Non-GMO soybean prices have edged slightly higher hovering near $1.40 as a premium to the local cash prices. Merchandisers are telling The Jacobsen that activity in the space is beginning to pick up slightly. There appears to be a slight decline in the values that Merchandisers are seeing for non-GMO soybean meal which has slipped down to $110 over conventional, which is slightly squeezing the margins received by crushers. Non-GMO corn prices are stable and remain in the $0.10-$0.30 range over conventional prices.
Despite the continued uptick in supermarket sales across the US, there has been very little increase in prices. Supermarket sales during the past 6-months have seen a one month year over year sales increase of as much as 35% year over year to the low in August which was 9.5% year over…
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...