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Grain Market Update

Added November 15, 2010

Corn Price Update November 2010
Upper Midwest (Des Moines, IA)
11/03/10
For the following states: WI, MN, IA, SD, ND, NE, KS, MO

Organic grain and feedstuffs prices were steady to firm, with the exception of feed grade corn, which averaged higher. Demand was light to moderate with moderate offerings as new crop grain is being tested and farmers and buyers weigh their options on marketing this year. Spot market trades were limited this period, as many buyers have contracted the majority of their new crop grain purchases for delivery at a later date. Monthly and fourth quarter average prices are located below.

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


10/30/10

Sep 10

Aug 10

July 10

3rd qtr 10

Oct 2009

Feed Grade Corn

6.17

5.24

4.66

4.38

5.68

5.45

Food Grade Soybeans

19.71

19.32

20.45

19.52

19.97

Feed Grade Soybeans

16.25

16.39

16.33

16.54

13.39

17.46

Feed Grade Oats

2.84

2.84

3.26

Feed Grade Barley

3.62

3.72

4.39

Food Grade Wheat

9.34

9.33

9.60

Feed Grade Wheat

4.46

4.44

4.44

6.03

Soybean meal

747/ton

824/ton

Feed Grade Peas

9.13

9.50

8.49

9.89

Organic Alfalfa - Premium

Organic Alfalfa – Good

Eastern Cornbelt (Springfield, IL)
11/3//10
For the following states: IL, IN, OH, MI, PA, NC, NY, VT

Trading in organic grain and feedstuff prices were mostly steady. Demand was light to moderate for moderate offerings. Trading activity was slow with very little news to help sway prices this reporting period. Organic corn prices was slightly higher due to stronger conventional corn markets.

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

10/30/10

Sep 10

Aug 10

July 10

3rd qtr 10

Oct 09

Feed Grade Corn

6.17

5.24

4.66

4.99

4.61

6.31

Food Grade Wheat

6.00

9.33

Feed Grade Wheat

4.46

4.93

4.44

5.71

Feed Grade Barley

4.30

4.25

4.50

4.52

Feed Grade Soybeans

16.25

16.39

16.33

16.72

19.52

18.28

Soybean meal/ton

781/ton

763/ton

747/ton

807/ton

Feed Grade Oats

2.84

3.01

2.84

3.52

Feed Grade Peas

9.13

9.5

8.49

10.47

Organic Alfalfa – Good

Organic Grass Hay – Utility

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CornandSoybeanpricesNov2010

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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