The organic soybean market has become very opaque. Prices appear to range from bids $35-$38 and few offers. Except for some farmers that held on to their old crop soybeans, there does not seem to be very many domestic organic soybeans around. There are some soybeans expected to come down from Canada during Q1. Recall, in November 2021, approximately 22K metric tons of organic soybeans were imported into the United States. 45% of this shipment came from Argentina; the balance came from Russia, Ukraine, Canada and India. Shipments in January could come from Russia as well. In January of 2021, about 7.5K metric tons of organic soybeans were imported into the United States from Russia.

Corn Cracked Corn Might be on its Way

Organic corn imports are expected to arrive in the United States in January. According to the Morehead city and Willmington sailing schedule, the bulk carrier Sara is en route to Ukraine and will port at Morehead City on January 25,…