05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Non-GMO soybean prices have increased and are trading near $1.75 over the local cash price. Most non-GMO soybeans are sold through planting programs, and the non-GMO soybeans that are left are selling at a relatively elevated level. Non-GMO soybean meal is trading between $60 per short ton and $100 per short ton, depending on your destination.
The non-GMO soybean Feed and ingredient market is growing. Benson Hill released its financial results, and they showed revenues were $32.0 million, an increase of $3.8 million, or 13%. Revenues for the ingredients segment were $23.1 million, an increase of $5.9 million, or 34%. The performance in the quarter includes the introductory year of proprietary high protein soybeans, soybean oil, and soybean meal…