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…

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