USDA Livestock, Poultry & Grain Market News – Compared to two weeks ago, feed grade corn demand moderate, trading active at 13 cents lower FOB with the bulk of market activity on forward contracts. Feed grade soybean demand light, trading 21 cents higher FOB on limited volume. Soybean meal traded steady on limited trades and moderated demand. Soy oil demand good, trading two cents lower.
Forward contract activity on new crop organic grains very good. Trade inactive on all other organic commodities. No organic hay trades available.
According to USDA Foreign Agricultural Services’ Global Agricultural Trade System, January 2017 organic corn imports were up 420,697 bushels from the prior year totalling 2,912,814 bushels, organic soybean imports were up 185,919 bushels from the prior year totalling 2,023,047 bu, and durum wheat imports were down 60,144 bushels from the prior year totalling 49,321 bushel.
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*All prices listed in US dollars