Organic prices in the EU are stable, with wheat prices continuing to slip held up only by the price of conventional wheat. Organic wheat prices are hovering near 200-euro per metric ton CIF delivered into Amsterdam. Organic corn prices in Europe are also stable, with many consumers looking organic corn from Ukrain which is currently trading near 240-euros per metric ton delivered into Amsterdam. EU corn from other destinations is higher near 260-euros per metric ton. While there is very little organic soybean meal available, specially delivered from China, organic soybean meal from India is offered near $700 per metric ton delivered into Amsterdam.

The Precipitation in India is Expected to Improve

While the rains in India have not been evenly distributed, the bulk of India’s monsoonal precipitation has been well-timed and beneficial for crops in the majority of the nation according to World Weather. Most crop areas in India will continue to get…