Added May 17, 2010
Corn Price Update
May 2010
Upper Midwest (Des Moines, IA)
5/2/10
Trading in organic grain and feedstuff prices were lower with light demand than in February.
Offerings of grain were moderate with good availability. Wheat mids were reported $140-$160 per ton. While some producers still report that their grain bins are full due to an excess of corn and wheat in the market, organic grain prices have again declined this period, with many factors playing a role - the most predominant being the current state of the economy.
Monthly and fourth quarter average prices are located below.
All prices FOB price per bushel except where stated (trucking cost needs to be added)
|
5/1/10 |
March 10 |
Feb 2010 |
Jan 10 |
1st qtr 10 |
May 2009 |
|
|
Feed Grade Corn |
4.81 |
5.47 |
5.49 |
5.45 |
5.46 |
7.42 |
|
Food Grade Soybeans |
18.51 |
19.81 |
|
20.98 |
20.66 |
|
|
Feed Grade Soybeans |
15.90 |
16.60 |
17.10 |
15.82 |
16.37 |
19.18 |
|
Feed Grade Oats |
|
3.16 |
|
3.16 |
3.41 |
4.17 |
|
Feed Grade Barley |
3.30 |
|
4.42 |
4.71 |
4.6 |
6.08 |
|
Food Grade Wheat |
|
10.17 |
|
|
9.22 |
|
|
Feed Grade Wheat |
4.10 |
|
|
4.70 |
4.66 |
6.99 |
|
Soybean meal |
|
768/ton |
755/ton |
781/ton |
760/ton |
|
|
Feed Grade Peas |
8.35 |
8.31 |
8.33 |
|
8.67 |
|
|
Organic Alfalfa - Premium |
|
|
|
|
|
190-200/ton |
|
Organic Alfalfa – Good |
|
|
|
|
|
125-135/ton |
Eastern Cornbelt (Springfield, IL)
5/2/10
Compared to last month, organic grain and feedstuff prices were lower with light demand. Trading activity was slow, especially as more farmers busy planting than selling grain. With grain inventories near capacity, end users are unwilling to buy ahead with the potential of lower prices. This has limited buying interest for organic grains and has helped to pressure organic grains lower.
All prices FOB price per bushel except where stated (trucking cost needs to be added)
|
|
5/1//10 |
March 10 |
Feb 2010 |
Jan 10 |
1st qtr 10 |
May 09 |
|
Feed Grade Corn |
5.51 |
5.98 |
6.25 |
6.01 |
6.10 |
7.9 |
|
Food Grade Wheat |
|
|
6.55 |
6.52 |
7.31 |
9.67 |
|
Feed Grade Wheat |
5.60 |
5.00 |
5.73 |
5.77 |
5.72 |
6.76 |
|
Feed Grade Barley |
4.90 |
4.90 |
4.65 |
4.38 |
4.75 |
6.54 |
|
Feed Grade Soybeans |
16.79 |
17.08 |
17.08 |
16.68 |
16.91 |
19.94 |
|
Soybean meal/ton |
|
782/ton |
771.07 |
758/ton |
770/ton |
|
|
Feed Grade Oats |
|
3.34 |
3.6 |
3.21 |
3.41 |
4.15 |
|
Organic Alfalfa – Good |
|
|
|
|
|
|
|
Organic Grass Hay – Utility |
|
|
|
|
|
|
