05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Organic soybean prices remain buoyed, despite a retracement on the NCDEX. Exporters tell The Jacobsen that organic soybean meal prices are close to $700 per metric ton FOB India. Shipping rates remain high, close to $3,600-$3,700 per FCL. Organic soybean imports eased in November, according to the latest customs data. According to The Jacobsen, organic soybean imports are down 75% month over month in November and 22% year over year. Despite the recent decline in organic soybeans imports to the U.S., organic soybean imports for the 12-months ending November 2020 are up 9% year over year.
Organic soybean exporters have shifted over the last 11-months. For the 11-months ending November 2020, India has seen a 43.5K metric ton decrease in the volume of organic soybeans that are exported to the U.S., while Russia has seen a 43.8K metric ton increase in exports to the U.S. Argentina has also seen a decline in the…