’ published pricing for “Soybeans -Organic, Feed Midwest”.
There is some question about the size of the organic soybean crop this year, with organic corn often being a safer bet for growers. The University of Minnesota Cooperative Extension found the average net return for organic corn to be about twice that for organic soybeans in 2020. The average organic corn acre returned nearly $500/acre, while soybeans just over $250/acre.
Although organic soybean imports have continued to flow in 2023, there has been some decline year to date compared with the same period in 2023. There were 88,930 tonnes of organic…
11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...