Mercaris Auctions and News July 2015
Upcoming auctions, recent price trends, news stories -- there is plenty happening at Mercaris and in the non-GMO & organic grain markets. One big announcement is that we are launching our NEW website at the beginning of August.
Mercaris will be holding transitional organic oat auction out of Michigan for about 15,000bu in late August. For full specs and samples contact Lizzie, info below.
Are you a buyer interested in posting a standing bid on our auctions platform for a portion of your new crop organic or Non-GMO needs? Let Mercaris bring the sellers to you!
Interested in hosting your own auction or participating in an existing auction? Please contact Lizzie Ekeberg at 651-402-4210, or via email at Lizzie.Eke[email protected]
JULY PRICE TRENDS
Corn and soybeans have trended lower across the board for the month of July with adequate old crop supplies adding negative pressure.
- Non-GMO feed-grade corn finished out the month at an average Midwest price around +.25/bu.
- The National average for Organic feed-grade corn was down about .40/bu from last month.
- Organic and Non-GMO soybean price info is limited due to limited trade activity.
- Feed-grade organic wheat trended higher from last month, with the national price up about .20/bu.
Look for yourself → visit the Mercaris website to see our data subscriptions.
ORGANIC AND NON-GMO IN THE NEWS
Non-GMO product use continues to grow
Data from the Natural Marketing Institute shows that the use of food labeled as Non-GMO rose to 59% of the U.S. population in 2014, which is up from 53% in 2013 and 37% in 2012. 55% of the surveyed participants said they would be less likely to buy a product if it contained bioengineered ingredients. See the link to the full article here
U.S. and Switzerland form organic trade partnership
The USDA announced that the U.S. and Switzerland have formed a partnership that will recognize the two countries' organic programs as equivalent, which will streamline organic trade and market access between the two countries. See the link to the full article here