Headwinds Persist for Organic Soybean Meal

Headwinds Persist for Organic Soybean Meal

Organic soybean meal prices continue to face headwinds as buyers have stepped away and are content with purchasing inventory as needed. Merchandisers tell Fastmarkets that the market is long, and until inventories are worked off, it will remain under pressure. Organic soybean meal CNF Baltimore is quoted near $800-900 per metric. Few buyers are stepping up. Feed mills that locked in higher prices are looking to dollar cost average at lower levels.

Fastmarkets continues to wait on word about whether there will be a change to the organic soybean meal duty (countervailing and anti-dumping) from India. There is word that some Indian exporters are looking to lobby for a change in the duty.

The rumor mill in the organic soybean meal space is also circulating. Merchandisers tell Fastmarkets that a shipment of 4,000 metric tons of organic soybean meal from Nigeria, contracted by a North American merchandiser was rejected by…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

03.27.2024

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois is looking to become the fifth sate to create a clean fuel transportation standard. The Illinois version, if passed, may not be as robust as the ones...

03.27.2024

Sellers see steady to higher prices on interior market trades

Sellers see steady to higher prices on interior market trades

Distiller’s corn oil (DCO) traded higher into the Manly, IA market today, topping out at a high of 47.75 cents lb. Trading into the Gulf and on an FOB...

03.27.2024

Aprill broiler slaughter forecasted below 2023

Aprill broiler slaughter forecasted below 2023

The proximity of the extended Easter holiday weekend kept some participants off the market at mid-week, leaving values generally steady.

Poultry by-product pet grade was reported lower in...

Latest Tweets