Organic soybean prices are consolidating and very little activitiy is occuring in old-crop or new crop prices. Values remain inverted for new crop as very little trade has been reported for Q4.  Corn on the other hand has seen a squeeze in the eastern mid-west while merchandisers in the western mid-west are reporting very little activity.  Both soybeans and corn are experiencing and inversion for Q4.

What is also clear is that merchandisers are continuing to edge into the…