Organic corn prices remain heavy, and the coming harvest will likely further weigh on prices. The potential damage to crops in Iowa will likely be offset by a bumper crop in Minnesota according to Merchandisers. Prices are hovering near the $6.50 level, with bids closer to $6 picked up at the farm. The Jacobsen currently sees the carryover at 3.3 million bushels with less than 2-months before the old-crop season is complete. There have been few contracts for new-crop reported recently but getting back to the $7-handle could be a challenge.

Organic Animal Proteins Take a Large Piece of the Pie

Organic animal proteins (organic chicken, organic eggs, organic dairy) sold at supermarkets and big-box stores are has grabbed a larger piece of the pie according to The Jacobsen. Despite this upward trend, there has been little upward movement driving organic prices.  While food services continue to suffer and the supply chain remains fragmented,…