Organic soybean and soybean meal prices are starting to diverge. The premium for organic soybean meal with higher protein levels is rising relative to organic soybean meal with a protein content of less than 43%. A consensus of merchandisers put the differential between $150 and $200 per short ton.
There should be more information on March 18, 2022, when the Department of Commerce is scheduled to release information on final duties for Indian imported organic soybean meal.
It will be hard to get organic soybeans from Turkey, especially since most of the organic soybeans that come into Turkey come from Russia or Ukraine. Today’s clarification of the Russian Eurasian Economic (EEU) Union ban might have some leeway on oilseeds. According to Agricensus/Fastmarkets, the Russian government has banned the export of wheat corn and barely within the EEU through August 31, 2020. Exports are still permitted within the EEU via individual export licenses agreed with…
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...