Grass and Legume Seed Market Update - September 1, 2009

 
  Grass and Legume Seed Market Update - September 1, 2009
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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.

As harvesting equipment continues to roll throughout the prairies, the annual softening of prices at this time of year is once again kicking in. However, in the grass and legume end of things, these “softer” prices may be trend setting for the upcoming year, as large inventories of most grass and legume seed stocks are now being added to by this years’ production.

Processors continue to report slow new sales and seed movement. With warehouses full, single shifts at the processing plants are the norm this year, unlike previous years when 24 hour shifts would be occurring.

The Peace regions’ creeping red fescue crop is off, with early indications a slightly below average yielding crop coming off. But with fewer acres this year, total production will be well down. Price quotes are still in the 40 to 45 ¢/lb, with certified 5 ¢/lb higher.

The forage grass seed sector also remains stagnant, as few new sales have been reported. Prices are also feeling the harvest pressure, as grass prices have slipped across the board. 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 are now in the $1.20-$1.30/lb range. Common timothy seed quotes have backed down to the 30-40 ¢/lb range. Certified Climax timothy is quoted at a 10 to 15 ¢/lb premium. With a lack of new buying, and this lack of demand situation continuing to drag on, a turn-around does not appear to be near.

On the legume side of thing, common alfalfa seed prices are in the $1.00 to $1.20/lb range, despite Manitoba’s alfalfa seed situation, where wet conditions predominate, and a crop will not come off in many traditional alfalfa seed growing areas. Alsike clover quotes were in the 35-45 ¢/lb range, while Red clover quotes were anywhere’s from 60 ¢ to a 80¢/lb. Sweet clover quotes were similar to alsike quotes, at 35 to 40 ¢/lb.

In what should be a very busy time of year for seed processors, the opposite is holding true. There’s still very few new orders, and good seed inventories remain in both the US and Canada. Until processors start moving inventory again, growers may have no choice but to store.

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
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
Aug 4
42-45
50-55
40-50
50-60
130-140
140-160
35-40
45-55
100-130
80-100
35-45
35-40
Sept 1
40-45
50-52
40-45
45-50
120-130
140-150
30-40
45-55
100-130
60-80
40-45
30-40
Prices are quotes only, until orders come in, that's when firm pricing is established.
- prices in ¢/lb
Last updated Aug 4, 2009
Grass and legumes seed price quotes (cents/lb)


Prepared by David Wong, Market Specialist, Alberta Agriculture & Rural Development
Ag-Info Centre 310-3276

 
 
 
 
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 September 2, 2009.
Last Reviewed/Revised on September 3, 2009.