Upper U.S. Midwest Organic Grain and Feedstuffs

DES MOINES - Jun 4/08 - SNS -- Bi-weekly USDA report on organic grain and feedstuffs prices in the U.S. upper midwest.

Upper Midwest Organic Grain & Feedstuffs Report (Bi-Weekly)
Weighted Average Report for the Week Ending      05/31/08

Organic grain and feedstuff prices were steady on light demand and offerings.
Not much movement happening.  Producers want to talk but they are nervous
and don't want to sell any crop right now.  They either believe they have
a crop worth a great deal of money due to short supply or they are worried
they won't be able to get a crop in the ground because of the excessive rain.
Organic corn plantings are falling behind now.  Soybeans aren't behind yet
but getting close.  According to the USDA, conventional soybean plantings
are 69 percent complete, compared to the five year average of 81 percent.
There are still opportunities to plant shorter growing season soybeans but
producers will have to look hard to find the seed.  Some organic oats were
planted last week in Iowa with producers hoping to get a good crop because
of the late season cool, wet weather.  New crop soybeans being contracted
for $22.00 to $25.00 per bushel.  New crop oats being contracted for $4.00
to $4.50 per bushel.  Hearing about lots of organic livestock, chickens
and cattle, being converted back to conventional from organic due to
high feed costs.  Monthly and first quarter average prices located below.
All prices FOB the farm and negotiated spot market.


                                     FOB                       FOB
                                Price/Bushel            Weighted Average
                                                  05/31/08  05/17/08  06/02/07
Organic Corn
   Food Yellow
   Feed Yellow                 10.25- 10.75          10.48     10.51      8.30
Organic Soybeans
   Food Grade                         30.00          30.00     29.65
   Feed Grade                                                  23.37
   Soybean Meal
Organic Oats
   Food Grade
   Feed Grade                                                             3.48
Organic Barley
   Food Grade
   Feed Grade
Organic Wheat
   Food Grade
   Feed Grade
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
==============================================================================
Organic Alfalfa                 Per Ton/FOB
   Supreme
   Premium
   Good
   Fair
   Utility
Organic Grass Hay
   Premium
   Good
   Fair
Organic Straw
==============================================================================
Monthly and Quarterly Organic Prices
                          Apr 08      Mar 08    Apr 07    1st Qtr 2008
Food Grade Corn
Feed Grade Corn           10.26       10.37     6.95      10.17
Food Grade Soybeans       28.59       29.25     16.12     23.88
Feed Grade Soybeans       26.79       25.33     14.15     23.58
Food Grade Oats
Feed Grade Oats                       5.75                4.85
Feed Grade Barley         8.00        8.05      5.22      7.92
Food Grade Wheat          25.00                           17.14
Feed Grade Wheat          15.75                 6.48
Feed Grade Rye                        11.00               11.00
Feed Grade Peas           13.50                 6.66
==============================================================================
Developed in partnership with the University of Minnesota, Endowed
Chair in Agricultural Systems, School of Agriculture.


Source:

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