While the news about Pipeline Foods Bankruptcy takes center stage, prices have yet to react to this situation. Organic soybean prices remain elevated in the mid-West, with old-crop trading as high recently at $36 per bushel. Prices have transacted as high as $42 per bushel, according to sources. New crop prices are bid a lot lower. There are not many new crop trades to report. Organic soybean prices traded at lower levels near $26 per bushel in Quebec in June for new crops. There remains a large inversion for organic soybeans. The term structure remains inverted. Conventional soybeans on the NCDEX have a $268 per metric ton inversion, equating to a $7.15 per bushel inversion.
I collected some information that might assist in planning if you are exposed to Pipeline or exposed to someone exposed to Pipeline foods risk. If one of your counterparts bought from Pipeline Foods at a lower level and…
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...