Organic corn prices remain stable in the mid-west hovering just above the $7 level. Prices in Illinois are priced as high at $7.35 and closer to the $7.1 level in the Western Iowa region. Organic corn prices in the Pennsylvania region are trading near the $9.50 level, bid near $9.25, and offered at $9.75. With rail costs from the mid-west to the east coast near $2.25 per bushel, this level appears to be in line with value.
According to official customs data, organic corn imports eased in November, declining 41% year over year compared to the same period in 2019. The rise in organic corn imports was in line with The Jacobsen’s expectations. For the 12-months ending November of 2020, organic corn imports rose 8% year over year, hitting 206K metric tons of…
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