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Grain Market Update, March 2009

Added March 31, 2009

Upper Midwest (Des Moines, IA)
3/25/09
Compared to two weeks ago, organic grain and feedstuff prices were steady on light demand and moderate offerings with trade at a near standstill. There have been few new crop contracts written. Producers continue to inquire about prices but are not interested yet in moving much grain. Wheat mids ranged in price from $200 to $250 per ton. Hay prices have started to fall as producers need to move the hay they have been storing.

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


3/21/09

Feb 09

Jan 09

4rd qtr 08

March 2007

Feed Grade Corn

7.78

8.17

8.52

9.52

10.37

Food Grade Soybeans

21.80

21.62

25.13

29.25

Feed Grade Soybeans

17.77

18.20

18.96

21.84

25.33

Feed Grade Oats

4.67

4.17

5.75

Feed Grade Barley

7.45

7.86

7.98

7.23

8.05

Food Grade Wheat

13.14

16.98

Feed Grade Wheat

7.78

7.62

9.08

9.37

11.00

Feed Grade Rye

9.30

9.00

Feed Grade Peas

11.91

14.09

Feed Grad Golden Flax

Organic Alfalfa – Good

150-155/ton

180-185/ton

Organic Alfalfa – Utility

160-170/ton

Eastern Cornbelt (Springfield, IL)
1.24.09
Compared to two weeks ago, organic grain and feedstuff prices were mostly steady. Demand was light for moderate to heavy offerings. Feed grade corn and wheat prices were steady. Feed grade soybeans slightly lower. Trading activity was light due to heavy supplies and weakness in the U.S. economy. Producers have been making inquiries regarding organic grain prices. However, with grain bins near capacity end users have been offering lower prices which has discouraged producer selling.

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


3/21/09

Feb 09

Jan 09

Dec 08

4th qtr 08

March 2008

Feed Grade Corn

8.37

8.94

9.31

9.05

9.86

10.27

Food Grade Wheat

14.99

14.50

Feed Grade Wheat

7.83

7.75

8.12

8.43

9.58

Feed Grade Barley

7.13

7.95

8.40

8.47

Feed Grade Soybeans

20.54

20.34

20.78

21.22

21.38

26.21

Soybean meal/ton

880/ton

975/ton

1106/ton

Feed Grade Oats

5.25

5.16

5.16

5.56

5.32

Organic Alfalfa – Good

Organic Grass Hay – Utility

20082009CornPriceSpread4

20082009Soybeanpricespread5

Northeast Organic grain price 2005-2008


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

% increase 2005-2008

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