Des Moines, Iowa
Aug. 1, 2018
Report Supplied by USDA

Compared to two weeks ago: Trade activity moderate on good demand for old crop feed grade corn. Prices unevenly steady. Forward contract activity was mostly for new crop feed grade corn and food grade HRW Wheat. In the food grade HRW wheat supply, end users buying 11 - 11.7% protein paid $.88 - .92/pt FOB; for 13.5% protein, $1.04/pt FOB; for sub 10.5%, $.81/pt DEL; and for 12 - 14%, $1.07 - 1.08/pt DEL. Trade activity on all other organic grain too limited to trend. Per the NASS Crop progress report for week ending July 29, 2018, crop progress percentages were: Corn Silking 91 percent, Dough 38 percent; Soybeans Blooming 86 percent, Setting Pods 60 percent; Sorghum Headed 54 percent, Coloring 26 percent; Winter Wheat Harvested 85 percent; Spring Wheat Harvested 4 percent; Oats Harvested 38 percent; Barley Headed 97 percent, Harvested 2 percent. The next available report will be August 15, 2018.

Grower FOB Farm Gate Organic Grain

GROWER SPOT FEED GRADE PRICES: Yellow Corn: 9.25-11.00, avg 10.00, down 0.12, yr ago 8.27. Soybeans: yr ago 18.13. Food Grade Wheat: 9.65-14.00, avg 12.28, yr ago 9.31.

FORWARD CONTRACTS: Feed Grade Yellow Corn: 9.00-9.85 for Oct ‘18-Apr ‘19.

CASH BIDS: Feed Grade Yellow Corn: 9.50. Soybeans: 18.25-19.00.

Grower Delivered Warehouse

and Elevator Organic Grain

GROWER SPOT FEED GRADE PRICES: Yellow Corn: 9.50-12.00, avg 10.65, up 0.44, yr ago 8.69. Soybeans: 18.30-19.15, avg 18.90, up 0.01. Wheat: 8.00-10.50, avg 9.07, up 0.74.

FORWARD CONTACTS: Yellow Corn: 9.12-9.85 for Oct ‘18-Mar ‘19. Wheat: 8.10-8.25 for Sept ‘18. Food Grade Wheat: 8.50-15.00 for Aug ‘18-Sept’ 18.

CASH BIDS: Feed Grade Yellow Corn: 10.00-11.25. Soybeans: 18.80-20.00. Wheat: 9.50. Oats: 3.75. Barley: 7.25. Rye: 7.35.

SOURCE: USDA Livestock, Poultry, and Grain Market News, Greeley, Colorado | 970-353-9750 | greeley.lpgmn@ams.usda.gov; and USDA Livestock, Poultry, and Grain Market News, Des Moines, Iowa | 515-284-4460 | dsm.lpgmn@ams.usda.gov, ams.usda.gov/LPSMarketNewsPage