Organic soybean prices remain buoyed, despite a retracement on the NCDEX. Exporters tell The Jacobsen that organic soybean meal prices are close to $700 per metric ton FOB India. Shipping rates remain high, close to $3,600-$3,700 per FCL. Organic soybean imports eased in November, according to the latest customs data. According to The Jacobsen, organic soybean imports are down 75% month over month in November and 22% year over year. Despite the recent decline in organic soybeans imports to the U.S., organic soybean imports for the 12-months ending November 2020 are up 9% year over year.
Organic soybean exporters have shifted over the last 11-months. For the 11-months ending November 2020, India has seen a 43.5K metric ton decrease in the volume of organic soybeans that are exported to the U.S., while Russia has seen a 43.8K metric ton increase in exports to the U.S. Argentina has also seen a decline in the…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...