Mexico’s proposed ban on genetically modified corn is sending mixed signals to organic grain markets.
Ryan Koory with Argus Media says for a more pessimistic situation, take $7 organic corn in the U.S.
“If you wind up with a situation where you have $6.50 non-GMO to ship to Mexico, well then you might start looking at that as an opportunity because you’re getting close to that price parity.”
If non-GMO prices are closer to $5 a bushel and organic is closer to $8, he tells Brownfield most buyers will look elsewhere.
