Organic Soybean Oil Weighs on Organic Soybean Prices

Organic soybean prices are steady near $18.50 and diverging forces continue to drive the market.  Robust demand for organic soybean meal has kept crushers busy, generating large quantities of organic soybean oil. Organic soybean oil inventories are bulging, and continue to trade at a 6-cent premium to conventional soybean oil near $0.36 per pound. This oversupply also exists in the non-GMO soybean space, were oil…