Organic corn prices remain subdued with some small divergences reported throughout the mid-west. Prices are generally hovering around $6 per bushel but there have been a few spot prices that have come in closer to $7. This has helped buoy the spirits of the organic corn farmer which has reduced the amount of activity. Consumers are still convinced that organic corn prices will trade closer to $6 per bushel for new-crop and the Q1 and Q2.
Low organic corn prices could in conjunction with rising conventional prices be a catalyst that helps buoy organic corn prices next year. Historically when the ratio of organic corn prices to conventional falls to 1.5, there is the potential for a shift from organic back to conventional. This is only likely to happen to farmers and land funds that are relatively new to the organic market. For farmers that are well established, they are unlikely to change as their cost…
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...