Organic corn prices continue to feel the weight of a robust upcoming harvest and with prices on the coast easing, it’s hard to point to an impetus that will buoy prices. Bids in Pennsylvania are close to $300 per short ton (some even below at $295). The Jacobsen has been told by merchandisers that organic corn on the west coast has traded at $310 up to $320 per short ton. Much more organic corn moves west to east than east to west from the middle of the US due ot the issues relative to expense with rail. Organic corn trading activity is light in the mid-west. Prices are hovering near $6 per bushel.
Organic corn imports surged higher in August, rising to 33.2K metric tons. Nearly all the organic whole corn that was imported into the US in August came from Argentina, according to the US Customs Department. During the 2019/2020 marketing year, organic corn imports into the United…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...