Organic soybean meal prices remain buoyed. Prices in the mid-west continue to hover near the $850 level. Imports in Pennsylvania are closer to $850 while domestic meal crushed from domestic beans is trading near $900. Organic soybean meal is trading between $690 per metric ton and $730 per metric ton FOB India. The freight to Baltimore has put a significant bid under organic soybean meal prices. Prices at the port are now 880 per short ton customs cleared, and if you want transloading on to a truck, the price is closer to $930 per short ton. The price for imports in Baltimore continues to trend higher.
At current levels, imports that would move east to west would be valued near $960 per short ton in the mid-west for imports. This likely prohibits organic soybean…
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