Organic corn prices for new crop are beginning to bottom. Merchandisers are telling the Jacobsen that while prices are still soft, farmers are unwilling to sell below $7 per bushel mid-west picked up at the farm. But even getting organic corn at $7.25 is still a struggle. Merchandisers have told the Jacobsen that this year will be a bumper crop and organic corn will not be damaged and below #2 in many cases. This was not the case during the 2019/2020 season which produce organic corn that was damaged and below spec.

The Jacobsen now sees that stocks to use increased to 5% the highest the Jacobsen has calculated over the past 4-years. The Jacobsen now predicts that the carry over into the 2020/2021 season will increase to nearly 4-million bushels. This should be offset by a decline in organic corn imports which are expected to decline by approximately…