A commodities trader says the U.S. organic soybean demand is relying on more imports.
Ryan Dornink with All-Star Trading in Schaumburg, Illinois tells Brownfield the organic soybean import market fell off for a while in the U.S. during the pandemic, bringing increased domestic prices for organic beans but, “Over the past year or so, we’re starting to see more and more imports at a little bit cheaper numbers so it seems like the soybean markets is starting to fall off from where it was.”
Dornink says last summer’s forward contracts were setting some record numbers for organic soybeans, but not anymore.
