Upper U.S. Midwest Organic Grain and Feedstuffs

DES MOINES - Nov 20/08 - 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      11/16/08

Organic grain and feedstuff prices were mostly lower on light demand and
moderate offerings with slow market activity, compared to two weeks ago.
The economy continues to be a major factor in the organic market.  Harvest
progress has been slow.  According to USDA NASS, corn harvest in the U.S.
is only 78 percent complete, compared to the five year average of 94
percent.  In Iowa, 70 percent of the corn harvest is complete, down from
the five year average of 95 percent.  Nebraska's corn harvest is 67
percent complete, compared to the five year average of 93 percent.  Organic
milo traded from $7.50 to $8.00 per bushel during this period.  Monthly
and third quarter average prices located below.  All prices FOB the farm
and negotiated spot market.

                                     FOB                       FOB
                                Price/Bushel            Weighted Average
                                                  11/15/08  11/01/08  11/21/07
Organic Corn
   Food Yellow
   Feed Yellow                  8.75- 10.50           9.38      9.51      9.03
Organic Soybeans
   Food Grade                  25.00- 27.00          25.33     25.60
   Feed Grade                  19.75- 23.50          21.99     22.96     15.92
   Soybean Meal
Organic Oats
   Food Grade
   Feed Grade                                                   4.75      3.95
Organic Barley
   Food Grade
   Feed Grade                                                   7.14
Organic Wheat
   Food Grade (Spring)
   Food Grade (HRW)
   Feed Grade (HRW)             9.00- 9.50            9.17      9.46
   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                       185.00- 209.00
   Fair
   Utility                    130.00- 140.00
Organic Grass Hay
   Premium
   Good
   Fair
Organic Straw
==============================================================================
Monthly and Quarterly Organic Prices
                          Oct 08      Sep 08    Oct 07    3rd Qtr 2008
Food Grade Corn
Feed Grade Corn           10.06       10.65     9.32      11.06
Food Grade Soybeans       25.62                           30.83
Feed Grade Soybeans       23.04       29.16     15.82     28.24
Food Grade Oats                                           5.99
Feed Grade Oats           4.66        4.57      3.53      4.61
Feed Grade Barley         7.23        8.21      6.11      7.51
Food Grade Wheat
Feed Grade Wheat                                9.09
Food Grade Wheat (SRW)                                    15.53
Feed Grade Wheat (SRW)
Food Grade Wheat (HRW)                16.28               16.34
Feed Grade Wheat (HRW)    9.45                            9.48
Food Grade Wheat (Spring)             18.47               18.58
Feed Grade Wheat (Spring)
Feed Grade Rye            9.30        10.28               10.45
Feed Grade Peas           13.83
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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