Upper U.S. Midwest Organic Grain and Feedstuffs

DES MOINES - Jun 18/08 - 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      06/14/08

Organic grain and feedstuff prices were steady on light demand and offerings.
Excessive rainfall and flooding are the focus points right now.  Producers
are still planting organic corn but most will not continue beyond this
week.  There are still a few weeks left to plant organic soybeans.  There
is some drying going on allowing producers to get back into the field.
According to the most recent data from the USDA, the corn crop is rated
at 57 percent good to excellent, compared to 60 percent last week and
70 percent a year ago.  The soybean crop is rated 56 percent good to
excellent, compared to 57 percent last week and 65 percent a year ago.
On June 13, Iowa Secretary of Agriculture, Bill Northey, announced that
the USDA National Organic Program (NOP) has accepted a request made by
the Iowa Department of Agriculture and Land Stewardship to grant a
temporary variance to the NOP crop rotation requirement due to the
recent rains and flooding in Iowa.  Northey recognizes that organic
farmers are committed to organic requirements, such as not using
pesticides, and this temporary variance will not affect the integrity
of the organic crops they produce this year.  Monthly and first quarter
average prices located below.  All prices FOB the farm and negotiated
spot market.

                                     FOB                       FOB
                                Price/Bushel            Weighted Average
                                                  06/14/08  05/31/08  06/16/07
Organic Corn
   Food Yellow
   Feed Yellow                 10.00- 11.25          10.73     10.48     10.39
Organic Soybeans
   Food Grade                                                  30.00
   Feed Grade                                                            13.36
   Soybean Meal
Organic Oats
   Food Grade
   Feed Grade                                                             3.50
Organic Barley
   Food Grade
   Feed Grade                   8.00- 9.50            8.43
Organic Wheat
   Food Grade
   Feed Grade
Organic Rye
   Feed Grade                  11.80- 12.50          12.15
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
                          May 08      Apr 08    May 07    1st Qtr 2008
Food Grade Corn
Feed Grade Corn           10.49       10.26     7.19      10.17
Food Grade Soybeans       29.72       28.59     16.65     23.88
Feed Grade Soybeans       23.41       26.79     14.42     23.58
Food Grade Oats
Feed Grade Oats                                 3.54      4.85
Feed Grade Barley                     8.00      5.18      7.92
Food Grade Wheat                      25.00               17.14
Feed Grade Wheat                      15.75
Feed Grade Rye                                            11.00
Feed Grade Peas                       13.50     7.25
==============================================================================
Developed in partnership with the University of Minnesota, Endowed
Chair in Agricultural Systems, School of Agriculture.


Source:

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