NW_GR113
Des Moines, IA     Wed, Jul 02, 2008     USDA Market News

Upper Midwest Organic Grain & Feedstuffs Report (Bi-Weekly)
Weighted Average Report for the Week Ending      06/28/08

Organic grain and feedstuff prices were firmer on moderate demand and light
offerings.  Conventional prices have pulled organic prices slightly higher.
Not all of the corn crop got planted due to continued wet weather, while
soybean plantings continue.  The corn crop looks very uneven.  Organic new
crop wheat is trading as the crop has been great, much better than projected.
New crop feed corn bids range from $9.50 to $11.25 per bushel.  New crop
food grade soybean bids are from $27.00 to $30.00.  New crop feed grade
soybean bids are from $22.00 to $24.00.  Old crop organic milo is trading
from $8.00 to $8.50.  Monthly and first quarter average prices located
below.  All prices FOB the farm and negotiated spot market.  Please
note the corrections in the May 2008 monthly prices.

                                     FOB                       FOB
                                Price/Bushel            Weighted Average
                                                  06/28/08  06/14/08  06/16/07
Organic Corn
   Food Yellow
   Feed Yellow                 10.50- 11.25          10.82     10.73     10.93
Organic Soybeans
   Food Grade
   Feed Grade                  26.00- 30.00          28.15               13.83
   Soybean Meal
Organic Oats
   Food Grade
   Feed Grade                                                             3.50
Organic Barley
   Food Grade
   Feed Grade                                                   8.43      6.64
Organic Wheat
   Food Grade
   Feed Grade                                                             7.50
Organic Rye
   Feed Grade                                                  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       29.83       28.59     16.65     23.88
Feed Grade Soybeans       24.00       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:
   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

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