Organic soybean meal imports accelerate

Organic soybean meal imports accelerate

Organic soybean meal trading activity appears slow, but this has not stopped the steady flow of imports entering the United States. While we believe prices are closer to the bottom than the top, we can see prices staying near current levels for some time. We do not anticipate a significant uptick in demand, and “higher for longer” interest rates keep liquidity out of the discretionary market.

The wildcard remains the SOE, generating a supply chain disruption, which could generate temporary price volatility, but weather always has the potential to upset markets as planting season arrives.

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04.19.2024

Reduced March RIN production not leading to higher RIN Prices

Reduced March RIN production not leading to higher RIN Prices

Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...

04.19.2024

CWG, YG higher on week, UCO, DCO down again

CWG, YG higher on week, UCO, DCO down again

The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.

04.19.2024

Price pressure on ruminant and porcine items for the week

Price pressure on ruminant and porcine items for the week

Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.

Wide ranges were witnessed on porcine bloodmeal (BM), with a...

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