Organic Corn Carryover Expected to Rise

Organic Corn Carryover Expected to Rise

 

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…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

04.17.2024

What is Biodiesel?

What is Biodiesel?

Biodiesel is a renewable fuel produced thorough the transesterification process. Transesterification is a chemical progression that converts vegetable oil, or other fats, oils and greases, into biodiesel. ...

04.17.2024

DCO production falls on seasonal maintenance in ethanol sector

DCO production falls on seasonal maintenance in ethanol sector

Distiller’s corn oil (DCO) traded into the Gulf market in a range of 44.5 – 45.25 cents lb delivered on Wednesday.
Slowing demand for May has contributed to...

04.17.2024

Broiler slaughter moves higher into May

Broiler slaughter moves higher into May

Animal proteins on Wednesday April 17 had modest range adjustments, with market sources calling the market, "quiet." Meat and bonemeal as well as bloodmeal remain under negative pressure, however,...

Latest Tweets