Organic Corn Prices Move HIgher

Organic Corn Prices Move HIgher

 

Organic corn prices in the western mid-west are edging higher and have pushed above $8 picked up and $8.25 delivered. The increase in the values of old-crop organic corn has been driven by demand from the West-coast. Organic corn prices in California have increased to $385 per short-ton, which equates to $10.78 per bushel. These prices are slightly higher than competing prices on the east coast, closer to $10-50-10.75 per bushel.

Organic corn prices have started to edge higher as imports have declined seasonally. Granted, the higher price of organic corn in the U.S. has made it more attractive to bring in imports compared with prices in the fall which were at lower levels. For the first six months of the current seasonal year, organic corn and organic cracked corn imports are down 40K metric tons or 1.5-million bushels. With feed demand rising at single-digit levels and imports likely to decline unless made up in the back half of the year, the-carryover will…

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