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Grain Market Update, March 2010

Added March 9, 2010

Corn Price Update
February 2010
Upper Midwest (Des Moines, IA)
2/24/10

Organic grain and feedstuff prices are slightly lower with light demand and offerings, while feed grade soybeans traded mostly steady with similar demand. Soybean splits were reported $15-$16 per bushel, and barley trade was very slow. A strong interest in grain trade was noted. Moisture and low test weights continue to have the greatest impact on the Upper Midwest grain markets.

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


1/27/10

Dec 09

Nov 09

Oct 09

4th qtr 09

Jan 09

Feed Grade Corn

5.49

5.34

5.55

5.45

5.44

8.52

Food Grade Soybeans

21.23

20.29

20.41

18.97

20.18

21.62

Feed Grade Soybeans

16.14

16.97

17.08

17.46

17.19

18.96

Feed Grade Oats

3.15

3.39

3.36

3.26

3.35

4.65

Feed Grade Barley

4.04

4.09

4.39

4.2

7.98

Food Grade Wheat

7.28

7.48

9.82

9.60

7.28

Feed Grade Wheat

4.58

6.03

5.02

9.08

Soybean meal

784/ton

788/ton

824/ton

803/ton

Feed Grade Peas

9.51

9.85

9.85

9.89

9.63

11.91

Feed Grade Barley

4.39

5.99

7.98

Organic Alfalfa - Premium

180/ton

Organic Alfalfa – Good

160/ton

Eastern Cornbelt (Springfield, IL)
1/23/09
Organic grain and feedstuffs traded mixed, with demand and offerings light to moderate. Feed grade soybeans were higher and corn and wheat steady to weak on heavy supplies. Trading volume was light, with interest focused on buying small quantities of organic grains to fulfill immediate needs.
All prices FOB price per bushel except where stated (trucking cost needs to be added)


1/23/10

Dec 09

Nov 09

Oct 09

4th qtr 09

Jan 09

Feed Grade Corn

6.00

6.11

6.17

6.31

6.23

9.31

Food Grade Wheat

6.46

6.07

6.84

14.99

Feed Grade Wheat

5.81

6.25

5.10

5.71

5.73

8.12

Feed Grade Barley

4.38

4.41

4.05

4.52

4.29

8.40

Feed Grade Soybeans

17.14

16.78

16.67

18.28

19.11

20.78

Soybean meal/ton

758/ton

764/ ton

801/ton

807/ton

802/ton

Feed Grade Oats

3.12

3.43

3.81

3.52

3.58

5.16

Organic Alfalfa – Good

Organic Grass Hay – Utility

Grain Market Soybeanpricespread1

Grain Market CornPriceSpread2

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