An ag economist says the organic soy market has developed a mind of its own with a rapid increase in organic soy prices and imports at the same time domestic supplies are stable.
“We really can’t point a finger specifically to what it is.”
Ryan Koory with Mercaris tells Brownfield for March, organic soybeans have been priced from $22-$29 per bushel, with the highest prices in the spot market.
“I’ve heard organic soybean meal quoted at $1,300 a short ton which is substantially higher than what we’ve seen in the past,” he explains.