Added May 16, 2011
Corn Price Update March 2011
Upper Midwest (Des Moines, IA)
4/30/11
For the following states: WI, MN, IA, SD, ND, NE, KS, MO
Trading in organic grain and feedstuffs were higher than March 2011, with moderate to good demand for alternative feed grains, and moderate demand for corn and soybeans. Offerings of feed grade corn and peas were reportedly lighter due to limited supply. The price range of feed grade corn was steady to firm this period. However, the weighted average was higher than the previous week due to increased volume of corn at the higher end of the range late in the reporting period. As conventional corn prices drive producers to demand higher organic prices, increased prices and use of alternative grains is growing increasingly prevalent. Recent snow and rain in the Dakotas as well as flooding in several states is weighing heavy on the minds of farmers and grain buyers alike. Some organic farmers have reportedly switched from small grain production to corn and/or soybean production in light of the recent availability of organic crop insurance for those commodities.
Monthly and fourth quarter average prices are located below.
All prices FOB price per bushel except where stated (trucking cost needs to be added)
|
4/30/11 |
March 11 |
Feb 11 |
Jan 11 |
1st qtr 11 |
May 10 |
|
|
Feed Grade Corn |
10.19 |
9.79 |
8.81 |
7.59 |
8.66 |
4.6 |
|
Food Grade Soybeans |
|
|
20.59 |
|
|
19.01 |
|
Feed Grade Soybeans |
19.14 |
21.09 |
18.60 |
17.52 |
18.81 |
16.48 |
|
Feed Grade Oats |
5.20 |
4.15 |
|
|
4.14 |
3.21 |
|
Feed Grade Barley |
7.88 |
6.63 |
6.57 |
5.53 |
6.32 |
3.91 |
|
Food Grade Wheat |
|
|
|
|
|
10.17 |
|
Feed Grade Wheat |
|
|
|
|
|
|
|
Soybean meal |
806.11 |
|
|
|
|
768/ton |
|
Feed Grade Peas |
10.27 |
40.41 |
9.17 |
|
10.54 |
8.42 |
|
Organic Alfalfa - Premium |
|
|
|
|
|
|
|
Organic Alfalfa – Good |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Eastern Cornbelt (Springfield, IL)
4:30/11
For the following states: IL, IN, OH, MI, PA, NC, NY, VT
Trading in organic grain and feedstuff prices were mostly steady, with activity slow with light organic grain movement for this reporting period. Producers are more focused on planting season than marketing grain.
All prices FOB price per bushel except where stated (trucking cost needs to be added)
|
|
4/30/11 |
March 11 |
Feb 11 |
Jan 11 |
1st qtr 2011 |
May 10 |
|
Feed Grade Corn |
10.21 |
9.52 |
7.60 |
7.17 |
7.76 |
5.40 |
|
Food Grade Wheat |
|
9.69 |
|
7.30 |
8.37 |
7.17 |
|
Feed Grade Wheat |
9.10 |
9.0 |
|
|
|
5.40 |
|
Feed Grade Barley |
|
6.6 |
5.27 |
4.76 |
5.57 |
4.39 |
|
Feed Grade Soybeans |
18.74 |
18.35 |
18.05 |
17.25 |
18.0 |
|
|
Soybean meal/ton |
|
|
781/ton |
758/ton |
770/ton |
|
|
Feed Grade Oats |
|
|
4.03 |
2.84 |
4.02 |
2.92 |
|
Feed Grade Peas |
|
|
|
|
|
|
|
Organic Alfalfa – Good |
|
|
|
|
|
|
|
Organic Grass Hay – Utility |
|
|
|
|
|
|
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
