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

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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…

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