Impact of Imported Organic Soybean Meal on U.S. Market

U.S. organic soybean acreage expanded at an 18.11 percent compound annual growth rate, indicating rising domestic supply that can reduce reliance on imported organic meal. Organic soybean meal prices averaged $948.49 per ton in the first observations and $973.38 per ton in subsequent records, narrowing the differential with Indian-origin material and producing negative crush margins. India's soybean exports contracted to 22,477.36 tonnes valued at $18,114,000 in 2023 from 54,393.26 tonnes and $50,343,000 in 2022, signaling tighter exportable surpluses from the leading supplier. Zero shipments