Non-GMO corn price premiums to conventional remain steady, with corn hovering near $0.25 above conventional and soybeans near $1.50 over conventional. While the export market for non-GMO soybeans remains steady, there could be a pickup in demand for non-GMO feed.
The non-GMO planting season is underway along with conventional. Non-GMO soybeans are usually planted at the same time as conventional, compared to organic which is generally delayed. Organic to the USDA Iowa, Illinois, and Indiana soybean planting reached 30%, 33%, and 17% respectively. Iowa and Illinois are ahead of the averages, while Indiana trailed.
The jump in grocery store retail sales for non-GMO animal proteins has surged and non-GMO beef sales have helped lead the charge. Non-GMO retail beef sales rose 55% year over year for the…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...