Organic feed grain prices in Europe remain stable. You cannot find any organic soybean meal, and organic corn and organic wheat activity is light. Organic corn is trading near 270-275 euros per metric ton in Constanta. Ukrainian organic corn is difficult to find, and the price relative to conventional will make new crop organic corn scarce. Producers of conventional Black Sea corn can sell near the CME future rate which is 238 Euros per metric ton, making organic less attractive. The hassle a farmer faces to sell organic over conventional makes the spread between organic corn and conventional corn less appealing to produce organic corn.
Trade data for the United States was released on Tuesday. Imports surged, pushing the U.S. trade deficit to a fresh record high in March. Stimulus checks were the driving impetus as U.S. consumers flush with government cash. According to the Commerce Department, the trade deficit surged to…
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...