Organic corn prices continue to seek a bottom, as an anticipated abundant harvest approaches. The Midwest organic corn price reflects a $7.35 per bushel midpoint, but some forward contracting is creeping below the $6 per bushel mark, pressuring spot prices as bin cleanouts continue.
Larger lots remain a challenge for major operators, but new crop will replenish inventories and will attract bargain hunters with storage.
Merchandisers tell Fastmarkets that on-time rail service has declined in recent weeks, after earlier reporting that indicated rail service had been reliable with plenty of cars available.
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...