06.06.2023
Higher SBO Market Sparks Boost in Offer Prices
Distiller’s corn oil traded at 55 del Manly, IA for the nearby market and in a range for July and August today. There were offers to sell as high...
European organic grain prices are slowly edging lower, and activity is light. Merchandisers tell Fastmarkets that organic soybean meal is offered nearly €770-780 per metric ton for Chinese organic soybean meal and closer to €840 delivered to feed mills. This figure equals $770 per short ton and $840 per short ton, respectively.
The price for European crushed organic soybean meal that is crushed by non-EU beans is higher than the U.S. price, near €880 per metric ton ($880 per short ton). Organic soybean oil is quoted at around €950 per metric ton, but demand for oil in the short term is dead. Some of the oil is going into the non-GMO soybean oil market. Merchandisers tell Fastmarkets that organic corn prices have also dipped and are closer to €380 per metric ton. Feed grade organic wheat is trading lower, near €300 per metric ton.