The non-GMO soybean meal market has been soft as merchandisers focus on the near calendar year. While bean premiums remain relatively elevated, close to $1.40 per bushel over conventionals, non-GMO soybean meal price is beginning to drift lower. Merchandisers tell The Jacobsen, that non-GMO soybean meal demand at dairies is starting to drift slightly lower. In contrast, demand from broiler and layers operation demand for non-GMO soybean meal remains solid. Non-GMO soybean meal prices are currently seen near $100-115 per short-ton over conventional.
The decline in non-GMO soybean meal premiums over conventional could make US domestic crushing of non-GMO soybean meal less attractive. Unfortunately, it’s also challenging to get a premium for non-GMO soybean oil. Merchandisers have told The Jacobsen that most non-GMO oil that is crushed is sold into the conventional market.
01.22.2025
Be8, Cemvita to study glycerin-to-SAF feasibility in Brazil
Brazilian biofuels producer Be8 and US-based biotech company Cemvita signed a memorandum of understanding to study the technical and economic feasibility of converting glycerin into sustainable aviation fuel (SAF),...
01.22.2025
CWG prices jump 17% from prior week on strong renewable demand
The choice white grease (CWG) market continued to trade higher on Wednesday January 22 with deals done as high as 42 cents per lb FOB Missouri River, but the...
01.22.2025
US weekly wheat, soybean export inspections decline; corn up 7%
Export inspections of US grains showed a decline for soybean and wheat, while corn increased in the week to January 16, according to data from the USDA released on...