Organic soybean prices remain elevated and the lack of organic soybean meal that has recently been imported into the US has put upward pressure on prices. Organic soybean meal is hovering near $800 per short ton in PA and slightly lower in the mid-west. In addition to the accelerating number of COVID cases, there could be additional pressure on Indian Imports of the US starts to use rhetoric that is similar to China.
On Tuesday, the Soybean Export Council said that China soybean buyers are now asking exporters to guarantee no COVID contamination in soybean cargoes. China’s soybean buyers are asking exporters to sign a letter guaranteeing their soybean shipments are not contaminated with the coronavirus. According to sources, Zhang Xiaoping, China director for the group, said the requests are coming from local customs authorities, not Beijing. If the US begins to require the same things from India, there is the…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...