European organic corn prices remain steady, trading near 300-euros per metric ton FOB Constanta. Organic feed wheat is also holding steady at a discount to organic corn at 245 per metric ton FOB Constanta. European Organic soybean meal is now hard to find again, and consumers are unwilling to lock in higher prices. This phenomenon is similar in the United States.   In the United States, organic corn prices remain stable ahead of the harvest, but prices on the coast continue to stay elevated. Organic corn in the PA region is offered at $425 per short ton.

Retail Sales Favor More Demand

The spread of the COVID virus seemed to generate a net benefit for organic food and feed sales. Despite the increase in restaurant and bar deals in June, retail sales at grocery stores continued to edge higher. According to the U.S. Commerce Department, grocery store sales in the United States increased by 2.4% year over year. The only month in 2021 was a…