Loading…
Organic soybean meal prices are diverging, with domestic meal near $800 per short ton while imported meal has drifted to about $760. Indian prices have slipped below $600 per metric ton, though transport costs to the US remain elevated.
The article notes a historical seasonal decline in organic meal and soybean prices ahead of the new crop.
Seasonal softness and cheaper Indian supply point to lower organic meal prices, while elevated freight keeps the domestic-import spread wide for organic feed buyers.
thejacobsen.comJul 20, 2020Not 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.
