Recurring price, basis, supply, and market-direction briefs for organic and conventional commodity teams.
Organic yellow corn Midwest feed-mill spots averaged $13.75/bu (range $11.25-$16.25), up $0.09 week over week, while national/Central elevator bids held steady at $12.00-$13.00 delivered. A two-tier corn structure persists: mills are pulling farm/country stocks at firmer delivered handles, but discounted F.O.B. grower forwards (avg $11.09) and a downward curve into late 2026 point to ample deferred supply. Corn Belt nearby tightness versus later coverage is stark, with current feed-mill values near $13.75-$16.22 versus Oct26-forward elevator bids near $9.75-$12.65. No USDA AMS organic soybean
Global conventional soybean benchmarks remain the primary valuation anchors, spanning roughly $371.57-$442.45 per metric ton on FRED and $404-$473 per metric ton on World Bank prints, for a mid-$370s to high-$470s corridor. Domestic U.S. #1 soybean cash bids and futures settlements are sparsely populated this cycle, so international spot series provide the usable numerical reference until local averages repopulate. USDA feeder cattle listings carry no reported minimum, maximum, or average prices, leaving conventional feeder price discovery effectively blank in this pull. Conventional dairy pow
Midwest organic corn spot prices at feed mills jumped to $14.52 per bushel (+$1.33 WoW) on tight nearby demand, while national country-elevator spots eased to $12.61 (-$0.52), widening the end-user premium. Deferred organic corn supply pressure is building: 2026-27 country-elevator forwards average roughly $9.86-$10.11 per bushel versus firmer August 2026 Midwest feed-mill forwards at $15.58. Feed-mill bids continue to outpace elevator channels on both spot and nearby forwards, signaling steady organic livestock and poultry ration demand rather than elevator accumulation. Organic soybean meal
Global soybean prices traded in a $368.57-$439.15 per metric ton band, with the latest print near $414.54 signaling a moderate pullback from the $439.15 peak while remaining above the $368-$372 floor. U.S. cash soybean discovery stayed anchored to standard elevator and processor delivery points, but unpopulated USDA bid min/max/avg fields blocked direct cash-quote comparison for the week. Export-elevator forward windows extended into October-November 2026 and December 2026-January 2027, confirming ongoing use of deferred delivery slots. Feeder cattle cash prices could not be quantified, as USD
Organic yellow corn spot averages firmed to $13.72/bu (+$1.00 WoW) at feed mills while dealer forward nets fell $2.14 to $9.98/bu, leaving a two-tiered market between tight nearby cover and softer deferred bids. Corn quotes spanned a wide $8.90-$16.25/bu band, with grower bids to feed mills at $10.00-$16.25 drawing selective farmer selling where basis is strongest and elevator/forward slots seeing lighter movement. Organic soybean meal averaged $947.21 per short ton F.O.B. crush (range $865.00-$1,040.00), down $1.51 WoW, with July 2026 base forwards quoted at a modest discount of $935.00. USDA
Global soybean benchmarks eased from peaks above $430 per metric ton into a recent $414.54-$426.60 range (FRED PSOYBUSDM span $368.57-$439.15), reflecting ample Southern Hemisphere supply and steady crush demand. U.S. conventional cash structure remains anchored to US #1 soybeans at export elevators, country elevators, and processors, with merchant forward bids posted into October-November 2026 and December 2026-January 2027. Interior basis versus the softer international tone will continue to set local soybean values, as granular elevator averages were largely unreported in the latest USDA da
U.S. soybean benchmarks ranged from $425.29-$439.15 per metric ton at major elevators, supplying reliable anchors for export margins where USDA bids showed null prices. Corn traded at $214.52-$215.62 per metric ton and wheat at $193.88-$220.88 per metric ton, aligning with national conventional delivery points for processor demand assessment. Buttermilk powder prices held at $1.54-$1.85 per pound and nonfat dry milk at $1.50-$1.91 per pound F.O.B., reflecting firmer conventional dairy powder markets across regions. Dry whole milk quoted at $2.09-$2.29 per pound nationally while central-region
Organic corn shows wide price dispersion from $8.90-$16.25 per bushel nationally, with Midwest grower bids at $10.50-$12.50 per bushel for October 2026-April 2029 delivery and dealer forwards reaching $16.25 per bushel. Organic soybean supplies face upward pressure from delayed South American vessel arrivals and limited domestic stocks, though no USDA MyMarketNews prices are available for benchmarking. Organic soybean meal forward contracts hold at $935 per ton for July 2026 delivery while spot transactions average $947.21 per ton after a $1.51 week-over-week decline. Hard red spring wheat for
Weekly Report — Week of June 29, 2026
Organic corn national forward-contract prices averaged $11.78 per bushel and declined $0.69 week-over-week, with Midwest spot sales at $11.94 per bushel, as supply shortfalls offset reduced poultry feed demand from avian influenza. Organic soybean meal spot prices averaged $948.72 per short ton and rose $11.34 week-over-week across Midwest and national markets, while July-September 2026 forward contracts held at $944 per ton F.O.B. USDA reported no organic soybean transaction prices, creating a persistent data gap that prevents quantification of regional spreads or short-term momentum for buye
Organic corn prices show significant margin opportunities with dealer forward contracts commanding $10.78/bushel versus grower F.O.B. contracts at $8.49/bushel, reflecting a $2.29 spread driven by value-added services and logistics challenges. Northeast organic corn markets trade at substantial premiums of $12.81-$13.72/bushel compared to Midwest pricing of $8.35-$11.00/bushel, indicating strong regional arbitrage opportunities despite transportation costs. Organic soybean supply constraints have reached critical levels with no USDA price reporting activity and Midwest grower inventories below
Organic corn prices exhibited significant volatility with Midwest grower forward contracts surging $0.73/bushel to $9.43 while national F.O.B. prices declined $0.19/bushel to $8.49, creating substantial regional arbitrage opportunities and delivery premium spreads of up to $1.25/bushel. Feed mill procurement activity intensified following avian influenza outbreaks in conventional operations, driving organic egg producers to expand capacity and increase corn consumption, while USDA investigations into Eastern European import practices may tighten domestic supplies through Q2 2026. Organic soybe
Organic corn prices show significant volatility with bid ranges widening from $8.25-$11.00 per bushel as buyers compete for limited stocks, while dealer forward contracts command $1.00-$2.00 per bushel premiums over F.O.B. grower sales due to transportation bottlenecks. Regional price disparities are extreme, with Northeast forward contracts averaging $13.72 per bushel compared to Midwest grower prices at $9.80 per bushel, indicating severe supply constraints in key consumption areas. Bird flu disruptions in conventional poultry operations are driving additional organic corn demand as producer
Organic corn national grower forward contracts averaged $14.51 per bushel for June-September 2026 delivery, with Midwest feed mill bids steady at $14.00 per bushel F.O.B. Organic soybean markets face upward price pressure from tight domestic supplies and delayed imports from India and Brazil, with no USDA transaction data reported for the period. Organic soybean meal spot prices averaged $947.21 per short ton across Midwest and national crush facilities, within a $865-$1,040 per short ton range. Hard Red Spring organic wheat bids held firm at $13.50 per bushel for country elevator delivery, wh
U.S. soybean cash benchmarks for October 2026-January 2027 deliveries list null values for price_min, price_max, and price_avg across all elevators and processors, blocking quantitative assessment of market changes. Corn and soybean basis strengthened for the week ending June 15, 2026, as Gulf and Pacific Northwest premiums widened against Northern Plains discounts. Feeder cattle cash prices show no reported values for steers, heifers, or bulls on an F.O.B. basis in the latest USDA national snapshot. Buttermilk powder held steady at 1.75-1.90 dollars per pound in both West and Central/East U.S
USDA soybean cash price benchmarks remain unreported with all price_min, price_max, and price_avg fields null across export elevators, country elevators, and processors. Market participants must rely on futures curves and localized bids until the next USDA reporting cycle refreshes the null grain and oilseed data. Feeder cattle cash prices show no observable levels or regional differentials as all USDA price fields remain null for steers, heifers, and bulls. Buttermilk powder trades at $1.77-$1.89 per pound in Central and East regions versus $1.78-$1.92 per pound in the West. Nonfat dry milk r
Organic corn spot prices rose $0.47-$2.10 per bushel week-over-week, reaching $12.00-$13.25 delivered in Midwest and Northeast markets while forward contracts for October 2026-March 2027 averaged $10.00 per bushel. Organic soybean meal imports from India to U.S. ports increased 147 percent, supporting national crush-facility prices at $937.38 per ton even after an $11.11 weekly decline. No organic soybean prices appeared in USDA MyMarketNews data, leaving buyers without benchmarks amid thin Midwest stocks and elevated import flows. EPA's finalized 2026-2027 Renewable Fuel Standards raise bioma
Conventional US #1 soybean cash bids showed no established averages or ranges at major delivery points for the week of April 27, 2026, indicating thin trading and limited price discovery ahead of harvest. Market participants should monitor futures curves and external basis commentary for soybean pricing guidance, as internal cash bids remained unreported across Iowa and South Carolina locations. Buttermilk powder prices firmed week-over-week to $1.74–1.89/lb in Central/East and $1.75–1.92/lb in the West for the week of May 11, 2026. Dry whole milk traded at $2.05–2.65/lb nationally FOB, while
Weekly Report — Week of May 11, 2026
Organic corn prices surged with dealer forward contracts jumping $1.27 per bushel to $12.24, signaling supply tightness as farmers withhold inventory ahead of spring planting decisions. Feed mill activity intensified following poultry expansion announcements, with integrators securing forward contracts through summer to avoid supply disruptions in key organic production regions. Organic soybean markets face severe supply constraints with no reported cash transactions and crushing operations reducing run rates due to margin compression from elevated bean costs. Import pipeline delays from South
Organic corn prices strengthened significantly with Midwest forward contracts up $0.40 to $10.07/bushel and Northeast premiums reaching $12.75/bushel due to regional supply constraints and steady feed mill demand despite avian flu pressures. Organic soybean markets face critical supply shortages with zero USDA-reported transactions, forcing domestic crush operations below capacity with negative margins while Brazilian imports face container delays pushing deliveries from March-April into May. Current organic corn spot prices trade at a $1.02/bushel premium over forward contracts ($10.38 vs $9.
Organic corn prices showed significant regional disparity with Northeast markets commanding $2.75-$3.00 premiums over Midwest levels ($12.75-$13.00 vs $10.00 per bushel), indicating persistent transportation bottlenecks and supply constraints in eastern markets. Forward contracting activity increased substantially as organic corn growers moved inventory due to bin space constraints, with national forward contract prices rising $0.36 per bushel week-over-week to average $8.98 per bushel. Organic soybean markets face critical supply shortages with Iowa and Illinois on-farm stocks at 15-year lows
