Loading…
Organic soybean meal and soybean prices FOB India are falling, with meal trading as low as $600 per metric ton and organic soybean oil down about $50 per ton over two weeks to $1,000. US organic soybean meal prices remain volatile, possibly peaking slightly above $800 per ton in the Midwest and Pennsylvania.
Seasonal softness in organic supplies and weaker Indian offers point to lower organic meal and oil costs for buyers, though scarce US organic beans limit downside. The mention of a new flu virus in Chinese pigs is background only and not a price driver.
thejacobsen.comDavid BeckerJun 30, 2020Not enough comparable past events yet for a historical read.
Not 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.
