The Jacobsen would like to wish everyone a Happy Memorial Day! The company will be closed on Monday, and we will resume our pricing and analysis Tuesday May 25.
Organic consumers and producers will find out whether just in time inventory will work during the balance of the 2019/2020 season. While the fundamental backdrop point to rising organic soybean meal prices, the technical picture is even brighter. Technical analysis is the study of past price movements. Several indicators can be used (even on opaque prices like organic soybean meal), to help predict the future movements of organic soybean meal prices.
The influx of imported organic soybean meal into the US put downward pressure on prices from the beginning of 2019 to 2020. Over the past 2-years the United States switched from mostly importing organic soybeans to importing organic soybeans and organic soybean meal at 50-50 rate. Initially there was a robust disparity between imported…
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...