New crop corn prices remain stable on the coasts, with Texas bid at $12 and similar figures in Pennsylvania and California. The Jacobsen does not see any imports of organic corn or organic cracked corn expected to make it to the East Coast during the next few weeks. Organic feed wheat prices continue to trade as a discount to organic corn prices. Recent surveys and discussions with merchandisers lead The Jacobsen to believe that this year’s organic corn crop will be similar in production to the 2020/2021 marketing year. The issue for corn will come down to the drought and whether it continues to spread to the southern mid-West in the next few weeks.
The weather situation in the U.S. continues to be mixed. The drought in the west has spread to the plains and the upper mid-West. Minnesota is experiencing extreme drought, and…
05.01.2024
Renewable diesel tops petroleum diesel as CA’s most blended diesel fuel in 2023
The consumption of renewable diesel (RD) in California reached a new milestone in 2023, with RD blending surpassing that of petroleum diesel for the first time. Data released on...
05.01.2024
Distillers’ corn oil production moves higher
Four cars of technical tallow traded lower on Wednesday May 1, down to 47 cents per lb Chicago basis.
Used cooking oil (UCO) and yellow grease traded...
05.01.2024
Animal protein prices steady amid avian flu outbreak
US animal protein prices were steady or up on Wednesday May 1 amid limited reported trade, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, this...