Added July 17, 2010
Corn Price Update July 2010
Upper Midwest (Des Moines, IA)
7/15/10
Wheat and flax trade was noted but trade in the Upper Midwest region was too light to trend an accurate market. Heavy rain in the region hampered farmers' opportunities for field work, causing some serious weed problems for producers. The recent dry period in many areas of the Upper Midwest has prompted urgent cultivation to curb further weed growth in flooded and excessively wet areas.
According to the latest USDA NASS Grain Stocks report, all wheat stored in all positions on June 1, 2010 totaled 973 million bushels, up 48 percent from one year ago. Monthly and fourth quarter average prices are located below.
All prices FOB price per bushel except where stated (trucking cost needs to be added)
|
7/10/10 |
June 10 |
May 10 |
April 10 |
2nd qtr 10 |
June 2009 |
|
|
Feed Grade Corn |
4.24 |
4.57 |
4.6 |
4.58 |
4.58 |
7.66 |
|
Food Grade Soybeans |
22.25 |
22.25 |
19.01 |
|
19.63 |
|
|
Feed Grade Soybeans |
16.25 |
16.59 |
16.48 |
15.99 |
16.20 |
20.47 |
|
Feed Grade Oats |
|
|
3.21 |
|
3.21 |
3.97 |
|
Feed Grade Barley |
3.47 |
3.47 |
3.91 |
4.42 |
3.58 |
6.08 |
|
Food Grade Wheat |
|
|
10.17 |
|
7.55 |
|
|
Feed Grade Wheat |
|
4.59 |
|
|
|
|
|
Soybean meal |
|
763/ ton |
768/ton |
715/ton |
757/ton |
|
|
Feed Grade Peas |
7.96 |
|
8.42 |
8.24 |
8.24 |
|
|
Organic Alfalfa - Premium |
|
|
|
|
|
|
|
Organic Alfalfa – Good |
|
|
|
|
|
155-160/ton |
Eastern Cornbelt (Springfield, IL)
7/15/10
Compared to two weeks ago, organic grain and feedstuff prices were steady to weak. Cash sales for organic grains were light to moderate. Hot and drier weather across the cornbelt helped to dry previously soggy corn and soybean fields. With the winter wheat harvest nearing completion, reports of high levels of vomitoxin and low test weights in some areas.
All prices FOB price per bushel except where stated (trucking cost needs to be added)
|
|
7/10/10 |
June 10 |
May 10 |
April 10 |
2nd qtr 10 |
June 09 |
|
Feed Grade Corn |
5.05 |
5.16 |
5.40 |
5.75 |
5.31 |
7.99 |
|
Food Grade Wheat |
|
|
7.17 |
7.00 |
7.31 |
9.33 |
|
Feed Grade Wheat |
|
4.83 |
5.40 |
5.73 |
5.01 |
|
|
Feed Grade Barley |
4.30 |
4.25 |
4.39 |
4.98 |
4.50 |
6.60 |
|
Feed Grade Soybeans |
16.35 |
16.53 |
|
17.23 |
16.91 |
|
|
Soybean meal/ton |
|
|
|
770 |
756/ton |
920 |
|
Feed Grade Oats |
3.05 |
3.5 |
2.92 |
2.97 |
2.98 |
4.16 |
|
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
Posted: to Organic Pay, Feed & Grain Prices on Sat, Jul 17, 2010
Updated: Sat, Jul 17, 2010
