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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12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...