Organic corn prices remain stable, but bids in some parts of the Midwest have eased back to accommodate the unknown of new-crop pricing. We have heard bids as low as $9 per bushel for new crop and old crop, but most of the bids and offers are closer to $10 per bushel. The risk in this situation could be to the upside, as organic cracked corn imports could drop off.

The unknown is how grain and organic grain are going to make their way through the Black Sea region now that Russia has pulled out. Following the announcement that it would no longer take part in a grain deal; Russia attacked the Ukrainian Port of Odessa. Not only did the grain deal cap price volatility, but it also supplied important grains to many countries.

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