Organic corn prices are creeping up, and the upward momentum on the coast eventually will drag the Midwest prices higher. Organic corn prices in the Pennsylvania region are quoted near $10.75 per bushel. If that remains at that level, it will likely push organic corn prices in the mid-west up to the $8.50 level. Farmers have been waiting to receive $8 picked up, and this upward movement on the coast is what would need to occur for this to happen. On the east coast in Canada, organic corn has been trading near $410 per metric ton, which equates to approximately $7.5 per bushel.
India Soybean Oil Consolidates Gains
Indian refined soybean oil prices have been a catalyst behind the rapid rise in the soybean and byproducts complex. Prices have surged approximately 10% in 2021, helping to drive up the price of organic soybean oil and organic soybean meal. Refined Indian soybean oil has reached $1,804 per metric ton, helping to buoy European crude organic…
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...