Organic soybean meal prices are playing catch-up football. Merchandisers are telling the Jacobsen that organic soybean meal prices are currently trading near $750 per shore ton (customers cleared) near Baltimore. Prices are now quoted at $680 per metric ton FOB India. The surge has been driven by supply more than demand which seems stable despite organic animal protein demand at supermarkets.
Organic soybean prices remain elevated in the mid-west but prices are beginning to percolate higher on the east coast. Merchandisers are telling the Jacobsen that domestic organic soybean prices are trading near $22 delivered into the east coast. Prices in Quebec have recently traded at $711 US dollars per metric ton or $19.35 per bushel according to merchandisers. Organic soybean prices in the mid-west are trading close to $20 delivered and…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...