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Grain Market Update

Added November 11, 2009

Corn Price Update

Upper Midwest (Des Moines, IA)
10/31/09

Organic grain and feedstuff prices were mostly steady with moderate demand and offerings.  Wet conditions continue to slow down farmers in the fields, and talk of a long harvest is prevalent.
According to USDA NASS, only 25 percent of the conventional corn crop has been harvested, compared to 53 percent on November 1, 2008.  Soybeans are 51 percent harvested, compared to 85 percent one year ago.

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


                                             

10/31/09

Sept 2009

Aug 09

3rd  qtr 09

Oct.2008

Feed Grade Corn

5.47

5.68

6.20

6.18

10.06

Food Grade Soybeans

18.97

19.52

 

19.52

25.60

Feed Grade Soybeans

17.4

17.98

19.37

18.94

23.04

Feed Grade Oats

3.61

3.07

3.70

3.48

4.66

Feed Grade Barley

 

6.25

5.81

5.99

7.23

Food Grade Wheat

6.59

7.62

 

7.83

 

Feed Grade Wheat

6.43

6.30

6.07

6.12

9.45

Soybean meal

823/ton

855/ton

929/ton

910/ton

 

Feed Grade Peas

9.89

10.47

11.57

11.12

13.83

Feed Grade Barley

4.43

 

5.81

5.99

 

Organic Alfalfa - Premium

 

160-170/ton

 

 

 

Organic Alfalfa – Good

 

 

 

 

 

Eastern Cornbelt (Springfield, IL)
10/31/09

Organic grain and feedstuffs traded mostly steady with demand and offerings light to moderate. Trading activity was sluggish as end users have a lot of questions about the condition of this year's crop.  Saturated field conditions and high moisture levels are some of the factors that has hampered harvest activity.  However, forecasters are predicting a drier weather outlook which should allow for corn and soybean harvest to improve. Indications for new crop feed grade corn ranged from 5.00 to 6.50 per bushel.  Feed grade soybeans ranged from 16.00 to 18.00 per bushel. 

Most of the Cornbelt has experienced plenty of moisture this summer which has produced some poor quality of wheat.  Confirmed cases of wheat affected with vomitoxin and sprouting has spread throughout the eastern states.

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


                                             

10/31/09

Sep 09

Aug 09

July 2009

3rd qtr 09

Oct 08

Feed Grade Corn

6.32

6.94

7.02

7.76

8.00

10.30

Food Grade Wheat

 

 

 

9.00

9.77

15.50

Feed Grade Wheat

5.80

5.79

5.92

7.63

6.84

10.34

Feed Grade Barley

 

6.25

5.16

5.33

6.49

7.47

Feed Grade Soybeans

17.94

20.38

19.82

20.38

19.11

22.48

Soybean meal/ton

817/ton

855/ton

929/ton

948/ton

911/ton

960/ton

Feed Grade Oats

3.53

3.53

3.71

3.57

3.89

5.60

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

 $ 400

 $  500

 $ 540

% increase 2005-2009

29.03%

51.52%

54.73%

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