Organic soybean prices remain elevated trading close to the $21 level in Pennsylvania. While offers are at the $20.5 level in the mid-west, buyers are bidding closer to $19.50. Expectations are for bean and meal imports to begin to arrive in the US at a regular rate come July, according to Merchandisers. India continues to experience issues with the supply chain, which will keep upward pressure on prices. Organic soybean prices in India are quoted near $645 per metric ton FOB, but shipping rates have increased hovering near $105 per metric ton.
Organic soybean imports declined 70% month-over-month according to The Jacobsen insight. Imports of organic soybeans are also down 72% year over year for April. The Jacobsen now forecast that organic soybeans will be down 8% for the 2019/2020 season on a year over year basis. Jacobsen also believes that organic soybean imports for June will also be lower than normal, given issues related to the supply chain in…
02.25.2025
Prices for US animal fats and oils hold steady amid pressure from outside markets
The US animal fats and oils markets held steady on Tuesday February 25, with limited new trades reported throughout the day.
Following an active trading week last week,...
02.25.2025
US weekly soybean, wheat export inspections increase; corn drops
Export inspections of US grains showed a decline for corn, but an increase for soybean and wheat in the week to Thursday February 20, according to USDA data released...
02.25.2025
US hide export shipments fall below weekly, yearly levels
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