Palm Oil Jumps to Record High Ahead of Long Holiday Weekend
Vegetable oil prices were higher on Wednesday as overnight gains in palm oil and a rally in soybean futures...
Organic soybean prices are rising. Prices in the mid-West were reported up to $35 per bushel. The average trade reported in Iowa was $32 per bushel. Despite the acceleration in the price of organic soybeans, the crush rate still makes these prices attractive if organic soybean meal is trading for $1,500 per short ton and organic soybean oil is selling for $0.70-$0.75 per pound.
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