Grain Market Update

Added June 1, 2009

Corn Price Update

Upper Midwest (Des Moines, IA)
5/16/09
Organic grain and feedstuff prices were mostly steady on moderate demand and offerings with slow market activity, compared to two weeks ago.  Demand for feed grade soybeans has picked up over the past couple of weeks, pushing prices higher.  Planting progress continues to lag.  According to the USDA, as of May 17, 62 percent of the conventional corn crop was planted, down from the 5 year average of 85 percent.  North Dakota's corn planting progress was 23 percent versus 75 percent for the 5 year average.  Soybean planting progress was 25 percent completed, compared to the average of 44 percent.  

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

	5/16/09	April 2009	Mar 2009	1st  qtr 09	April 2008
Feed Grade Corn	7.05	7.45	7.59	8.16	10.26
Food Grade Soybeans		20.10	20.19	21.04	28.59
Feed Grade Soybeans	19.18	17.70	17.71	18.00	26.79
Feed Grade Oats	4.17	4.14	4.26	4.45
Feed Grade Barley	6.08	6.09	7.27	7.55	8.00
Food Grade Wheat			9.81	10.14	25.00
Feed Grade Wheat	7.11	7.66	7.62	7.89	15.75
Feed Grade Rye
Feed Grade Peas				11.91	13.50
Feed Grad Golden Flax
Organic Alfalfa - Premium	155-160/ton
Organic Alfalfa – Good
Organic Alfalfa – Utility

Eastern Cornbelt (Springfield, IL)
5.16.09
Compared to two weeks ago, organic grain and feedstuff prices were mostly steady.  Demand was light to moderate for heavy offerings. Feed grade corn was lower on ample supplies.  Wet conditions in the
Eastern cornbelt has dragged producers behind planting activities. According to the USDA, as of May 17, in Illinois only 20 percent of the conventional corn crop has been planted, compared with 92 percent for the 5-year average.  Just the same in Indiana, with 24 percent of the corn crop has been planted versus 83 percent for the 5-year average.
All prices FOB price per bushel except where stated (trucking cost needs to be added)

	5/16/09	April 09	March 09	1st qtr 09	May 2008
Feed Grade Corn	7.97	8.23	8.57	8.80	10.04
Food Grade Wheat	10.30	10.30	10.25	10.25	21.53
Feed Grade Wheat	6.76	7.01	7.82	7.94
Feed Grade Barley	6.54	6.28	7.23	7.62
Feed Grade Soybeans	19.83	18.56	20.64	21.38	26.75
Soybean meal/ton				880/ton
Feed Grade Oats			5.21	5.24	5.68
Organic Alfalfa – Good
Organic Grass Hay – Utility

 

Northeast Organic grain price 2005-2009

Year	12% CP Grain	16% CP Grain	18% CP Grain
2005	$                   310	$                     330	$                   349
2006	$                   350	$                     380	$                   395
2007	$                   360	$                     393	$                   412
2008	$                   547	$                     588	$                   608
2009	$                   525	$                     538	$                   565
% increase 2005-2009	73.22%	78.18%	74.21%

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