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 elevated on the West Coast. Prices for organic corn range from $475 per short ton to $485. Organic corn prices in some mid-West areas are slightly softer due to the difficulty of finding cargo to move organic corn to the West Coast. Prices range between $9.50-$9.70 in the Western Mid-West. Organic corn prices on the East Coast remain bid near $425 with offers closer to $435-$440 per short ton.
The lack of transportation capacity makes storage more expensive, and prices for deferred organic corn are rising. Merchandisers tell Fastmarkets/The Jacobsen that rail rates on Union Pacific in the secondary market have increased about $2,000 per car. Not only is it costly to get secondary rail, but reserving this rail is also a challenge. According to statistics from the BLS (, Burea of Labor Statistics), rail rates are rising in the U.S. at an 8% clip year over year in November and likely continue to increase in December based on conversations Fastmarkets/The…