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Organic soybean prices ranged from $22 to $29 per bushel in March, and organic soybean meal was quoted near $1,300 per short ton. US organic soybean meal imports rose 73% over the first seven months of the marketing year, while domestic supplies were up about 16% from 2020.
Record organic meal imports and high prices reflect a niche market disconnect, with the US ending its equivalency agreement with India possibly prompting stockpiling; this has limited effect on conventional feed prices.
brownfieldagnews.comNicole HeslipApr 21, 2021After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
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.
