The only cure for low prices is low prices. Organic feed grains are trading defensively, and purchasing habits have changed to reflect the current market environment.
Our analysis and survey of merchandisers show that spot or T+3 (three months ahead) purchases make up approximately 80 percent of the organic grain purchases to acquire inventories. Spot purchases can potentially reduce prices compared to paying a fixed annual price, but it depends on various factors such as market conditions, supply and demand dynamics, and price fluctuations.
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05.08.2024
May STEO forecast, 2024 RVOs
The Energy Information Administration’s (EIA) Short Term Energy Outlook (STEO) showed a decrease in 2024 fuel consumption estimates. This lowered renewable fuel blending estimates for the year, leading to...
05.08.2024
DCO production falls, Gulf UCO trades higher
Used cooking oil (UCO) traded at 41.5 cents per lb delivered US Gulf on Wednesday May 8, up 1.5 cents per lb from the last reported level. UCO was...
05.08.2024
Porcine meat and bonemeal lower on diminished interest
The majority of US animal protein prices were steady on Wednesday May 8. Most values reported were within the previously set ranges, with exception to porcine ruminant bloodmeal on...