Mid-West Organic Corn Prices Continue to Edge Higher

Mid-West Organic Corn Prices Continue to Edge Higher

Organic corn prices have seen a swift rise in prices over the past few weeks. Merchandisers have told Fastmarkets/The Jacobse that there have been few trades, and liquidity has been soft. Farmers appear to be holding organic corn in bins, and bullish sentiment has returned. Elevators in Minnesota, Iowa, Illinois, Indiana, and Ohio have also seen prices move above $10 per bushel.

Wisconsin, which has a solid crop, is one of the few places where prices are still near $10 per bushel. While storage facilities are still trying to purchase organic corn below $10, farmers do not seem to be willing to let their old crops go for these levels as the board continues to rise and drought points to higher prices. There are now thoughts that higher rail car rates might impact new-crop on the coasts. Generally, the railroads increase rates by approximately 4% per year. With trucking rates at higher levels, consumers on the Coasts could face a doubling of these levels.

The bullish…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Request a Free 7-Day Trial


    Please enter the level or reporting you're most interest in.
  • Hidden

    Please select the area in which you are most interested in our reporting.
    Please select all areas of secondary interest to you.

  • Must be between 10-26 characters. Including 1 number, 1 capital letter, 1 lower case letter, and 1 special character.
  • Hidden
  • Hidden

*all fields required

More from the author

05.19.2021

Organic Soybean Prices Rise as Demand Remains Positive

04.29.2021

Organic Poultry Demand Remains Strong

04.22.2021

Organic Soybean Meal Anti-Dumping Case Dates Reported

Blog

07.16.2021

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend    

Vegetable oil prices extended higher on Friday, with U.S. soybean oil futures up again on bean oil/meal spreading as well as...

06.23.2021

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Vegetable oil prices were higher on Wednesday, with overnight gains in palm oil futures driven by bargain buying supporting...

06.04.2021

What’s Ahead in the FOG Markets?

What’s Ahead in the FOG Markets?

Rising Tide – What’s Ahead in the FOG Markets Ryan Standard, Fastmarkets / The Jacobsen The following video is a capture from The Jacobsen Fuels & Feedstocks Virtual Conference...

Latest Tweets