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 corn prices are edging higher. Prices in May traded near $8.90 picked up at the farm in the Quebec region. Organic corn prices are offered near $9.20 per bushel picked up for new-crop corn in the Quebec region. Organic corn traded as high as $9.60 per bushel in the Quebec area during May. Prices are at similar levels in the mid-west.
Trucking rates are hovering near $3.25 per mile, helping to drive up the cost of organic corn to the coasts. In Pennsylvania, prices are near the $12 level, and prices are hovering near the same level in California.
There is organic corn and organic cracked corn still on their way to the U.S. While The Jacobsen does not expect any substantial volumes of organic corn to be delivered to the U.S. in June, there should be organic cracked corn that hits U.S. shores. According to…