Higher Rail Rates Will Generate a Further Divergence in Organic Corn Location Basis

Higher Rail Rates Will Generate a Further Divergence in Organic Corn Location Basis

Organic corn prices have ticked higher, with bids across the country at or above $10 per bushel. The least expensive area of the United States was the Wisconsin region, but now even their prices are bid at $10. We have slightly altered our organic corn forecast due to several factors impacting organic cracked corn future deliveries. You can read about this in our

Membership required to view content.
.

A Further Divergence in Prices is Coming

The divergence in prices between the coast and the mid-West remains wide, and it will likely become even more expansive. Organic corn on the East Coast is trading near the $450-$460 per short-ton level, about $2.60-$2.70 per bushel higher than in the mid-West. Organic corn prices on the West Coast are even higher, trading near $480 per short ton. The difference in prices reflects transportation costs which are likely to climb even higher come new crop. One of the…

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

Blog

03.27.2024

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois is looking to become the fifth sate to create a clean fuel transportation standard. The Illinois version, if passed, may not be as robust as the ones...

03.27.2024

Sellers see steady to higher prices on interior market trades

Sellers see steady to higher prices on interior market trades

Distiller’s corn oil (DCO) traded higher into the Manly, IA market today, topping out at a high of 47.75 cents lb. Trading into the Gulf and on an FOB...

03.27.2024

Aprill broiler slaughter forecasted below 2023

Aprill broiler slaughter forecasted below 2023

The proximity of the extended Easter holiday weekend kept some participants off the market at mid-week, leaving values generally steady.

Poultry by-product pet grade was reported lower in...

Latest Tweets