As harvest progresses in the U.S., merchandisers tell Fastmarkets that bids are strengthening in East Coast markets like Pennsylvania. Reports of $330 per short ton – $9.25 per bushel – on old crop corn is enough to make regional operators wonder what is going on with organic imports.
Market participants have speculated that striking dockworkers may have contributed to disrupting trade flows, but Fastmarkets cannot confirm this. Another theory is that the USDA’s Strengthening Organic Enforcement (SOE) is beginning to gain traction.
Rumours of a large load of organic corn at a major East Coast port is under investigation have been communicated, but Fastmarkets cannot…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...