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.

Organic Corn Exports from Romania

In mid-April, Romania became the first country curtail grain exports during the coronavirus pandemic, a dramatic move to preserve grains for their own country. The government passed a decree banning the sale of grain to countries outside the European Union during a state…