Organic Soybean Meal Prices Continue to Rise

Organic Soybean Meal Prices Continue to Rise

 

Organic soybean meal prices are moving higher. At Baltimore, organic soybean meal customs cleared and transloaded is currently near $820/$825 per short ton for the balance of Q1. This puts Pennsylvania prices close to $850 per short ton for imports and close to the same level for domestically crushed organic soybeans. The price for imports of organic soybean meal in the mid-west would be near $900 per short ton, which is well above prices offered for domestically crushed soybeans in the mid-west. The lack of imports going from the east coast to the mid-west will eventually put upward pressure on organic soybean meal prices in the mid-west.

 Prices in Indian are currently trading near $680/$690 per metric ton. The costs of shipping continue to rise. The cost of shipping from Nhava Sheva to Baltimore is now near $180 per metric ton. Since most of India’s shipping will not arrive in the U.S. for the next 60-days,…

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