Organic cracked corn imports rose more than expected according to The Jacobsen. The steady stream is helping to keep organic whole corn prices subdued. While there appears to have been no issue with cracked corn imports that arrived in April, the shipments likely left in February before the widespread of COVID-19 through western Europe and the United States.
The Jacobsen reports that organic cracked corn imports rose by 22K metric tons in April. The shipments of organic cracked corn came from Turkey and were unloaded in Stockton California. Despite the robust level of organic cracked corn that arrived in April, imports to the US in the first 4-months of 2020 are down 12% year over year.
Going forward, the question for traders is whether imports of organic cracked corn will be able to keep pace with 2018/2019. In the 2018/2019 season, approximately 23.5K metric tons imports arrived in May, 23K arrived…
05.13.2024
US glycerin prices mostly steady amid increasing biodiesel production
Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of...
05.13.2024
Weekly cattle slaughter forecast to remain below 2023 levels into June
US cattle slaughter
Fastmarkets research team forecast cattle slaughter at 630,000 head in the week to Saturday May 18, down by 1.61% compared with the same period in 2023.
05.13.2024
Six-week hog slaughter forecast to be flat or up from 2023
US hog slaughter
Fastmarkets research team forecast hog slaughter at 2.425 million head in the week to Saturday May 18, up by 0.75% from the same period in 2023.