As harvest progresses in the U.S., merchandisers tell Fastmarkets that bids are strengthening in East Coast markets like Pennsylvania. Reports of $330 per short ton – $9.25 per bushel – on old crop corn is enough to make regional operators wonder what is going on with organic imports.
Market participants have speculated that striking dockworkers may have contributed to disrupting trade flows, but Fastmarkets cannot confirm this. Another theory is that the USDA’s Strengthening Organic Enforcement (SOE) is beginning to gain traction.
Rumours of a large load of organic corn at a major East Coast port is under investigation have been communicated, but Fastmarkets cannot…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...