USDA – Compared to two weeks ago, grower bids on feed grade organic corn 8.25 FOB. Feed grade corn demand and activity good, trading 31 cents higher FOB. Feed grade soybean demand and activity light, trading 17.10-17.75 FOB. Bids mostly 17.50 to 18.00 delivered elevator.
Rainy conditions have delayed corn and soybean planting process across U.S. Soybean meal trade inactive on the spot market with limited trade to trend. Trade activity on feed wheat moderate on good demand. Bids range 8.00 to 9.00 delivered as demand increases. Soybean oil trade activity light on good demand with no comparable trades to trend.
Forward contract activity organic grains light. Limited trades on barley and oats while trade on all other organic grains remains inactive. Organic hay trades limited.
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*All prices listed in US dollars