While bids for spot organic corn mid-west picked up at the farm remain depressed, there could be a location divergence occurring. While there is little spot trade activity, new crop prices in the northeast and mid-Atlantic near south-central PA are approximately 360 a short ton, or 10.08 per bushel. The Jacobsen believes transportation to the mid-west, puts Q4 prices of organic corn in a range between $7.15 and $7.35. This is approximately $0.25 higher than current levels.
The Jacobsen organic planting survey revealed an increase in organic corn and organic soybean planting intentions. The increase was widespread and it was generally from organic farmers increasing the acres they intend on planting, rather than new farmers first entering the…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...