Conventional soybean markets surged on news of weather concerns in key soybean producing regions in Brazil. Fastmarkets reported yesterday that the July CME soybean futures contract hit a 4-month high, increasing by 33.75 cents per bushel to $12.48 per bu. Similarly, July soybean meal increased by $15.40 per ton to $387.60 per ton.

As conventional soybean markets rally, organic markets could trend higher as well. However, recently organic soybean oil prices have stagnated, tightening crush margins for domestic organic soybean crushers. Current markets are heavily focused on imports, but there are some significant end users that solely utilize domestic organic feed commodities.

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