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.
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...