Organic corn prices are stable with little to no activity in the spot market hovering around $7/$7.1 picked up at the farm in the mid-west. Some merchandisers are now quoting $7 delivered into their mid-west facilities. This could put additional downward pressure on prices. Prices in South Central PA remain near $350 per short-ton delivered for new crop, and slightly below for spot. Organic soybean prices are hovering just above $20 per bushel, but there is little product around. Organic soybean meal prices are hovering near the $760 level mid-west, and have similar values in PA.
The Jacobsen planting acre index is beginning to consolidate at 4-year lows. The index calculates the theoretical value of an acre of organic corn relative to the theoretical value of an acre of organic soybeans. The assumptions used are based on the Jacobsen calculation…
11.15.2024
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