Organic soybean prices have largely moved sideways through 2024, holding their value around the $20/bushel mark, according to Fastmarkets’ published pricing for “Soybeans -Organic, Feed Midwest”.
There is some question about the size of the organic soybean crop this year, with organic corn often being a safer bet for growers. The University of Minnesota Cooperative Extension found the average net return for organic corn to be about twice that for organic soybeans in 2020. The average organic corn acre returned nearly $500/acre, while soybeans just over $250/acre.
Although organic soybean imports have continued to flow in 2023, there has been some decline year to date compared with the same period in 2023. There were 88,930 tonnes of organic…
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