The harvest of new-crop soybeans in the Quebec region is underway. Prices for immediate delivery trade near $31 per bushel. This price is in line with the new-crop levels in the Mid-West and, not surprisingly, is approximately the same distance to south-central PA as the central mid-West. There is some concern about local Quebec organic soybean prices as imports of organic soybeans into Montreal ports have been delayed. Shipping lineups into the United States do not show any bulk carriers (at the moment) coming into the United States with organic soybeans.

Conventional Soybean Harvest Bodes Well for Organics

The conventional soybean harvest is looking good, which bodes well for the organic crop. States that have seen a drought and might have been a concern as their production pertains to yield have outperformed. The USDA reports that the US traditional soybean harvest climbed 10 points to 16% complete.  This result as of late September is three points over the…