04.26.2024
P66 Rodeo to begin producing SAF in Q3
Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...
Organic grain prices have not kept up with conventional prices. The 55% run-up in conventional corn prices has continued to narrow the spread between organic corn prices and conventional corn prices. Organic corn prices are now trading near $9.75 in Pennsylvania, with consumers are covered until March. Organic corn prices in the mid-west are mixed. Large dairies in Wisconsin are paying as low as $6 per bushel for small lots.
To move any size, merchandisers pay between $6.7 and $7.10 in Illinois. Prices have moved up to $270 per Euro in Romania. The surge in conventional soybean prices has put a rocket ship under organic soybean prices. The Jacobsen has a difficult time finding offers for imported organic soybeans FOB India. Container rates are also on a tear. The Jacobsen has heard that container rates from India to Baltimore are high at $180 per metric ton. Organic soybean prices in the mid-west remain…