A Divergence in Demand Ahead of the Harvest

A Divergence in Demand Ahead of the Harvest

 

Old-crop organic corn prices are edging higher, and continue to face upward pressure, despite a drop off in new-crop levels. Old-crop prices are trading above $10 per bushel picked up at the farm. The inversion for new-crop in the mid-west is hovering near $0.75/$1.0, as old crop prices continue to experience demand, especially in the eastern mid-west. While all seems to be quiet in the western mid-west, crushers in the east (Indiana and Illinois), continue to demand…

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