Organic Soybean Prices Remain Elevated

Organic Soybean Prices Remain Elevated

 

Organic soybean prices remain elevated, and while it’s unclear if prices will move higher, it’s hard to see prices moving lower. The Jacobsen has seen prices bid near $19 and offered as high at $20.5 As recently reported organic soybean prices in India are on the rise, with merchandisers quoting them between $650 and $660. Indian organic soybean prices appear to be moving in tandem with global soybean prices which are relatively tight. According to The Jacobsen the global trade matrix shows that there are not enough soybeans for everyone that wants them.

The Jacobsen believes that there might be a need for rationing of soybeans in the US, but that will be dependent on exports to China. Brazilian soybean planting has been slower than normal but rainfall this week has been supporting the acceleration of activity….

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