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Thursday, August 07, 2008
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<![CDATA[NW_GR113
Des Moines, IA Wed, Jul 30, 2008 USDA Market News
Upper Midwest Organic Grain & Feedstuffs Report (Bi-Weekly)
Weighted Average Report for the Week Ending 07/26/08
Compared to two weeks ago, organic grain and feedstuff prices were steady
to weaker on moderate demand and offerings. The corn and soybean crops
have seen much improvement over the weeks with the warmer weather and
timely rains. Some areas thought have seen some wind damage from recent
storms. South Dakota's conventional spring wheat harvest is behind due
to rain. For the week ending July 27, the USDA shows that very little
spring wheat has been harvested, compared to 30 percent a year ago and
26 percent for the five year average. Winter wheat harvest is behind too.
National oat harvest is lagging too with only 18 percent completed this
week, compared to 41 percent last year. Several tons of wheat mids sold
during the period from $280 to $300 per ton. A few new crop corn sales
from $10.50 to $11.00 per bushel. Monthly and second quarter average
prices located below. All prices FOB the farm and negotiated spot
market.
FOB FOB
Price/Bushel Weighted Average
07/26/08 07/12/05 07/28/07
Organic Corn
Food Yellow
Feed Yellow 10.75- 11.25 10.87 11.06 10.88
Organic Soybeans
Food Grade 30.00- 30.50 30.38 31.33
Feed Grade 25.00- 28.50 26.36 26.56 15.68
Soybean Meal
Organic Oats
Food Grade
Feed Grade 6.00 3.36
Organic Barley
Food Grade
Feed Grade 7.53
Organic Wheat
Food Grade (SRW) 15.13
Food Grade (HRW) 17.00- 18.00 17.44
Feed Grade (HRW) 15.50- 16.25 15.86
Organic Rye
Feed Grade
Organic Peas
Feed Grade
Organic Brown Flax (cents per pound)
Food Grade
Feed Grade
Organic Golden Flax (cents per pound)
Food Grade
Feed Grade
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Organic Alfalfa Per Ton/FOB
Supreme
Premium
Good
Fair
Utility
Organic Grass Hay
Premium
Good
Fair
Organic Straw
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Monthly and Quarterly Organic Prices
Jun 08 May 08 Jun 07 2nd Qtr 2008
Food Grade Corn
Feed Grade Corn 10.82 10.49 9.88 10.44
Food Grade Soybeans 29.83 17.00 29.28
Feed Grade Soybeans 28.63 24.00 13.36 26.94
Food Grade Oats
Feed Grade Oats 3.48
Feed Grade Barley 8.71 5.44 8.11
Food Grade Wheat
Feed Grade Wheat 15.36 (SRW)
Feed Grade Rye 12.15
Feed Grade Peas
Food Grade Golden Flax 35.52
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Developed in partnership with the University of Minnesota, Endowed
Chair in Agricultural Systems, School of Agriculture.
Source:
USDA Market News Service, Des Moines, IA
Phone: (515)284-4460 Email: desm.lgmn@usda.gov
24 Hour recorded market information 515-284-4830
www.ams.usda.gov/LSMarketNews
1500C add
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