Organic Soybean Meal Prices Will Continue to Trend Higher

Organic Soybean Meal Prices Will Continue to Trend Higher

 

Organic soybean meal prices remain red hot, and there will not be any let-up to the upward pressure on prices in the near term. At the same time, prices might consolidate but are more likely to continue to rise as record demand faces a supply chain disruption. Organic soybean meal prices in the mid-West are trading between $1,450 and $1,550. Soybean prices are rising, and higher organic soybean meal prices provide a further upward trajectory to our forecast. Organic corn prices are also buoyed. Mid-west organic corn prices are trading at $9, delivered, and increased toward the $12 on the West Coast.

There is not much organic soybean meal around, and there is another 6-months before the first of the organic soybeans are harvested in the United States. Organic soybean imports have been on a downward trajectory for the past 2-years. Despite this decline in organic soybean imports,…

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