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Grain Market Update, July 2010

Added July 17, 2010

Corn Price Update July 2010
Upper Midwest (Des Moines, IA)
7/15/10

Wheat and flax trade was noted but trade in the Upper Midwest region was too light to trend an accurate market. Heavy rain in the region hampered farmers' opportunities for field work, causing some serious weed problems for producers. The recent dry period in many areas of the Upper Midwest has prompted urgent cultivation to curb further weed growth in flooded and excessively wet areas.

According to the latest USDA NASS Grain Stocks report, all wheat stored in all positions on June 1, 2010 totaled 973 million bushels, up 48 percent from one year ago. Monthly and fourth quarter average prices are located below.

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


7/10/10

June 10

May 10

April 10

2nd qtr 10

June 2009

Feed Grade Corn

4.24

4.57

4.6

4.58

4.58

7.66

Food Grade Soybeans

22.25

22.25

19.01

19.63

Feed Grade Soybeans

16.25

16.59

16.48

15.99

16.20

20.47

Feed Grade Oats

3.21

3.21

3.97

Feed Grade Barley

3.47

3.47

3.91

4.42

3.58

6.08

Food Grade Wheat

10.17

7.55

Feed Grade Wheat

4.59

Soybean meal

763/ ton

768/ton

715/ton

757/ton

Feed Grade Peas

7.96

8.42

8.24

8.24

Organic Alfalfa - Premium

Organic Alfalfa – Good

155-160/ton

Eastern Cornbelt (Springfield, IL)
7/15/10
Compared to two weeks ago, organic grain and feedstuff prices were steady to weak. Cash sales for organic grains were light to moderate. Hot and drier weather across the cornbelt helped to dry previously soggy corn and soybean fields. With the winter wheat harvest nearing completion, reports of high levels of vomitoxin and low test weights in some areas.

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

7/10/10

June 10

May 10

April 10

2nd qtr 10

June 09

Feed Grade Corn

5.05

5.16

5.40

5.75

5.31

7.99

Food Grade Wheat

7.17

7.00

7.31

9.33

Feed Grade Wheat

4.83

5.40

5.73

5.01

Feed Grade Barley

4.30

4.25

4.39

4.98

4.50

6.60

Feed Grade Soybeans

16.35

16.53

17.23

16.91

Soybean meal/ton

770

756/ton

920

Feed Grade Oats

3.05

3.5

2.92

2.97

2.98

4.16

Organic Alfalfa – Good

Organic Grass Hay – Utility

Grain Market Soybeanpricespread1

Grain Market CornPriceSpread2


Grain Market CornandSoybeanPrice3


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