Organic soybean prices remain elevated, hovering near the $19.75/$20 region for mid-west beans. Most of the beans are committed so it’s hard to find any. To get imported beans to the mid-west the price would be well above the current domestic price. Organic soybean prices FOB India remain near $680-$700 per metric ton.
There is also still a strong demand for conventional soybeans which is generating strong demand for containers to be sent to China instead of India. According to the most recent Census Bureau data, China purchased a record $4.8 billion of U.S. food, agricultural, and seafood products during October. Soybeans accounted for the bulk of sales, $3.5 billion, in October.
…
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...