Grass and Legume Seed Market Update - January 6, 2009

 
  From the Jan 6, 2009 Issue of the Grass and Legume Seed Market Update
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 Note: prices provided are normally given as grower prices, quoted by processors to growers after cleaning and dockage. However, with quotes now not being offered by many companies, last quotes may be provided.
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As we roll into the new year, the grass and legume seed marketplace continues to move at a snail’s pace, very slowly, with very little grass seed movement being reported. Processors continue to clean, but for previous commitments ordered many months previously. Any new business generally includes only partial orders of this and that, some not even enough to fill a container. The marketplace continues to be slow, with price quotes for many species not even being offered.

Except for a couple of species, most buyers and growers are aware that under normal situations, we are basically in a shortage position for many of our grass and legume seed supplies. But with no buying commitments, price quotes are not very good because no one knows the actual value of that crop. Once the world economy gets moving again, everyone is hopeful movement and buying will resume again, hopefully by springtime. Until then,
it’s wait time.

With very few new seed orders, price quotes have backed off. No one is buying right now. In the turf seed sector, most companies are not quoting Creeping red fescue prices. The last quotes have common creeping red fescue around the 60 – 62 ¢/lb range, with certified 10 ¢/lb higher.

The forage grass seed sector also remains quiet. Most prices are starting to be pressured due to a lack of demand. Smooth bromegrass, with good inventories in North America, continue to move down, with price quotes now in the 45 to 60 ¢/lb range. Certified Carlton in the 60 – 70 ¢/lb range. Latest Meadow brome grass seed quotes were in the $1.50-$1.70/lb range. Certified Fleet meadow brome quotes are anywhere from $1.70 to $1.90. Common timothy quotes and are at the 40 to 50 ¢/lb mark. Certified Climax timothy is quoted at a 10 to 15 ¢/lb premium.

On the legume side of thing, Sweet clover quotes are in the 40 to 50 ¢/lb range, but demand is limited. Alsike clover quotes are around the 40-50 ¢/lb range. Red clover continues to be strong, $1.00 to $1.20 + /lb. Common alfalfa seed prices have moved to the $1.20 to $1.40/lb range, depending on the variety initially grown. With good contracts available for pedigreed seed production, long-term alfalfa seed prices may be positioning itself for a move up.

Grass and Legume Seed Prices
Commodity
Creeping Red Fescue
Boreal C R Fescue
Smooth Brome grass
Carlton Smooth Brome grass
Meadow Brome grass
Fleet Meadow Brome grass
Timothy
Climax Timothy
Alfalfa
Red Clover
Alsike Clover
Sweet Clover
Common #1 - Min 97% Pure, 85% Germ
Certified #1
Common #1
Certified #1
Common #1
Certified #1
Common #1
Certified #1
Common #1
Common #1
Common #1
Common #1
Jan 8-07
45
47
110 - 115
140-145
120 - 130
150 - 160
20-25
40 - 45
90 - 95
65 - 70
25 - 30
25 - 30
Feb 2
45
45 - 47
110 - 120
130 - 135
120 - 125
150 - 155
20 - 30
40 - 45
90 - 95
65 - 75
25 - 35
20 - 30
Mar 2
45
45-52
115-130
135-140
120-150
150-160
20-25
45-50
90-95
65-75
25-35
20-30
April 2
46-47
47-50
130
155-160
160-165
185-190
25-30
45-55
90-100
65-75
25-30
20-25
May 4
48-50
50-55
120-130
150-160
160-165
180-190
25-30
45-55
90-100
65-75
25-30
20-25
May 28
46-47
49-52
120-130
150-160
160-165
180-190
25-30
45-50
90-105
65-75
25-30
20-25
June 22
45-46
47-50
120-130
150-160
160-165
180-190
30
45-50
90-105
65-75
25-30
20-25
July 13
45-46
47-50
120-130
150-160
160-165
180-190
30
45-50
90-105
65-75
25-30
20-25
Aug 13
42-45
45-50
100-130
150-160
150-165
170-190
25-30
45-50
100-110
65-75
25-30
25-30
Sept 7
45
50
100-130
150-160
150-165
170-190
25-30
45-55
105-110
65-80
25-35
25-30
Oct 3
45
50
110-130
150-160
150-165
170-190
25-35
45-55
105-115
65-80
25-35
25-30
Nov 7
45
55-60
110
140-155
150-165
180-195
25-35
50-55
120-125
70-80
25-30
25-30
Dec 5
45-46
60+
130
140-155
150-165
180-195
25-35
50-55
120-125
75-85
25-30
25-30
Dec 31
0.50
75
130-150
140-155
150-165
180-195
25-35
50-55
120-125
75-85
25-30
25-30
Feb 5-08
50
60
130-140
140-150
160-170
190
35+
55-60
120-130
85-100
35
25-30
Mar 11
52-55
60
130-140
140-150
160-170
190
35-40
55-60
120-130
85-100
35-37
25-30
Apr 1
55
60-70
130-140
140-150
160-170
190
35-40
55-60
120-130
85-100
35-37
25-30
May 6
60
65-75
120-135
140-150
160 - 170
170-190
45-50
55-65
115-130
85-100
23-40
25-30
June 3
62-65
70-75
120-130
130-145
160-170
170-190
50
60-65
100-120
85-100
35-45
30
July 8
62-65
65 - 70
100-120
110-120
150-160
170-190
50
60-65
100-125
85-100
35-45
30
Aug 5
65-68
80-90
85-110
110-120
150-160
170-190
50
65-70
100-125
85-100
35-45
30
Sept 2
65-68
80-85
55-65
65-70
150-170
170 -190
50-55
65-75
100-125
90-110
45-50
45-55
Sept 29
65
80
55-60
65-70
165-170
170-190
50
65-70
120-140
100-110
50-60
40-50
Nov 4
62-65
75-80
55-60
65-70
165-170
170-190
45-50
65-70
120-130
100-115
45-50
40-50
Dec 2
60-62
70-75
55-60
65-70
150-170
170-190
45-50
55-70
120-140
100-115
45-50
40-50
Jan 5-09
60-62
65-75
45-60
60-70
160-170
170-190
40-50
50-65
120-150
110-125
40-50
35-50
Prices are quotes only, until actual orders come in, that's when firm pricing is established
- prices in ¢/lb
last updated: Jan 6-09
 
 
 
 
For more information about the content of this document, contact David K. Wong.
This document is maintained by Brenda McLellan.
This information published to the web on January 6, 2009.