09.20.2024
BOHO spread reaches two-month high
The BOHO spread rose sharply on Friday September 20 to its highest since late July, as October soybean oil futures on the Chicago Mercantile Exchange traded higher and ultra-low-sulfur...
Organic markets are set to undergo a significant transition as new enforcement procedures loom for stakeholders. Some market participants fear the disruption to supply, though this is not likely a universal risk, but certainly for some counterparties, or in some locations, as casual participants head for the exit.
The administrative overhead required for the USDA’s Strengthening Organic Enforcement (SOE) program, known as Organic 2.0, will likely deter some market participants, who carry organic lines as a minor part of their business. Most operators will absorb the new administrative overhead and adapt to new requirements.
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