Organic Soybean Oil tracking Conventional

Organic Soybean Oil tracking Conventional

Following up on yesterday’s commentary, there has been only loose historical correlation between organic feed commodity prices and conventional.  That history though is relatively short, and the novel influences of COVID, spiking inflation, and geopolitics have an unknown impact on both conventional and organic crops and their prices relative to one another.

Conventional soybean oil prices have declined, and organic soybean oil prices followed suit in Q4 2023 following a short-term rally.  Further losses in organic soybean oil have tracked conventional this month as well.  Generally speaking, organic soybean oil tracked conventional prices in 2023, with conventional prices briefly topping organic.

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03.01.2024

Cold, Winter Weather Impact January Soybean Crush

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**Bob Lane was out of the office today and will return on Monday, March 4, 2024.**

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Animal Proteins – Friday

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The market was quiet today with no changes. 

Looking at the monthly averages in February, the markets were mixed in terms of price direction with intra-month volatility seen. 

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