NW_GR113
Des Moines, IA     Wed, May 07, 2008     USDA Market News

Upper Midwest Organic Grain & Feedstuffs Report (Bi-Weekly)
Weighted Average Report for the Week Ending      05/03/08

Compared to two weeks ago, organic grain and feedstuff prices were steady to
firm on light demand and light offerings.  Corn is moving, while soybeans
seem to be nonexistent.  Hearing of bids for organic soybean imports from
South America, shipped to the Midwest, from $41 to $45 per bushel.  There are
concerns that organic acres are not increasing as fast as demand.  This is
especially true of soybeans, where acres are projected to be less than a year
ago.  Saw some organic wheat being imported from Canada.  Oats are going to be
in short supply as acres may be considerably lower due to rain delays.  In
Iowa, for the week ending May 3, only 51 percent of the oats were planted,
compared to the 5 year average of 96 percent.  So what isn't planted by now,
probably won't get planted.  Corn plantings for the same period were at 27
percent complete, down from the 5 year average of 59 percent.  Monthly and
first quarter average prices located below.  All prices FOB the farm and
negotiated spot market.


                                     FOB                           FOB
                                Price/Bushel                 Weighted Average
                                                            05/03/08  04/19/08
Organic Corn
   Food Yellow
   Feed Yellow                  9.50- 10.80                    10.40     10.19
Organic Soybeans
   Food Grade                                                            28.94
   Feed Grade
   Soybean Meal
Organic Oats
   Food Grade
   Feed Grade
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                    125.00- 135.00
Organic Grass Hay
   Premium
   Good
   Fair
Organic Straw
==============================================================================
Monthly and Quarterly Organic Prices
                          Mar 08      Feb 08    Mar 07    1st Qtr 2008
Food Grade Corn
Feed Grade Corn           10.37       10.07     6.46      10.17
Food Grade Soybeans       29.25       26.29     16.24     23.88
Feed Grade Soybeans       25.33       22.73     12.93     23.58
Food Grade Oats
Feed Grade Oats           5.75        5.05      3.40      4.85
Feed Grade Barley         8.05                            7.92
Food Grade Wheat                      16.98               17.14
Feed Grade Wheat
Feed Grade Rye            11.00                           11.00
Feed Grade Peas                                 9.00
==============================================================================
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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