Prices for organic corn and soybeans have remained relatively steady as market participants watch carefully for clear market signals. Falling interest rates have helped to get buyers off the sidelines, but potential regional supply issues have provided even more impetus.
Still, merchandisers tell Fastmarkets that many end users have continued with just-in-time buying. Some buyers have encountered rising prices as they do this. Other traders have been busily originating organic corn and soybeans to bolster their supply amid import uncertainty.
The import uncertainty partly stems from National Organic Program (NOP) enforcement through the SOE program. Behind the scenes, NOP has been busily leveraging their new powers to root out fraud in organic markets.
Markets have responded as if there are alternative supplies, and that has been true before…
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