Organic soybean meal prices in Europe are rising. Merchandisers tell The Jacobsen that organic soybean meal is trading near 950-euros per metric ton delivered to Denmark. Prices have increased from 750 per metric ton just 3-months ago. While the cost of shipping into northern-Europe has increased from India, demand has been a driver of higher prices. Organic soybean meal prices in the mid-west have also been rising. Merchandisers have shown The Jacobsen a range of prices ranging from a low of $800 per short-ton to a high of $875 per short ton for domestic organic soybean meal. In key Midwest locations, organic soybean meal is hovering near $850 per short ton. Organic soybean meal prices in Baltimore customed cleared trading near $775 per short-ton. Organic soybean meal that is customed clear and transloaded is trading near $825 per short ton.
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04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...