Organic corn and soybean crops are thriving in key production areas of the corn belt. Early season losses were significant for some growers in the Upper Midwest, but there is no indication currently that this will have a negative impact on overall supply.
Substantial or total crop loss was reported by some producers in Southern Minnesota, Wisconsin, Northern Iowa, and Eastern South Dakota.
Organic growers encountered some challenges accomplishing field work prior to the canopy closure. Weed pressure may be higher this year – common in wet years – but yields should at least be in line with average farm yields for most organic growers, and many will likely see above average yields.
On August 18, 67% of the US corn crop was rated good to excellent, while in Iowa, 77% of the 2024 crop was rated good to excellent. This exceeded 2023 ratings by 9%.
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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...