Organic soybean meal prices are continuing to climb, putting upward pressure on organic commodity prices. Organic soybean meal prices on the coasts are offered between $1,900 and $2,000. There are mid-west prices that are offered closer to $1,600 for old-crop, but very few loads are traded. There are very few offers available, and the markets are thin. Merchandisers tell The Jacobsen that there is some scrambling going on, but organic soybeans domestically are available in the second part of Q4.

The weather conditions in eastern Canada are good, and there should be organic soybeans coming south from Canada into the East Coast of the United States in the second part of Q4. Consumers will do what they will do about coverage for organic soybean meal in the first part of Q4. Organic soybean meal is offered on the coasts for Q4 near $1,700.

There is news on a bulk vessel carrying an organic soybean meal that was loaded in India. According to bills of lading…