NW_GR113
Des Moines, IA     Wed, Sep 10, 2008     USDA Market News

Upper Midwest Organic Grain & Feedstuffs Report (Bi-Weekly)
Weighted Average Report for the Week Ending      09/06/08

Compared to two weeks ago, organic grain and feedstuff prices were mostly
steady on moderate demand and offerings.  The wheat market is seeing a bit
of weakening as many users are quickly filling their needs after a good
harvest.  No new crop soybean contracts were reported as producers are still
in a wait and see mode, especially with the cooler, wet weather.  New crop
corn contracts are being done from $10.00 per bushel to $10.75 per bushel.
Monthly and second quarter average prices located below.  All prices FOB
the farm and negotiated spot market.

                                     FOB                       FOB
                                Price/Bushel            Weighted Average
                                                  09/06/08  08/23/08  09/08/07
Organic Corn
   Food Yellow
   Feed Yellow                 10.00- 11.15          10.66     10.86     11.13
Organic Soybeans
   Food Grade                                                  29.97
   Feed Grade                  27.50- 30.00          29.16               14.41
   Soybean Meal
Organic Oats
   Food Grade                                                   5.99
   Feed Grade                   4.50- 6.00            4.89      4.82      3.41
Organic Barley
   Food Grade
   Feed Grade                   8.00- 8.50            8.21      7.20      6.51
Organic Wheat
   Food Grade (Spring)                                         18.59
   Food Grade (HRW)                                            16.27
   Feed Grade (HRW)
   Food Grade                                                             8.38
   Feed Grade
Organic Rye
   Feed Grade                  10.00- 10.50          10.28     10.85
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                       260.00- 275.00
   Fair
   Utility
Organic Grass Hay
   Premium
   Good
   Fair
Organic Straw
==============================================================================
Monthly and Quarterly Organic Prices
                          Aug 08      Jul 08    Aug 07    2nd Qtr 2008
Food Grade Corn
Feed Grade Corn           11.38       10.92               10.44
Food Grade Soybeans       31.41       30.56               29.28
Feed Grade Soybeans       29.87       26.44               26.94
Food Grade Oats           5.99
Feed Grade Oats           4.82
Feed Grade Barley         7.43                            8.11
Food Grade Wheat
Feed Grade Wheat
Food Grade Wheat (SRW)                15.57
Feed Grade Wheat (SRW)                                    15.36
Food Grade Wheat (HRW)                17.44
Feed Grade Wheat (HRW)    16.66       15.86
Food Grade Wheat (Spring) 18.61
Feed Grade Wheat (Spring)
Feed Grade Rye            10.56                           12.15
Feed Grade Peas
Food Grade Golden Flax                                    35.52
==============================================================================
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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