Conventional soybean markets surged on news of weather concerns in key soybean producing regions in Brazil. Fastmarkets reported yesterday that the July CME soybean futures contract hit a 4-month high, increasing by 33.75 cents per bushel to $12.48 per bu. Similarly, July soybean meal increased by $15.40 per ton to $387.60 per ton.
As conventional soybean markets rally, organic markets could trend higher as well. However, recently organic soybean oil prices have stagnated, tightening crush margins for domestic organic soybean crushers. Current markets are heavily focused on imports, but there are some significant end users that solely utilize domestic organic feed commodities.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...