Persistent dry weather in key crop producing areas has made for efficient corn and soybean harvest. Scattered showers across the Midwest and Plains last week did not meaningfully slow field work progress, as preceding dry conditions allowed soils to quickly dry while farmers stayed on task.
Dry weather is excellent for productivity this time of year but comes at the expense of organic small grain plantings. Merchandisers tell Fastmarkets that organic feed wheat supply has rapidly dwindled on the East Coast, sending spot transactions well into the $9 per bushel territory.
Drought in southeast Ohio has intensified, and crop yields there reflect this. Organic producers are seeing yields off by half in some cases where harvest is even practical.
As of October 27, we estimate over 70% of the organic corn crop is harvested. Early reports…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
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Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
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Bloodmeal largest price mover week on week; November cattle on feed higher
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