Weakness in Soybean Prices Drives Soybean Oil Lower
Vegetable oil prices were mixed on Wednesday as follow-through buying from Tuesday's bullish export and production data and strength...
The focus in the market remains on organic soybean prices and organic soybean meal prices. Prices remain elevated, and activity is stable, but the volumes are very light. Organic soybean meal is trading at $1,260 a short-ton at Baltimore for the balance of Q2. The petition brought by the Organic Soybean Processors of America and a group of other organic soybean crushers is halting the supply chain even further than was the case following the issues with APEDA.
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