Organic corn and soybean markets are fragmented and separated by a considerable distance. Issues related to supply and demand are frequently limited to individual trade flows but can apply to broader geography as well.
The Midwest is a key producing region for organic corn and soybeans, but there is relatively little demand there. Iowa organic poultry and some hog production is the exception. Significant demand exists on the East and West Coasts with a concentration of organic poultry producers in Pennsylvania and California.
East Coast pricing factors in the considerable freight costs required to move individual or small groups of rail cars or trucks over 1,000 miles to an end user. This limits the arbitrage potential for…
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.
11.22.2024
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...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...