Organic wheat prices remain depressed in the mid-west generating divergence in prices between what is available in the mid-west and what is available in the east. Bids in the mid-west are seen between $6 and $6.25. Prices of organic feed wheat in the east are bid near $8.50 per bushel but offered closer to $9.50. Historically organic wheat prices have been below organic corn prices, but with the abundance of organic corn available and the impending bumble crop harvest, organic corn prices have slipped below organic wheat prices.
There appears to be very little organic feed grade wheat that is imported into the US. Most of the organic wheat that is imported is Durham wheat used for pasta. Part of the reason there could be a bid in organic wheat especially for soft kinds of wheat (which are low in protein and used in feed), has been the strong demand for organic flour used in cakes.
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...