Organic Soybean Meal Imports are Forecast to Slump in the Q2

Organic Soybean Meal Imports are Forecast to Slump in the Q2

 

Organic corn prices remain soft, with spot trading at $340 per short ton in the Pennsylvania region. This equates to $9.52 per bushel, and approximately $7/$7.25 mid-west. Organic soybean prices remain elevated, but few trades are taking place. Merchandisers are quoting organic soybeans near $22 a bushel in the South-Central PA region.

Organic soybean meal prices remain buoyed and declining imports and the lack of domestic beans and meal likely provide future support….

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