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Grain Market Update

Added May 17, 2010

Corn Price Update
May  2010
Upper Midwest (Des Moines, IA)
5/2/10

Trading in organic grain and feedstuff prices were lower with light demand than in February.
Offerings of grain were moderate with good availability. Wheat mids were reported $140-$160 per ton. While some producers still report that their grain bins are full due to an excess of corn and wheat in the market, organic grain prices have again declined this period, with many factors playing a role - the most predominant being the current state of the economy.
Monthly and fourth quarter average prices are located below.

All prices FOB price per bushel except where stated (trucking cost needs to be added)


                                             

5/1/10

March 10

Feb 2010

Jan 10

1st qtr 10

May 2009

Feed Grade Corn

4.81

5.47

5.49

5.45

5.46

7.42

Food Grade Soybeans

18.51

19.81

 

20.98

20.66

 

Feed Grade Soybeans

15.90

16.60

17.10

15.82

16.37

19.18

Feed Grade Oats

 

3.16

 

3.16

3.41

4.17

Feed Grade Barley

3.30

 

4.42

4.71

4.6

6.08

Food Grade Wheat

 

10.17

 

 

9.22

 

Feed Grade Wheat

4.10

 

 

4.70

4.66

6.99

Soybean meal

 

768/ton

755/ton

781/ton

760/ton

 

Feed Grade Peas

8.35

8.31

8.33

 

8.67

 

Organic Alfalfa - Premium

 

 

 

 

 

190-200/ton

Organic Alfalfa – Good

 

 

 

 

 

125-135/ton

Eastern Cornbelt (Springfield, IL)
5/2/10

Compared to last month, organic grain and feedstuff prices were lower with light demand.  Trading activity was slow, especially as more farmers busy planting than selling grain.  With grain inventories near capacity, end users are unwilling to buy ahead with the potential of lower prices.  This has limited buying interest for organic grains and has helped to pressure organic grains lower.

All prices FOB price per bushel except where stated (trucking cost needs to be added)

                                              

5/1//10

March 10

Feb 2010

Jan 10

1st qtr 10

May 09

Feed Grade Corn

5.51

5.98

6.25

6.01

6.10

7.9

Food Grade Wheat

 

 

6.55

6.52

7.31

9.67

Feed Grade Wheat

5.60

5.00

5.73

5.77

5.72

6.76

Feed Grade Barley

4.90

4.90

4.65

4.38

4.75

6.54

Feed Grade Soybeans

16.79

17.08

17.08

16.68

16.91

19.94

Soybean meal/ton

 

782/ton

771.07

758/ton

770/ton

 

Feed Grade Oats

 

3.34

3.6

3.21

3.41

4.15

Organic Alfalfa – Good

 

 

 

 

 

 

Organic Grass Hay – Utility

 

 

 

 

 

 


 

 

v

 

Northeast Organic grain price 2005-2010


Year

12% CP Grain

16% CP Grain

18% CP Grain

2005

 $                   310

 $                     330

 $                   349

2006

 $                   350

 $                     380

 $                   395

2007

 $                   360

 $                     393

 $                   412

2008

 $                   490

 $                     565

 $                   598

2009

 $                   540

 $                     585

 $                   620

2010

 $                   460

 $                     480

 $                   509

% increase 2005-2008

58.06%

71.21%

71.35%

Located below are the links to latest organic price reports.
Upper Midwest Organic Grain and Feedstuff  http://www.ams.usda.gov/mnreports/nw_gr113.txt
Eastern Corn Belt Organic Grain Feedstuff  http://www.ams.usda.gov/mnreports/gx_gr120.txt
National Hay, Feed & Seed Weekly Summary  http://www.ams.usda.gov/mnreports/lswfeedseed.pdf
National Organic Grains and Feedstuffs: http://www.ams.usda.gov/mnreports/lsbnof.pdf