Lower than anticipated organic whole corn imports from Argentina and slowed organic soybean imports from Argentina and Russia have set the 20/21 marketing year off to an interesting start, according to the Mercaris Monthly Update released today.
Mercaris’ organic import data indicates that over the first three months of the 2020/21 marketing year organic corn imports were down 62 percent year over year, while organic soybean imports were down 8 percent year over year. In contrast to organic corn and soybeans, soybean meal imports have surged since the start of the marketing year, up 156 percent year over year, and far exceeding anticipated growth.
“We’re starting to see some trends that may lead to U.S. organic feed grade soybeans beginning to feel price pressure” says Ryan Koory, director of Economics at Mercaris. “November marks the third consecutive month of significant year over year growth in imports.”
In addition to its monthly reports, Mercaris has a full suite of tools available to those looking for more analysis on imports and additional segment-specific reports, like the Dairy Market Analysis, which debuted in late November. The new dairy analysis helps address critical market information for the organic dairy sector that was previously lacking for the industry.
To access a copy of the December Monthly Market report, which includes insights into organic feed and livestock sectors, the Dairy Analysis, or additional information on the additional tools offered through Mercaris, visit Mercaris.com.
Mercaris has helped its customers capitalize on the growing demand for organic and non-GMO agriculture by providing market intelligence, analysis, and trading services exclusively for the identity-preserved agriculture industry.