Organic soybean meal prices are moving higher. At Baltimore, organic soybean meal customs cleared and transloaded is currently near $820/$825 per short ton for the balance of Q1. This puts Pennsylvania prices close to $850 per short ton for imports and close to the same level for domestically crushed organic soybeans. The price for imports of organic soybean meal in the mid-west would be near $900 per short ton, which is well above prices offered for domestically crushed soybeans in the mid-west. The lack of imports going from the east coast to the mid-west will eventually put upward pressure on organic soybean meal prices in the mid-west.

 Prices in Indian are currently trading near $680/$690 per metric ton. The costs of shipping continue to rise. The cost of shipping from Nhava Sheva to Baltimore is now near $180 per metric ton. Since most of India’s shipping will not arrive in the U.S. for the next 60-days,…