Food Prices and Jobs Buoy Organic Feed, Despite Declines
Organic feed prices remain elevated. Despite the 50% decline in organic soybean meal from $1,700 per short ton, the...
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Bean Oil Futures Rally Back to Near 50 Cents Per Pound
Global edible oil prices swung higher for a second day on Friday, extending a recent rebound thanks to fund bargain buying and position covering. The market uptick was across most commodities, including energy, following another volatile trading week that saw the U.S. House pass a bill to suspend the nation’s debt ceiling until January 2025. The move injected confidence into the wider equity and financial markets the U.S. will be able to avoid defaulting on its debt.
Benchmark soybean oil and palm oil...
