Conventional Corn Could Play a Role in Organic Corn Prices
We feel that a drop in conventional corn prices will...
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Nearby Cash Basis on SBO Remains under Pressure
At the cash market, basis on crude-degummed soybean oil in central Illinois and the U.S. Gulf remained at depressed levels on Monday. Most sellers held firm on their recent offer levels that straddled 100-200 basis points of the CME's March soybean oil futures contract.
Soybean oil prices slipped to three-year lows last week, as supply of the feedstock has been outpacing consumption, particularly from the U.S. biofuels sector. Many producers covered their positions through the first quarter of this year, while others throttled back... Read More
