Organic corn prices continue to experience limited activity ahead of new crops. Merchandisers tell Fastmarkets that activity picked up in late August and early September as end-users looked to cover Q4 exposure and are now waiting before they cover Q1 ahead.  The inventory-as-you-go scenario remains in place as so many end-users saw higher prices as unsustainable. The bid-offer spread continues to widen as end-users continue to wait for prices to fall further. Most growers are looking for higher levels, but a few are selling old crop for low bids, especially in areas in the Midwest where expectations of normal crop production are expected.

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