The organic soybean market has become very opaque. Prices appear to range from bids $35-$38 and few offers. Except for some farmers that held on to their old crop soybeans, there does not seem to be very many domestic organic soybeans around. There are some soybeans expected to come down from Canada during Q1. Recall, in November 2021, approximately 22K metric tons of organic soybeans were imported into the United States. 45% of this shipment came from Argentina; the balance came from Russia, Ukraine, Canada and India. Shipments in January could come from Russia as well. In January of 2021, about 7.5K metric tons of organic soybeans were imported into the United States from Russia.
Organic corn imports are expected to arrive in the United States in January. According to the Morehead city and Willmington sailing schedule, the bulk carrier Sara is en route to Ukraine and will port at Morehead City on January 25,…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...