On the eve of SOE implementation, more details of massive fraud have been unearthed in Europe, leading to an indictment for organic grain exporters. Along with organic grain exporter Hakan Agro DMCC, several Turkish individuals have been implicated in a conspiracy to sell conventional corn and soybeans as organic.
Turkish businessman Hakan Bahçeci died in 2020, but he was at the center of the elaborate scheme that sought to source conventional corn and soybeans from Eastern Europe, store them in Turkey while fake certificates were generated, and export to the U.S. Born in Kurdish province Diyabakir, Bahçeci was a representative for President Recep Tayyip Erdogan to…
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...