EU Soymeal Prices
Basis CIF Rotterdam/Amsterdam unless otherwise stated in USD/tonne:
Brazil pellets 48%
Spot Fob 360.00
Afloat 355.00
March
Apr 338.00
May 326.00
Jun/Sep 317.00
Oct/Dec 318.00
Dutch Hipro 49% profat FOB
March
Apr 382.00
May 356.00
Jun/Jul 329.00
Aug/Oct 326.00
Nov/Jan 335.00
Argentine Hipro 49% profat
Afloat 383.00-378.00
March 350.00
Apr 344.00
May 330.00
Jun/Sep 321.00
Oct/Dec 322.00
EU Soymeal Prices
Basis CIF Rotterdam/Amsterdam in USD/tonne unless otherwise stated:
Brasil pellets 48%
Spot Fob 370.00
Afloat 379.00
March 364.00
Apr 336.00
May/Sep 317.00
Oct/Dec 315.00
Argentine pellets 44/45%
May/Sep 313.00
Oct/Dec 312.00
Dutch Hipro 49% profat
Apr 373.00
May 351.00
Jun/Jul 325.00
Aug/Oct 327.00
Nov/Jan 329.00
Argentine Hipro 49% profat
Afloat 379.00-373.00
March 350.00
Apr 340.00
May/Sep 320.00
Oct/Dec 316.00
US Soymeal Prices Hit 5-Month Low
US soymeal prices fell to their lowest levels since last October in overnight eCBOT trade Thursday. Front month March CBOT soymeal closed on the session low of USD264/tonne, just eclipsing the low of the year so far set on Feb 4th of USD265.60/tonne.
The March future is now within spitting distance of the previous harvest low of USD262/tonne set in early October 2009. The lifetime contract low was USD235/tonne set in the traditional "spring break" or "John Deere low" in March 2009.
Despite meal eclipsing the previous 2010 low of Feb 4th, March soybean prices are still almost 50 cents higher than their lowest levels of the year, set on the same day.
There are a couple of reasons for the disparity.
The ever increasing use of corn by the US ethanol industry has led to record production of DDGS looking for a home. Soymeal is now have to price itself into feed rations in the US more aggressively than it has in the past faced with this new competition.
Additionally, talk that an extension of the USD1 a gallon blenders credit getting passed as early as this week, is seen as bullish for beans and oil but bearish meal. Without the credit crush margins for producing soyoil for inclusion in biodiesel are poor, but with it we could see increased crushing and therefore extra production of meal.
For more background info on the blenders credit element of this story see here.
Of course the pound was some 9 cents or so higher against the dollar back in early February, which explains why UK soymeal prices aren't also currently at their lowest levels of the year.
EU Soymeal Prices
Guide prices basis CIF Rotterdam/Amsterdam in USD/tonne unless stated:
Brazil pellets 48%
Spot Fob 384.00
Afloat 381.00
March 359.00
Apr 331.00
May/Sep 317.00
Oct/Dec 318.00
Argentine pellets 44/45%
May/Sep 317.00
Dutch Hipro 49% profat FOB
Apr 381.00
May 359.00
Jun/Jul 330.00
Aug/Oct 335.00
Nov/Jan 336.00
Argentine Hipro 49% profat
Afloat 388.00-383.00
Feb 379.00
March 356.00
Apr 339.00
May/Sep 321.00
Oct/Dec 324.00
EU Soymeal Prices
Basis CIF Roterdam/Amsterdam in USD/tonne unless stated:
Brazil pellets 48%
Spot Fob 385.00
Afloat 380.00
March 361.00
Apr 334.00
May/Sep 318.00
Oct/Dec 321.00
Argentine pellets 44/45%
May/Sep 320.00
Dutch Hipro 49% profat FOB
Apr 384.00
May 359.00
Jun/Jul 334.00
Aug/Oct 340.00
Nov/Jan 342.00
Argentine Hipro 49% profat
Afloat 390.00-385.00
Feb 383.00
March 360.00
Apr 341.00
May/Sep 324.00
Oct/Dec 325.00
EU Soymeal Prices
Basis CIF Rotterdam/Amsterdam in USD/tonne unless stated:
Brazil pellets 48%
Spot Fob 390.00
Afloat 382.00
March 363.00
Apr 334.00
May/Sep 319.00
Oct/Dec 322.00
Argentine pellets 44/45%
May/Sep 315.00
Dutch Hipro 49% profat FOB
March
Apr 387.00
May 362.00
Jun/Jul 339.00
Aug/Oct 342.00
Nov/Jan 342.00
Argentine Hipro 49% profat
Afloat 397.00-390.00
Feb 385.00
March 362.00
Apr 342.00
May/Sep 323.00
Oct/Dec 327.00
EU Soymeal Prices
Basis CIF Rotterdam/Amsterdam in USD/tonne unless stated:
Brazil pellets 48%
Spot Fob 415.00
Afloat 410.00
March 388.00
Apr 340.00
May/Sep 325.00
Oct/Dec 325.00
Argentine pellets 44/45%
Apr 335.00
May/Sep 315.00
Oct/Dec 315.00
Dutch Hipro 49% profat FOB
Feb 432.00
March 431.00
Apr 403.00
May 367.00
Jun/Jul 346.00
Aug/Oct 344.00
Nov/Jan 348.00
Argentine Hipro 49% profat
Afloat 425.00-415.00
Feb 417.00
March 385.00
Apr 346.00
May/Sep 329.00
Oct/Dec 332.00
EU Soymeal Prices
Basis CIF Rotterdam/Amsterdam in USD/tonne unless otherwise stated:
Brazil pellets 48%
Spot Fob 413.00
Afloat 409.00
March 389.00
Apr 335.00
May/Sep 319.00
Oct/Dec 323.00
Argentine pellets 44/45%
May/Sep 312.00
Dutch Hipro 49% profat
March 425.00
Apr 402.00
May 368.00
Jun/Jul 343.00
Aug/Oct 345.00
Nov/Jan 348.00
Argentine Hipro 49% Profat
Afloat 423.00-412.00
Feb 412.00
March 380.00
Apr 340.00
May/Sep 322.00
Oct/Dec 324.00
EU Soymeal Prices
Guide prices basis CIF Rotterdam/Amsterdam in USD/tonne unless stated:
Brazil pellets 48%
Spot Fob 419.00
Afloat 413.00
March 399.00
Apr 341.00
May/Sep 327.00
Oct/Dec 328.00
Argentine pellets 44/45%
Spot Fob 405.00
Dutch Hipro 49% profat
Feb 421.00
March 430.00
Apr 406.00
May 373.00
Jun/Jul 345.00
Aug/Oct 349.00
Nov/Jan 349.00
Argentine Hipro 49% profat
Afloat 425.00-421.00
Feb 419.00
March 391.00
Apr 349.00
May/Sep 333.00
Oct/Dec 335.00
EU Soymeal Prices
Basis CIF Rotterdam/Amsterdam unless otherwise stated in USD/tonne:
Brazil pellets 48%
Spot Fob 415.00
Afloat 399.00
Feb 399.00
March 370.00
Apr 327.00
May/Sep 312.00
Oct/Dec 317.00
Argentine pellets 44/45%
Spot Fob 400.00
Apr 322.00
May/Sep 302.00
Oct/Dec 306.00
Dutch Hipro 49% profat FOB
Feb 416.00
March 420.00
Apr 394.00
May 358.00
Jun/Jul 336.00
Aug/Oct 341.00
Nov/Jan 341.00
Argentine Hipro 49% profat
Afloat 416.00-412.00
Feb 412,00
March 390.00
Apr 340.00
May/Sep 320.00
Oct/Dec 324.00
EU Soymeal/Pellet Prices
Basis CIF Rotterdam/Amsterdam unless otherwise stated in USD/tonne:
Brazil pellets 48%
Afloat 394,00
Feb 394,00
March 375,00
Apr 333,00
May/Sep 315,00
Oct/Dec 322,00
Argentine pellets 44/45%
Afloat 390,00
Apr 328,00
May/Sep 309,00
Oct/Dec 313,00
Dutch Hipro 49% profat
Feb 418,00
March 420,00
Apr 398,00
May/Jul 348,00
May/Oct 349,00
Argentine Hipro 49% profat
Afloat 412,00
Feb 408,00
March 392,00
Apr 340,00
May/Sep 325,00
Oct/Dec 329,00
EU Soymeal Prices
Basis CIF Rotterdam/Amsterdam in USD/tonne unless otherwise stated:
Brazil pellets 48%
Afloat 415,00
Jan 415,00
Feb 415,00
March 385,00
Apr 353,00
May/Sep 338,00
Argentine pellets 44/45%
Afloat 405,00
Jan 405,00
Jan/March unq
May/Sep 326.00
Dutch Hipro 49% profat
Jan 430,00 fob
Feb 430,00 fob
March 430,00 fob
Apr 416,00 fob
May/Jul 364,00 fob
May/Oct 364,00 fob
Argentine Hipro 49% profat
Afloat 420,00
Jan 420,00
Feb 420,00
March 403,00
Apr 364,00
May/Sep 346,00
Oct/Dec 352,00
EU Soymeal Prices
Basis CIF Rotterdam/Amsterdam in USD/tonne unless otherwise stated:
Brazil pellets 48%
Afloat 426,00
Jan 426,00
Feb 426,00
March 397,00
Apr 361,00
May/Sep 343,00
Argentine pellets 44/45%
Afloat 405,00
Jan 405,00
Jan/March unq
May/Sep 337,00
Dutch Hipro 49% profat FOB
Jan 435,00
Feb 435,00
March 434,00
Apr 414,00
May/Jul 366,00
May/Oct 368,00
Argentine Hipro 49% profat
Afloat 423,00
Jan 423,00
Feb 423,00
March 407,00
Apr 372,00
May/Sep 353,00
Oct/Dec 359,00
EU Soymeal/Pellet Prices
Guide prices basis CIF Rotterdam/Amsterdam in USD/tonne, unless otherwise stated:
Brazil pellets 48%
Afloat 420,00 -10,00
Jan 420,00 -9,00
Feb 418,00 -7,00
March 389,00 -7,00
Apr 355,00 -6,00
May/Sep 342,00 -6,00
Argentine pellets 44/45%
Afloat 406,00 -5,00
Jan 406,00 -5,00
Jan/March unq
May/Sep 335,00 -6,00
Dutch Hipro 49% profat FOB
Jan 430,00 -17,00
Feb 430,00 -12,00
March 428,00 -7,00
Apr 411,00 -6,00
May/Jul 363,00 -7,00
May/Oct 367,00 -5,00
Argentine Hipro 49% profat
Afloat 420,00 -13,00
Jan 420,00 -8,00
Feb 420,00 -8,00
March 396,00 -14,00
Apr 361,00 -9,00
May/Sep 347,00 -9,00
Oct/Dec 357,00 -7,00
EU Soymeal Prices
Guide prices basis CIF Rotterdam/Amsterdam unless otherwise stated in USD/tonne:
Brazil pellets 48%
Afloat 430,00 -2,00
Jan 429,00 -1,00
Feb 425,00 -1,00
March 396,00 unch
Apr 361,00 -4,00
May/Sep 348,00 -5,00
Argentine pellets 44/45%
Afloat 411,00 +1,00
Jan 411,00 +1,00
Jan/March unq
May/Sep 341,00 -2,00
Dutch Hipro 49% FOB
Jan 447,00 +7,00
Feb 442,00 unch
March 435,00 -1,00
Apr 417,00 -2,00
May/Jul 370,00 -5,00
May/Oct 372,00 -5,00
Argentine Hipro 49%
Afloat 433,00 unch
Jan 428,00 -4,00
Feb 428,00 -2,00
March 410,00 -5,00
Apr 370,00 -2,00
May/Sep 356,00 -1,00
Oct/Dec 364,00 -2,00
EU Soymeal/Pellet Prices
Guide prices basis CIF Rotterdam/Amsterdam unless otherwise stated in USD/tonne:
Brazil pellets 48%
Afloat 432,00
Jan 430,00
Feb 426,00
March 396,00
Apr 365,00
May/Sep 353,00
Argentine pellets 44/45%
Afloat 410,00
Jan 410,00
Jan/March
May/Sep 343,00
Dutch Hipro 49% profat FOB
Jan 440,00
Feb 442,00
March 436,00
Apr 419,00
May/Jul 375,00
May/Oct 377,00
Argentine Hipro 49% profat
Afloat 433,00
Jan 432,00
Feb 430,00
March 415.00
Apr 372,00
May/Sep 357,00
Oct/Dec 366,00
EU Soymeal Prices
Basis CIF Rotterdam/Amsterdam in USD/tonne unless stated:
Brazil pellets 48%
Afloat 435,00 -3,00
Jan 434,00 -1,00
Jan/March 421,00 -2,50
May/Sep 359,00 -1,00
Argentine pellets 44/45%
Afloat 420,00 unch
Jan 420,00 unch
Jan/March 418,00 unch
May/Sep 347,00 -6,00
Dutch Hipro 49% profat FOB
Jan 442,00 -10,00
Feb 441,00 -9,00
March 433,00 -9,00
Apr 417,00 -7,00
May/Jul 374,00 -3,00
May/Oct 375,00 -2,00
Argentine Hipro 49% profat
Afloat 435,00 -10,00
Jan 435,00 -5,00
Feb 435,00 -1,00
March 423,00 -2,00
May/Sep 366,00 -3,00
EU Soymeal Prices
Basis CIF Rotterdam/Amsterdam in USD/tonne unless otherwise stated:
Brazil pellets 48%
Afloat 438,00 +7,00
Jan 435,00 +5,00
Jan/March 423,50 +4,50
May/Sep 360,00 -2,00
Argentine pellets 44/45%
Afloat 420,00 unch
Jan 420,00 unch
Jan/March 418,00 +2,00
May/Sep 353,00 +1,00
Dutch Hipro 49% profat
Jan 452,00 +7,00
Feb 450,00 +5,00
March 442,00 +7,00
Apr 424,00 +6,00
May/Jul 377,00 unch
May/Oct 377,00 unch
Argentine Hipro 49% profat
Afloat 445,00-442.00 N/a
Dec 442,00 +5,00
Jan 440,00 +4,00
Feb 436,00 +3,00
March 425,00 +3,00
May/Sep 369,00 +1,00
EU Soymeal/Pellet Prices
Guide prices basis CIF Rotterdam/Amsterdam unless otherwise stated in USD/tonne:
Brazil pellets 48%
Afloat 433,00 +1,00
Jan 430,00 -2,00
Jan/March 419,00 unch
May/Sep 362,00 +2,00
Argentine pellets 44/45%
Afloat 420,00 -5,00
Jan 420,00 -1,00
Jan/March 416,00 -1,00
May/Sep 352,00 -1,00
Dutch Hipro 49% profat
Jan 445,00 -4,00
Feb 445,00 -1,00
March 436,00 -3,00
Apr 418,00 -2,00
May/Jul 377,00 -1,00
May/Oct 377,00 -1,00
Argentine Hipro 49% profat
Afloat 438,00 +1,00
Dec 437,00 unch
Jan 436,00 -1,00
Feb 433,00 +3,00
March 422,00 +4,00
May/Sep 368,00 unch
EU Soymeal/Pellets Prices
Guide prices basis CIF Rotterdam/Amsterdam unless otherwise stated in USD/tonne:
Brazil pellets 48%
Afloat 432,00
Jan 432,00
Jan/March 419,00
May/Sep 360,00
Argentine pellets 44/45%
Afloat 425,00
Jan/March 417.00
May/Sep 353.00
Dutch Hipro 49% profat
Jan 449,00 FOB
Feb 446,00 FOB
March 439,00 FOB
Apr 420,00 FOB
May/Jul 378,00 FOB
May/Oct 378,00 FOB
Argentine Hipro 49% profat
Afloat 437,00
Dec 437,00
Jan 437,00
Feb 430,00
March 418,00
May/Sep 368,00
