Europe is Poised to Draw Soybean Meal from India

Europe is Poised to Draw Soybean Meal from India

 

Organic soybean meal prices have rallied in Europe, trading as high at 900-Euros per metric ton according to merchandisers. This equates to $880 per short ton, which is elevated relative to the $770-$780 per short ton on the east coast of the United States.

Several issues are occurring in Europe that can have an impact on US organic soybean meal prices in the US. The first is that the Chinese, who are the main suppliers of organic soybean meal to Europe have cut off…

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