Wheat prices have gone ballistic. Finding organic wheat had already been an issue, and the surge in the conventional space with Russia and Ukraine at war will not make grain easier to find. In our weekend forecasting analysis, we will describe a dynamic in the organic corn market that is likely going unlooked.
The black sea is now an area that is likely off-limits. Sure, shipments will be made from the site, but getting cargo insurance will not be easy. If it is, then it will be expensive. It’s not like the supply chain disruption is easing. Shipping and trucking costs remain elevated, and now higher oil prices will spill over into trucking expenses.
Here is a view of the distillate market. Diesel fuel is a subcomponent of the distillate category. Weekly, the Energy Information Administration reports distillate…
05.09.2024
Michigan among growing list of US states incentivizing SAF
Following the passage of federal tax credits for production of sustainable aviation fuel (SAF), state governments across the US have been implementing tax credits of their own to secure...
05.09.2024
US fat exports hit multi-month high on shipments to Singapore
Four cars of packer bleachable fancy tallow (BFT) and four cars of choice white grease (CWG) traded higher on a Chicago basis on Thursday. Packer BFT was up to...
05.09.2024
Ruminant meat and bonemeal relative to CBOT soybean meal drops
US animal protein prices were steady on Thursday May 9 following multiple reports of limited trade.
Ruminant meat and bonemeal relative to soybean meal
Ruminant meat and bonemeal...