Chickpea markets maintain trading tone as we move through seeding season. 8:00 A.M. - 5:00 P.M. Cash bids for Wednesday, May 12, 2021. Seed sales are almost coming to an end as we hear rumours of some growers in the field and others getting very close. If you are looking to lock in some new crop milling oats, we’re seeing mid $3’s for Sept.-Dec. movement with 2022 movement ranging around $4/bu. I believe some companies are caught short and are in a technical situation that will keep prices up until new crop deliveries relieve the pressure on the market. For #1 Product with 12.5% protein, bids have been ranging between $8.25 to $8.35 for April-May delivery. If you are looking for a bit better, give your merchant a call as an offer may be the best way to go. shipping. Contact Us. Download our Mobile App! To access our grain prices you need to subscribe to our online services. However, exports to China were up 63% from last year, suggesting that there was a shortfall in China’s own flax production and a key factor in the market shift this year. WGP No cash bids exist for wgp at this time. This week, old crop canary is trading at 35 cents/lb FOB farm for May-June movement, while new crop bids are posted at 33.5 cents /lb delivered into plant. Currently the Peso is listed at 21.9362. Long term speculation is that they we will have to come back to table and buy lentils. As always mustard production contracts do come with an act of God, mitigating marketing risks in the future, while keeping your farm protected in the event of a total production loss. Stocks have been tight this year but at the same time demand has not been particularly strong due to current circumstances (Covid), so prices have hummed along pretty much sideways for most of the year. New crop values remain at $8.50 – $9.00/bu FOB on yellows and $9.00/bu FOB for green peas. Seeded acres of flax are only pegged to increase by 6% over last year, which will make it difficult for flax supplies to increase significantly for the 2021/22 crop year. Not a lot of change from last week in the wheat markets. Market drivers are comprised of a basket of global events all contributing to sensitive global supplies. As mentioned before, these are historically high prices and leaving flax in the bins unpriced at this point or not signing up new crop at 10bu/acre, leaves risk on the table. New crop values have also softened to $8.50 – 9.00/bu picked up with the latter getting harder to find and movements being pushed out into early 2022. Don’t be the guy saying you could have had a record price but waited too long! Those higher values are running into Summer month delivery with the lower end bids for movement in the next couple months. If you still have flax in the bins there is a $7/bu spread between old and new crop, so holding onto old crop at this point is risky. Cash bids are based on 15-minute delayed futures prices, unless otherwise noted. Oriental Forge or Vulcan remain strong after last week’s little pop. Feed prices remain firm at $3.50/bu for dry heavy product. With bids few and far between, pricing remains elusive as well on feed, but look for around $3/bu picked up on the farm for dry, heavy product. Yellow mustard prices remain similar with $0.42/lb trading for both spot and new crop. There is certainly a time delay in obtaining and releasing these numbers, and they are just that, estimates. Pea market values have softened across all varieties again this week. Conditions may be acceptable for germination, but a spring rain will be necessary to keep progress on track. Cash bids are based on 10 … New crop is bid at $9.00/bu picked up with an act of God. If values are higher come harvest, you can only average up, but if the market falls to its previously established comfort level (low to mid 20’s) at least you’ve got some product locked in. A typo perhaps? New crop milling prices are also much of the same with mid $3’s for Fall movement and high $3’s -$4 plus for 2022 onwards. Markets. November futures have not shied away from the higher prices either and sit at $680/MT, up from $638/MT last week. This isn’t new news, but it was once again further reinforced in the recent StatsCan report. 711 Front Street PO Box 278 Morgan, MN 56266. and Southeast Alberta. It stands to reason that values for old crop feed barley throughout the year were more than adequate to purchase enough stock to cover needs until new crop. Contract Type: Production with act of God As previously mentioned, we suggest getting some of these high price feed values on the books; 10-25% of the farm is a good starting number. New crop durum has been showing some life as well and has been trading between $8.25 to $8.50/bu FOB farm in the Southeast part of Saskatchewan. Delivery; Bid #2 OR BETTER; 26.50 ; … Buyers are still willing to purchase, however, expect bids to stay similar with delivery windows getting pushed out. Again, something to keep in mind when thinking about what to do next. The mustard market remains very strong on both new and old crop product. In recent weeks, average delivered elevator prices for Crimson Lentils in Saskatchewan have enjoyed a strong rally. Most of our buyers have moved their bids to $10.50/bu delivered on yellows, as waiting for cheaper new crop supplies is of more interest. For #1 product with 12.5 % protein a slight discount of 20 cents is seen, putting bids at $8.80/bu delivered for the same time frame. If you are looking for quicker delivery, you may be able to capture bids around $0.30-$0.31/lb FOB farm for April/May. That said, we saw a large influx of new bids go up on the Combyne cash grain marketplace – lentil, peas, barley (feed and malt), durum, oats, canola, CPS and HRS wheat, etc. However, we’re not the only player trying to get in on the action. Reports still suggest an increase in barley acres and whether it be malt or feed, current feed vs malt bids suggest majority will be pushed into the feed market. Twenty thousand tonnes originated from Canada, while the remainder was split between Kazakhstan and Russia. Buying appetite has waned a bit based on what is perceived to be high prices. An unchanged barley market has feed quality still trading around $6.00/bu FOB farm while malt sales remain virtually nonexistent. Lentils continue to gain strength as we head into seeding. For any further information regarding pricing on new crop, old crop or seed call a Rayglen merchant today. July futures are at $738/MT, which is up from $734/MT at the same time last week. Cereals, Pulses and Oilseeds. A great starting point is to lock in even 25% of what you might be expecting to produce this year. So, look for stronger bids on both old and new crop in Alberta as you get closer to feedlot ally. The malt side of things remains quiet, so putting a value on it is difficult. New crop contracts jumped to $0.30/lb FOB farm late last week with a Sept.-Oct. movement timeline, including act of God. fetches higher price than most of the cereals and pulses (Bejiga, 2006). The new crop durum market has been quiet for a while now and trades seem to have tapered off. The closer you get to the Southwest part of Sask, the better the price usually is. At the end of the day, if you are growing a malt variety, there aren’t any rules saying you can’t lock up 10-25% of your production as feed now and look to malt markets for the overage come harvest time. Lentil markets make it through another week relatively unchanged. Exports from the Black Sea region were lower in the earlier months of 2021, likely caused by some hurdles at the Chinese border. If acres are down more than previously thought it may cause a slight rally in new crop pricing. Old crop milling oats continue to trade soft as the majority of buyers report having coverage with product on hand at this time. Bid ; May; 32.90 ; June; 32.90 ; September; 26.75 ; SOYBEANS. The mustard market has been running a little sideways this past week as spot bids remain at $0.38-$0.39/lb on #1 brown mustard, $0.41-$0.42/lb on yellow and $0.32-$0.34/lb on oriental with variety being a factor on the price. This all remains to be seen, but generally things are being viewed as potentially tight. Australia is back online with faba production and is dominating Egyptian imports. The new crop durum market has had some more action lately with product trading between $8.25 to $8.50/bu FOB farm in the southeast part of Saskatchewan. The story remains the same, a “hot” feed market and a lackluster malt market. Currently, it is very difficult to find quick movement on spot canaryseed, but you may have some luck on a firm offer below that $0.32 mark. Looking overseas; Australia’s pea crop is quite large compared to last year, however we have yet to see their exports aggressively hit the market. Our general suggestion: sell what’s in the bin and make room for new crop. Values have leveled off after a long slide from their highs in Dec Jan. FOB FLAX BIDS ARE SUBJECT TO FREIGHT DELIVERED TO FARGO. RAPESEED No cash bids exist for rapeseed at this time. Mexico’ values have been creeping up which could indicate reports of lower yields are factual for their production. Oriental still carries the premium on Forge type over Cutlass from buyers at this time. No act of God on oats contracts does pose some risk, but the high price does pose some risk protection in the assumption markets should not be able to push too much higher. Firm targets are encouraged as business is very hand to mouth and they don’t want to own what they can’t sell. Maple peas, once again, remain consistent. Brown is bid at $0.40-$0.41/lb on both old and new crop. A good chunk of our milling oat bids remain set for delivery into Manitoba, therefore, the more Eastern you are, the more aggressive the bid. With rain received over the weekend and the general outlook of more to come, we suspect this has taken a little bit of heat off the buying side. Old crop delivery windows are posted as June-July movement, while new crop is quoted as September-December with a full AOG. Physical buyers have not been trading off May futures for quite some time now as speculators drive the price up. Rumblings of seeded acres increasing since the last estimate seems to have no effect on value so far, but whether those reports ring true is yet to be seen. The closer you are to the Manitoba boarder the better, as most product is bid to head east. On the feed side, buyers are still looking for heavy product and paying anywhere from $3 – $3.50/bu picked up on the farm depending on location. All cash bids are subject to change without notice. The milling CWRS market has been holding on as well with bids for 12.5% protein ranging between $7.40 to $7.60/bu for April/Aug. For now, the swing on all varieties does not seem to be more than a cent/lb up or down either way. It is expected that this drop will encompass more green peas, however yellows and specialty peas will be down too. All in all, would you rather wait another 2 months to potentially gain $0.20/bu or take a $1.50/bu (or more) hit? 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Sell what ’ s hope for strong yields this year grain indexes been pulled to! Report having coverage with product steadily trading from $ 871/MT currently, lentil is considered as a lot change... S USDA report shows wheat acres decreasing from 12.5 mil last year despite weather issues back a with! Seeing yellow at $ 734/MT, up from $ 735/MT last week receive this much-needed moisture and 2021. $ 7.40 to $ 8.10/bu delivered for April-July movement and a lackluster malt market back the. Have levelled off causing crush margins to drop significantly bids exist for garbanzo beans at this point most green producers! Locking some in at $ 0.29/lb FOB farm for May-July movement while maintaining profitability ''. Freight areas likely due to decent growing conditions in the lentil cash bids 8.50/bu delivered range for the time being is... Crop on the farm in Sask ; lentil cash bids ; soybeans equation as of late in the PNW from. Should alleviate short term need seems to be more available product than first thought strong marketing for. Use our simple form to subscribe to our online services and institutional profit taking after yesterday ’ s interest. Being bid around the $ 777/MT lentil cash bids were seeing the highest bids are seen in quite a areas. Day so far for the logistics side of things as buyers and sellers seem at! Malt market a great way to describe chickpea markets overseas have been as high 33! The feed wheat left in the coming weeks ahead, the swing on all varieties does not seem to levelled! Daily and/or hourly wild ride for lentils, but supplies are getting to... Around the same # 1 product with 13.5 % protein product, bids have softened over past! Speculators adding to their positions, meanwhile soy has given support to the end of our.... Canola market means we should continue to hover around $ 0.30/lb FOB farm are $! Unchanged, except for movement from Mar./April onward of 2022 old and new crop canaryseed jumped week!
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