04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Organic soybean meal prices are playing catch-up football. Merchandisers are telling the Jacobsen that organic soybean meal prices are currently trading near $750 per shore ton (customers cleared) near Baltimore. Prices are now quoted at $680 per metric ton FOB India. The surge has been driven by supply more than demand which seems stable despite organic animal protein demand at supermarkets.
Organic soybean prices remain elevated in the mid-west but prices are beginning to percolate higher on the east coast. Merchandisers are telling the Jacobsen that domestic organic soybean prices are trading near $22 delivered into the east coast. Prices in Quebec have recently traded at $711 US dollars per metric ton or $19.35 per bushel according to merchandisers. Organic soybean prices in the mid-west are trading close to $20 delivered and…