Organic soybeans are very hard to find. Prices are trading between $23 and $26 per bushel in the mid-west, and finding one or two loads is challenging. Organic soybean meal is also trading at elevated prices. Organic soybean meal traded as high as $1,300 in Pennsylvania, but very few tons have traded. Organic soybean meal prices are offered FOB India from $825 to $900. Even if you are able to purchase organic soybean meal in India, merchandisers appear unsure if it will ship to the U.S. and when it will ship. It cost approximately $190 to get it to the U.S. by ship. Organic soybean meal is offered at $1,140-$1,150 customs cleared and on a truck in Baltimore, which puts it near $1,180 in Pennsylvania.
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...