The Jacobsen is seeing a wide range of price for organic soybean meal. While domestic prices remain near $770 per short ton, there is a lot of fluctuation in the price of imports. The Jacobsen has heard prices as low at $700 in the mid-west for imports with June delivery. Organic soybean meal prices at the port of Baltimore are quoted near $690 per short ton, with FOB India near $655 per metric ton. Most of these prices are for 48% protein and imports at Baltimore do not…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...