Upper U.S. Midwest Organic Grain and Feedstuffs

DES MOINES - Feb 25/09 - 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      02/21/09

Compared to two weeks ago, organic grain and feedstuff prices were mostly
steady on light demand and moderate offerings with slow market activity.
However, market activity increased over the past two weeks.  Producers
are moving old crop and starting to think about new crop pricing as they
secure funds to plant the 2009 crop.  New crop feed grade corn contracts
are from $7.50 to $8.50 per bushel.  New crop feed grade soybean contracts
are from $17.00 to $18.50.  New crop food grade soybean contracts are
from $19.00 to $22.00 per bushel.  Hay prices have started to weaken.
Prices for alfalfa with RFQ values ranging from 170 to 190 with prices
from $165 to $175 per ton.  Monthly and fourth quarter average prices
located below.  All prices FOB the farm and negotiated spot market.

                                     FOB                       FOB
                                Price/Bushel            Weighted Average
                                                  02/21/09  02/07/09  02/13/08
Organic Corn
   Food Yellow
   Feed Yellow                  7.25- 9.00            8.13      8.25     10.24
Organic Soybeans
   Food Grade                                                            26.18
   Feed Grade                  17.25- 21.00          18.41     18.07     22.52
   Soybean Meal
Organic Oats
   Food Grade
   Feed Grade                   4.50- 5.00            4.67                4.93
Organic Barley
   Food Grade
   Feed Grade                   6.75- 8.50            7.86
Organic Wheat
   Food Grade (Spring)
   Food Grade (HRW)                                                      16.76
   Feed Grade (HRW)             7.60- 8.00            7.82
   Food Grade
   Feed Grade
Organic Rye
   Feed Grade
Organic Peas
   Feed Grade                  10.50- 12.00          11.91
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
                          Jan 09      Dec 08    Jan 08    4th Qtr 2008
Food Grade Corn
Feed Grade Corn           8.52        8.82      9.64      9.52
Food Grade Soybeans       21.62       23.01     23.08     25.13
Feed Grade Soybeans       18.96       19.10     21.09     21.84
Food Grade Oats
Feed Grade Oats                                 4.65      4.17
Feed Grade Barley         7.98                            7.23
Food Grade Wheat                                17.14
Feed Grade Wheat
Food Grade Wheat (SRW)
Feed Grade Wheat (SRW)
Food Grade Wheat (HRW)                                    13.14
Feed Grade Wheat (HRW)    9.08                            9.37
Food Grade Wheat (Spring)
Feed Grade Wheat (Spring)
Feed Grade Rye                                            9.30
Feed Grade Peas                                           14.09
Food Grade Golden Flax
==============================================================================
Developed in partnership with the University of Minnesota, Endowed
Chair in Agricultural Systems, School of Agriculture.


Source:

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