Organic corn prices have stabilized, and merchandisers report little activity. We continue to see a situation where end-users purchase organic grains using an inventory-as-you-go method, leading to unwanted volatility. Our view of the harvest is mixed for organic corn, as adverse weather affected crops inconsistently, and some organic producers realized better yields than anticipated.
Organic whole corn imports will likely be lower in the current marketing year. Argentina is expected to bring 60 percent of the 63K imported into the United States in the prior marketing year. Canadian organic corn imports have slowed from more than 5.1K per month to 3.8K per month over the last 12 months.
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12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...