Grass and Legume Seed Market Update - July 7, 2009

 
  Grass and Legume Seed Market Update - July 7, 2009
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 The old saying, “no news is good news” definitely does NOT refer to the grass and legume seed industry, as “No news” is simply that, ……no news”. Although the trade is reporting fair to good retail sales this spring, the wholesale seed market remains virtually dead. Processors are now not quoting prices for old crop, as their warehouses are full, and many are running minimal shifts in their plants. The only good news is that much needed rains have arrived to a good portion of the Province, although it’s won’t be known until harvest begins in a few weeks, if these rains arrived in time. Up here in fescue country, good rainfall amounts have been received on the BC side and south of the Saddle and Birch Hills, but other Peace regions are only reporting rainfall amounts of ½ an inch or less.

With wholesale sales and new quotes lacking, most quotes will be what processors feel the seed is worth at present. Until new orders come in, new quotes won’t be available.

In the turf seed end of things, the US housing market has picked up, but probably won’t be reflected in turf grass seed movement for a while. And as long as the world economic jitters continue, the end users of turf seeds just won’t see hordes of buyers coming through the door. Creeping red fescue quotes are in the 40 to 45 ¢/lb range for fall. Like last report, with fewer acres this year, lower production is expected. And with good stocks in warehouses, and the economy still on it’s way to recovery; don’t expect any upward price movement anytime soon.

With the majority of hay and pasture seeding wrapping up, forage grass and legume seed quotes will remain stagnant until new orders come in. Most prices have been pressured due to a lack of demand. Last quotes for smooth brome grass quotes were in the 40 to 50 ¢/lb range for common seed, with Certified Carlton 5 to 10 ¢/lb higher. Meadow brome grass seed quotes remained in the $1.40-$1.60/lb range. Common timothy seed quotes were in the 40-45 ¢/lb range. Certified Climax timothy is quoted at a 10 to 15 ¢/lb premium. Except for meadow brome grass supplies, other grass species are plentiful.

On the legume side of thing, common alfalfa seed prices were in the $1.00 to $1.20/lb range. Variety not stated alfalfa seed can be 20 to 30 ¢/lb higher, depending on the variety initially grown. Alsike clover quotes were in the 35-40 ¢/lb range, while Red clover quotes were anywhere’s from 80 ¢ to $1.00 /lb. Sweet clover were similar to alsike quotes, at 35 to 40 ¢/lb.

With very few new orders, the markets are very quiet. These market signals are telling growers to be prepared to store. In fact, until the processors start moving inventory again, growers may have no other choice, unless they want to sell at bargain basement prices.

Grass and Legume Seed Quotes
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
Cert #1
Common #1
Cert #1
Common #1
Cert #1
Common #1
Cert #1
Common #1
Common #1
Common #1
Common #1
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
160-170
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
Feb 3
55-60
65-75
45-60
60-70
160-165
170-190
40-45
50-65
120-150
115-125
40-50
35-50
Mar 3
50-60
60-70
45-55
55-65
155-165
170-180
40-50
55-60
120-140
105-115
40-50
35-50
Mar 31
45-50
50-60
45-50
55-65
155-165
170-180
40-45
45-55
120-130
80-110
35-40
35-40
May 4
40-45
50-55
45-50
55-60
150-160
160-170
40
45-55
100-125
80-100
35-40
35-40
June 2
40-45
50-55
40-50
50-60
150-160
160-170
40
45-55
100-125
80-100
35-40
35-40
July 7
40-45
50-55
40-50
50-60
150-160
160-170
40
45-55
100-125
80-100
35-40
35-40
Prices are quotes only, until actual orders come in, that's when firm pricing is established
- prices in ¢/lb
Last updated July 7, 2009

Prepared by David Wong, Market Specialist, Ag-Info Centre, Alberta Agriculture & Rural Development

 
 
 
 
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 July 9, 2009.