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Merchandisers told The Jacobsen that non-GMO soybean meal premiums have declined as supply is abundant. Non-GMO meal is trading about $60-70 per short ton over local cash, and feed-grade non-GMO beans are plentiful east of the Mississippi.
Narrowing non-GMO meal premiums lower the cost of specialty feed protein, while ample feed-grade bean supply reflects a loosening niche market.
thejacobsen.comDavid BeckerJun 28, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
