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Grain Market Update, September 2010

Added September 6, 2010

Corn Price Update, September 2010
Upper Midwest (Des Moines, IA)
8/25/10
Organic grain and feedstuffs prices were trading very firm on moderate offerings and light to moderate demand. Food grade wheat trade remains very limited in the Upper Midwest while feed grade barley was more active throughout the region this period. While reports of "sudden death" in conventional soybeans are quite prevalent as of late, reports of critical issues in organic beans have been reported by some farmers with a few plowing them under because of weed pressure.
Monthly and fourth quarter average prices are located below.

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

8/20/10

July 10

June 10

May 10

April 10

2nd qtr 10

Aug 09

Feed Grade Corn

4.59

4.38

4.57

4.6

4.58

4.58

6.20

Food Grade Soybeans

18.97

20.45

22.25

19.01

19.63

Feed Grade Soybeans

16.17

16.54

16.59

16.48

15.99

16.20

19.37

Feed Grade Oats

2.81

3.21

3.21

3.70

Feed Grade Barley

3.86

3.62

3.47

3.91

4.42

3.58

5.81

Food Grade Wheat

10.17

7.55

Feed Grade Wheat

4.44

4.59

5.65

Soybean meal

747/ton

763/ ton

768/ton

715/ton

757/ton

Feed Grade Peas

7.96

8.42

8.24

8.24

11.57

Organic Alfalfa - Premium

Organic Alfalfa – Good

Eastern Cornbelt (Springfield, IL)
8/25/10
Trading in organic grain and feedstuff prices were mostly steady. Demand was light for moderate offerings. Trade activity was slow in preparation for the Fall harvest.

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

8/21/10

July 10

June 10

May 10

April 10

2nd qtr 10

Aug 09

Feed Grade Corn

5.13

4.99

5.16

5.40

5.75

5.31

7.02

Food Grade Wheat

6.00

7.17

7.00

7.31

Feed Grade Wheat

4.93

4.83

5.40

5.73

5.01

5.92

Feed Grade Barley

4.30

4.25

4.25

4.39

4.98

4.50

5.16

Feed Grade Soybeans

16.20

16.72

16.53

17.23

16.91

19.82

Soybean meal/ton

762/ton

763/ton

770

756/ton

929/ton

Feed Grade Oats

2.91

3.01

3.5

2.92

2.97

2.98

3.71

Organic Alfalfa – Good

Organic Grass Hay – Utility

Grain Market Soybeanpricespread1

Grain Market CornPriceSpread2

Grain Market CornandSoybeanPrice3

Grain Market Northeastgrainprices4

Grain Market Feedcostpercowforfeedupdate5

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