Organic soybean meal prices remain elevated on the coasts, and those prices are likely to be matched in the mid-West. Organic soybean meal is offered at $1,625 in Oakland as well as in Baltimore. Prices are similar to slightly higher in South Central PA. Organic soybean meal prices in the mid-West are also reaching those same levels. Shipping rates from India and China to the United States are blazing higher. Merchandisers tell The Jacobsen that shipping from India to Baltimore and Oakland has reached above $8K per FCL, or $390 per metric ton. Even if you can purchase organic soybeans at $1,150 FOB India, you would still be looking at $1,550 CNF. The price to move an FCL from China to the United States is even higher reach $20K. Prices are likely to continue to rise, if you are interested in our forecast, check our our
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