SLIDE 1
Org Organ anic Grai ic Grain Sup n Supply an ply and De d Dema mand nd Reg Regio ional Ana nal Analysis lysis
June 2019
Introduction
The Jacobsen believes that demand for US organic corn and soybeans will remain stable during the balance of 2019, while supply could be altered by an uneven harvest. We believe that the mid-west weather issues will have less of an effect on US organic soybean/meal supply due to the US’s dependency on imports. Imports of organic corn and organic cracked corn are projected to come in slightly lower during the 2018/2019 season compared to the 2017/2018 and 2016/2017 seasons. Organic corn and organic cracked corn imports make up approximately 23% of total supply and 23% of total use in the United States. This should remain unchanged for the 2019/2020 season. Imports of organic soybeans and soybean meal are forecast to rise by 7% for the 2018/2019 season. Imports of organic soybeans and soybean meal make up 68% of total supply and 74% of total use. Organic Soybean Meal imports should continue to increase during the 2019/2020 season. US acreage of organic corn planted was expected to increase by 5% according to the Jacobsen insight. Mid-west weather could reverse this and show a 5% decrease in acreage planted. A 20% drop in organic corn prices in the US during the past 10-months, appears to coincided with similar decline in Canadian milling wheat prices.