Organic corn prices are getting as lift farmers continue to hold their corn in bins, waiting for prices to rise. New crop prices above $675 are getting farmers interested and Jacobsen has heard bids near $6.50 and offers near $7.50. Activity is light but a few transactions have taken place near $7 per bushel for Q1 organic corn in Illinois and Indiana according to merchandisers.
Organic corn chip sales continue to trend higher and appear to be grabbing a larger piece of the corn chip pie. The pandemic has led to a robust increase in corn chips across the United States at supermarkets and big-box stores according to The Jacobsen. Organic corn chips sales in the US have increased from approximately 0.25% in 2016 to nearly .5% of the total chip sale in the US…
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