Organic grain sales activity is slow. There is barely any new crop corn or soybeans selling. Organic corn prices are still hard to purchase below $10 in the mid-West, although there are reports of lower bids and small activity.  Truck rates still make these levels difficult to engage in logistic arbitrage from the Midwest. With truck rates still near $4 per loaded mile and rail rates remaining elevated due to higher crude oil prices, it’s hard to see organic corn selling at meaningfully depressed levels.

Organic corn prices on the East Coast have recently traded near $430 but there are few bids. Organic corn continues to make its way south from Quebec, as Canadian farmers prepare for new crop. As we recently reported there was no organic cracked corn that entered the United States in May. In early July the…