03.28.2025
Sausage casings bulletin, March 28, 2025

Runner market commentary
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Organic corn trading is steady, picking up slightly ahead of new crop. Midwest organic corn prices are seen near $7.75 per bushel off the farm, and $8.75 delivered at elevators. While demand remains robust for both feed and food, imports from Eastern Europe continue to make up for the shortfall in supply. Mounting pressure from CBOT board prices should weigh on organic prices, as robust yields and a strong carryover are likely to keep prices capped near $8. Volume has picked up, according to the Commitment of Trader’s report released for the date ending August 30th—hedge fund traders continue to line up on the short side of conventional corn. Short futures and options positions now double that of long futures and options positions.
Midwest organic soybean prices remain steady, and continue to consolidate near in the $17.75-18.50 per bushel range. Robust consumption of organic chicken, milk, and eggs, is driving the demand for organic feed soybeans. Similar to corn, imports are offsetting the dearth of U.S. supply, relative to demand. Volume has been light, according to the COT.
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