Organic soybean prices have been mixed, but remain elevated. Prices are quoted near $20.60 in North Caroline picked up for imported (Argentinian) beans and at $600 per metric ton (16.35 per bushel) FOB India. Organic soybean meal is offered at $680 per metric at Sparrows Head (near Baltimore), customs cleared and on a truck, and near $780 per short ton in the mid-west. Organic soybean meal prices have dipped slightly offered near $595 per metric ton FOB India.

The harvest in India seems to be headed for a positive outlook which could put additional downward pressure on organic soybean and organic soybean meal prices. The planting progress has accelerated rapidly in July with ample monsoon rains in key areas. The volume of rain has been substantial leading to flooding in many…