05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Organic corn prices in the eastern US has increased slightly. Organic corn is hovering near $9 per bushel in the Pennsylvania region. Quebec prices are also on the rise. Merchandisers tell The Jacobsen that $306 per short ton FOB the farm has traded in Quebec, likely putting delivered prices slightly higher. Organic Feed wheat prices are also making a move higher. Merchandisers tell The Jacobsen that organic feed wheat is trading at $9.50 per bushel above corn on the east coast. In Quebec, organic feed wheat sold FOB the farm at $9.75 per bushel.
Organic Chicken Slaughter Rebounds
Organic chicken slaughter by weight rebounded sharply in the first week of December, according to The Jacobsen. The volume of chicken slaughter increased by more than 250K as the post-Thanksgiving purchases started to rebound. This scenario is a…