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Grain Market Update, December 2009

Added December 3, 2009

Corn Price Update

Upper Midwest (Des Moines, IA)
12/01/09

Compared to two weeks ago, organic grain and feedstuff prices were steady to firm, with the exception of food grade corn and soybeans which were slightly higher. Light demand and offerings were reported. Wheat trade was at a near standstill and low test weights on corn are becoming more predominant as harvest progresses. Alfalfa was reported at $1.00-$1.10 per RFQ point.
All prices FOB price per bushel except where stated (trucking cost needs to be added)


11/28/09

Oct 2009

Sept 2009

3rd qtr 09

Oct.2008

Feed Grade Corn

5.49

5.45

5.68

6.18

10.06

Food Grade Soybeans

20.56

19.97

19.52

19.52

25.60

Feed Grade Soybeans

17.15

17.46

17.98

18.94

23.04

Feed Grade Oats

3.31

3.26

3.07

3.48

4.66

Feed Grade Barley

4.39

6.25

5.99

7.23

Food Grade Wheat

9.60

7.62

7.83

Feed Grade Wheat

6.03

6.30

6.12

9.45

Soybean meal

824/ton

855/ton

910/ton

Feed Grade Peas

10.06

9.89

10.47

11.12

13.83

Feed Grade Barley

4.07

4.39

5.99

Organic Alfalfa - Premium

160-170/ton

Organic Alfalfa – Good

Eastern Cornbelt (Springfield, IL)
12/01/09
Organic grain and feedstuffs traded steady to weak. Demand and offerings were light to moderate. Organic grain movement was light heading into the Thanksgiving break. Poor crop quality was a factor in driving feed grade corn and soybean prices lower. In some eastern states, this year's corn crop has been stricken with mold and low test weights, which have limited additional grain purchases.
All prices FOB price per bushel except where stated (trucking cost needs to be added)


11/28/09

Oct 09

Sep 09

Aug 09

3rd qtr 09

Oct 08

Feed Grade Corn

6.10

6.31

6.94

7.02

8.00

10.30

Food Grade Wheat

9.77

15.50

Feed Grade Wheat

5.80

5.71

5.79

5.92

6.84

10.34

Feed Grade Barley

4.05

4.52

6.25

5.16

6.49

7.47

Feed Grade Soybeans

16.26

18.28

20.38

19.82

19.11

22.48

Soybean meal/ton

803/ton

807/ton

855/ton

929/ton

911/ton

960/ton

Feed Grade Oats

3.81

3.52

3.53

3.71

3.89

5.60

Organic Alfalfa – Good

Organic Grass Hay – Utility

20082009CornPriceSpread6

20082009SoybeansPricespread7

20052009ne_grains_chart5

Northeast Organic grain price 2005-2009


Year

12% CP Grain

16% CP Grain

18% CP Grain

2005

$ 310

$ 330

$ 349

2006

$ 350

$ 380

$ 395

2007

$ 360

$ 393

$ 412

2008

$ 547

$ 588

$ 608

2009

$ 400

$ 500

$ 540

% increase 2005-2009

29.03%

51.52%

54.73%

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