Organic soybean meal prices in India are rising, but the increase might not be enough for US domestic organic soybean crushers. Prices are quoted at $640 per metric ton FOB India for the November through January period. This should put organic soybean meal prices near $705 customs cleared in Baltimore. That would equate to $750 in South Central PA and imported meal near $775 per short-ton in the mid-west.
The Jacobsen has heard of a wide range of prices for organic soybean meal as well as a very wide range of organic soybean oil prices. Prices in the east have traded at $0.60 per pound, but cannot find a home in the mid-west for better than $0.45 per pound. Domestic and imported meal prices are also bifurcating. Organic soybean meal that is domestically crushed…
04.15.2024
Soybean oil stocks climb as soybean crush reaches record high
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...
04.15.2024
Soybean oil market adds negative pressure to DCO market
Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day.
The lower...
04.15.2024
Hog slaughter forecast lower into May
Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.
For the week ending April 20, 2024, hog...