U.S. prices for organic soybeans used to feed livestock and manufacture soy milk have surged to record highs, triggering downstream price increases for food such as organically raised chicken, and coming as global food prices have risen to their highest levels in a decade.
Prices for organic soybeans delivered in the U.S. Midwest in September reached about $33 per bushel, topping the previous record of about $25 per bushel from 2014 to 2015, according to commodity data firm Mercaris, which offers more frequent reports than the U.S. Department of Agriculture (USDA).
