How Much Will  the Derecho Winds Impact Organic Corn Prices?

How Much Will the Derecho Winds Impact Organic Corn Prices?

 

While it is unlikely that the Derecho winds in Iowa will lift organic corn prices, and organic soybean prices there might be some reason for concern for mid-western consumers. Iowa agricultural secretary Mike Naig said that approximately 40% of the state’s farmland was impacted by the Derecho winds. He said the hurricane-force winds (some up to 90-miles an hour) may have impacted roughly 10 million acres of Iowa farmland and destroyed million of bushels worth of grain storage. Iowa is the nation’s top corn producer and a top soybean producer, as well as the top organic corn producer.

The storm raced across the I-80 corridor and appears to have impacted the areas near Iowa city up to Cedar rapids moving west and east. The Jacobsen sees most of the organic corn crop in Iowa around Johnson county which was right in the thick of the storm-force winds. In the areas that were impacted approximately 2.5-million bushels of harvest forecast for the 2020/2021 harvest….

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

05.14.2024

LCFS credit trading volumes, prices decline on week

LCFS credit trading volumes, prices decline on week

California Low Carbon Fuel Standard (LCFS) credit volumes declined sharply while the average credit price moved lower in the week ended Sunday May 12, according to the figures released...

05.14.2024

Animal fats prices steady on the week; Weekly average DCO 36.89% under three year average

Animal fats prices steady on the week; Weekly average DCO 36.89% under three year average

Animal fats prices were flat on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the Fastmarket’s Biofuels...

05.14.2024

Dog, cat food exports for Q1 2024 drop in price, volume year on year

Dog, cat food exports for Q1 2024 drop in price, volume year on year

Animal proteins prices were steady to lower on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the...

Latest Tweets