04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
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…