Organic soybean meal prices remain stable and are hovering near $770-780 in the Midwest in several different states. Organic prices for soybean meal are now near $660/670 in Baltimore, and $595 FOB India. Organic hempseed grain prices are also stable at $1.10-$1.15 per pound. There was an issue with the Port of Nhava Sheva in Indian. According to reports and video, heavy and winds saw three out of its nine ship-to-shore cranes collapse. The port authority said that since there was no vessel at the berth, the cranes were not in operation and hence no operational hindrance has occurred at the port. Organic soybean prices also remain elevated. Prices are bid near $20 per bushel in several mid-west locations. This comes despite plenty of organic soybeans that continue to make their way to US shores.
Organic soybean imports increased by more than expected for June according to The Jacobsen. For June,…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...