Added August 1, 2009
Corn Price Update
Upper Midwest (Des Moines, IA)
7.25.09
Compared to two weeks ago, organic grain and feedstuff prices were lower on light demand and moderate offerings with slow market activity. The organic markets are mostly being driven by the livestock sector.
Last year's sharply higher grain prices severely put the squeeze on organic livestock producers, especially the dairy industry. Many of those producers have started bailing out or even converted back to conventional. There has been some hint of the poultry industry re-entering the organic market once again. There are indications that offers on new crop corn are significantly lower. Although the corn and soybean crops, in general, look really good, there are some wet spots that are struggling with weed control issues. The frequent rains are preventing producers from doing much needed fieldwork. There has been some interest in hay but not much buying as of now. Hay prices being reported from 80 cents to 90 cents per RFV point, a little lower than previous reports.
All prices FOB price per bushel except where stated (trucking cost needs to be added)
7/11/09 |
June 2009 |
May 2009 |
2nd qtr 09 |
July 08 |
|
Feed Grade Corn |
6.77 |
7.66 |
7.42 |
7.47 |
10.92 |
Food Grade Soybeans |
|
|
|
|
30.56 |
Feed Grade Soybeans |
18.55 |
20.47 |
19.18 |
18.89 |
26.44 |
Feed Grade Oats |
|
3.97 |
4.17 |
4.12 |
6.00 |
Feed Grade Barley |
6.08 |
6.08 |
6.08 |
6.12 |
|
Food Grade Wheat |
|
|
|
|
17.44 |
Feed Grade Wheat |
|
|
6.99 |
7.42 |
15.86 |
Feed Grade Rye |
8.69 |
|
|
|
|
Feed Grade Peas |
|
|
|
|
|
Feed Grad Golden Flax |
|
|
|
|
|
Organic Alfalfa - Premium |
|
155-160/ton |
|
|
235-250/ton |
Organic Alfalfa – Good |
|
|
|
|
|
Organic Alfalfa – Utility |
|
|
|
|
|
Eastern Cornbelt (Springfield, IL)
7/25/09
Compared to two weeks ago, organic grain and feedstuff prices were mostly steady. Demand was light for heavy offerings. Cash trading for organic grains remain quiet but dealers were active taking in only forwarding contract orders. Buying interest was slow however many dealers had difficulties finding feed grade soybeans. Feed grade corn was steady. As wheat harvest reaches near completion, reports of scabby wheat and mycotoxins on barley has troubled eastern wheat producers. Some millers have rejected loads of unacceptable wheat due to high levels of vomoitoxin. Lack of fresh news items and ideal growing conditions for the Cornbelt helped to weaken prices.
All prices FOB price per bushel except where stated (trucking cost needs to be added)
7/11/09 |
June 09 |
May 09 |
April 09 |
2nd qtr 09 |
Jul 08 |
|
Feed Grade Corn |
7.80 |
7.99 |
7.9 |
8.23 |
8.00 |
10.80 |
Food Grade Wheat |
|
9.33 |
9.67 |
10.30 |
9.77 |
|
Feed Grade Wheat |
7.64 |
|
6.76 |
7.01 |
6.84 |
|
Feed Grade Barley |
|
6.60 |
6.54 |
6.28 |
6.49 |
|
Feed Grade Soybeans |
|
|
19.94 |
20.64 |
19.11 |
28.25 |
Soybean meal/ton |
|
920 |
|
|
923/ton |
|
Feed Grade Oats |
|
4.16 |
4.15 |
|
4.16 |
5.63 |
Organic Alfalfa – Good |
|
|
|
|
|
185/ton |
Organic Grass Hay – Utility |
|
|
|
|
|
125/ton |
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