According to the most recent data from the US Customs Department, organic corn imports increased by more than expected in December. Organic corn imports that arrived on US shores in December rose to 21,986 metric tons. Nearly all of the organic corn that was imported in December came from Argentina. More than 20K tons came from this destination compared to less than 2K tons imported from Canada.
The total volume of organic corn imports from Argentina during the 2020/2021 season is up to 44K metric tons. This volume compares to more than 66K metric tons that arrived in the US during the Q4 of 2019. The Jacobsen does not believe there were any shipments for import of organic corn from Argentina delivered in January, which would be in line with what occurred in 2020.
What will be interesting for the organic corn market is determining what will happen during the balance of the Q1. In 2020, more than 58k metric tons of organic corn were…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...