Organic soybean and soybean meal imports continue to flood into the US. Much of this volume originates in Turkey’s Black Sea port of Samsun. We surmise that these transshipments include organic soybeans from conflict-torn Ukraine and Russia, but this is on top of roughly 15 metric tons of organic soybeans originating in Ukraine and Russia, according to official trade data.
Argentina has sustained their organic soybean exports so far this year, shipping nearly 15,000 metric tons to the U.S. As with organic corn, future Argentine imports are less certain.
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09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...
09.06.2024
US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
09.06.2024
Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...