East Coast organic corn prices have strengthened in recent weeks as buyers look to cover their inventory needs amid growing volatility. Industry rumors point to a large load of organic corn under investigation by NOP, but we’re unable to confirm this.
However, the National Organic Program (NOP), a division of USDA, has recently taken prompt action – for the federal government – on West African organic soybeans and meal. They are positioning themselves for effective enforcement because of the stringent new requirements outlined in October 24’s commentary.
The agency’s demands aren’t technically new. The Strengthening Organic Enforcement (SOE) is built upon NOP import certificates (NOP-IC) and a governing principle of traceability.
Operators have been blurring the lines as far as NOP requirements go by bundling shipments under one IC. The inclination to bypass…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
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Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
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Bloodmeal largest price mover week on week; November cattle on feed higher
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