Organic soybean meal prices are steady but several impetuses could generate additional volatility. The Jacobsen has heard of a range of prices FOB India, with highs near $620 per metric ton to lows near $575 per metric ton. The question is how long prices will remain at these levels given the continued spread of COVID-19 across the Indian nation and the lack of containers that are needed to ship grains to the US.
In the US, imports surged in August. Approximately 2.1 million containers were imported into major U.S. ports, in 20-foot-equivalent units, according to the Global Port Tracker. This was an increase of approximately 8% year over year and up 9.7% from July to the highest level in the past 18-years. At the same time, Indian imports have declined substantially during the same period. According to merchandisers Indian imports slowed by nearly 50% during the summer months, and several different vessels…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...