Organic Corn Imports Continue to Trend Higher; But for How Long?

Organic Corn Imports Continue to Trend Higher; But for How Long?

 

Organic corn prices remain stable in the mid-west hovering just above the $7 level. Prices in Illinois are priced as high at $7.35 and closer to the $7.1 level in the Western Iowa region. Organic corn prices in the Pennsylvania region are trading near the $9.50 level, bid near $9.25, and offered at $9.75. With rail costs from the mid-west to the east coast near $2.25 per bushel, this level appears to be in line with value.

Organic Corn Imports Remain in an Uptrend

According to official customs data, organic corn imports eased in November, declining 41% year over year compared to the same period in 2019. The rise in organic corn imports was in line with The Jacobsen’s expectations. For the 12-months ending November of 2020, organic corn imports rose 8% year over year, hitting 206K metric tons of…

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