Added April 2, 2010
Corn Price Update
April 2010
Upper Midwest (Des Moines, IA)
3/24/10
Organic grain and feedstuff prices are lower than February with light demand and offerings reported. #2 yellow corn was reported as steady to $.25 lower with light demand, while wheat trade continues to see lackluster demand with heavy offerings. As planting season draws near many farmers are expecting delays due to excessive moisture. While some producers still report that their grain bins are full due to an excess of corn and wheat in the market, concerns regarding the current state of the economy are weighing heavy on the minds of consumers, which is an added hit to the market.
Monthly and fourth quarter average prices are located below. All prices FOB price per bushel except where stated (trucking cost needs to be added)
|
3/20/10 |
Feb 2010 |
Jan 10 |
Dec 09 |
4th qtr 09 |
April 2009 |
|
|
Feed Grade Corn |
5.31 |
5.49 |
5.45 |
5.34 |
5.44 |
7.45 |
|
Food Grade Soybeans |
19.91 |
|
20.98 |
20.29 |
20.18 |
20.10 |
|
Feed Grade Soybeans |
16.79 |
17.10 |
15.82 |
16.97 |
17.19 |
17.70 |
|
Feed Grade Oats |
3.13 |
|
3.16 |
3.39 |
3.35 |
4.14 |
|
Feed Grade Barley |
3.82 |
4.42 |
4.71 |
|
4.2 |
6.09 |
|
Food Grade Wheat |
|
|
|
7.48 |
7.28 |
|
|
Feed Grade Wheat |
4.35 |
|
4.70 |
|
5.02 |
7.66 |
|
Soybean meal |
|
755/ton |
781/ton |
788/ton |
759/ton |
|
|
Feed Grade Peas |
8.40 |
8.33 |
|
9.85 |
9.63 |
|
|
Organic Alfalfa - Premium |
|
|
|
|
|
|
|
Organic Alfalfa – Good |
|
|
|
|
|
|
Eastern Cornbelt (Springfield, IL)
3/24/10
Organic grain and feedstuffs traded steady to weak in February. Demand was light to moderate for heavy offerings. Buying interest was light with limited spot sales reported. Many dealers have been selective in buying organic grains due to poor quality and large inventories. This helped to pressure organic grains lower. All prices FOB price per bushel except where stated (trucking cost needs to be added)
|
|
3/20/10 |
Feb 2010 |
Jan 10 |
Dec 09 |
4th qtr 09 |
April 09 |
|
Feed Grade Corn |
6.10 |
6.25 |
6.01 |
6.11 |
6.23 |
8.23 |
|
Food Grade Wheat |
|
|
6.52 |
|
6.84 |
10.30 |
|
Feed Grade Wheat |
5.00 |
5.73 |
5.77 |
6.25 |
5.73 |
7.01 |
|
Feed Grade Barley |
4.90 |
4.65 |
4.38 |
4.41 |
4.29 |
6.28 |
|
Feed Grade Soybeans |
17.21 |
17.08 |
16.68 |
16.78 |
19.11 |
18.56 |
|
Soybean meal/ton |
783/ton |
771.07 |
758/ton |
790/ ton |
802/ton |
|
|
Feed Grade Oats |
3.34 |
3.6 |
3.21 |
3.43 |
3.58 |
|
|
Organic Alfalfa – Good |
|
|
|
|
|
|
|
Organic Grass Hay – Utility |
|
|
|
|
|
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