Organic Soybean Oil Inventories are Growing

Organic Soybean Oil Inventories are Growing

 

 

Around the Market

While organic soybean meal prices have been buoyed over the past 6-weeks, organic soybean oil prices are experiencing downward pressure. Merchandisers are saying the inventories are rising and premiums over conventional are narrowing. The crushing process is producing too much oil as it tries to meet organic meal demand, according to the Jacobsen intelligence. Prices show values near 37 cent per pound, with a range from 33 cents to 39…

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