Organic Corn Prices are Stuck as Transportation Cost Rise

Organic Corn Prices are Stuck as Transportation Cost Rise

 

Organic corn prices are steady with little activity to report. Prices delivered in the mid-west remain near $7.25, making it difficult for a farmer to receive $7 per bushel.  Organic corn in the Pennsylvania region is steady at $9.50/$9.60 per bushel or $340/$350 per short-ton. Transportation costs throughout the United States have picked up. Gasoline and diesel prices have also increased, making it more challenging to achieve the desired price. Diesel prices have increased 18% on average since the beginning of December and nearly 11% since the beginning of January. The rally in the conventional grain space has also buoyed gasoline and diesel prices, as they are used as additives in the form of ethanol and biodiesel.  Since most of the demand for organic corn is on the coast, either PA, NY, NC, or California, transportation is key to the price that a…

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

04.24.2024

Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales

Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales

A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.

04.24.2024

Seasonal maintenance slows US DCO production

Seasonal maintenance slows US DCO production

The distillers’ corn oil (DCO) market was quiet in terms of reported volume, but sources said that it was “moving under 40” in reference to the FOB values for...

04.24.2024

USDA’s APHIS issues federal order concerning HPAI in lactating dairy cattle

USDA’s APHIS issues federal order concerning HPAI in lactating dairy cattle

Fastmarkets assessed

Membership required to view content.
at $370-420 per short ton on Wednesday, widening downward from $380-420 per ton on Tuesday April 23.

And Fastmarkets’ price assessment for
Membership...

Latest Tweets