Headwinds Persist for Organic Soybean Meal

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Headwinds Persist for Organic Soybean Meal

Organic soybean meal prices continue to face headwinds as buyers have stepped away and are content with purchasing inventory as needed. Merchandisers tell Fastmarkets that the market is long, and until inventories are worked off, it will remain under pressure. Organic soybean meal CNF Baltimore is quoted near $800-900 per metric. Few buyers are stepping up. Feed mills that locked in higher prices are looking to dollar cost average at lower levels.

Fastmarkets continues to wait on word about whether there will be a change...

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