Grain Today - February 2021
Well we are firmly into winter for 2021. -53 C with the wind-chill in Brandon this morning. Not great weather to be thinking about moving grain. I hope you don’t have much committed to move this week as it is always twice as hard to work in this much cold. The idiot that said it’s a dry cold should actually try it some time.
Well that has the weather covered short term. We are hearing reports from all over the prairies that there was very little fall moisture and as of right now very little snow cover. We will need timely rains to grow a good crop this year. But when you think about it that is the same every year. If anyone has what they would call good moisture please let us know.
It has been an interesting year in grain markets. It seems so long as China and Australia are in the midst of a trade war the prices will continue to stay strong. We are seeing very strong feed grain prices in all areas. We have aggressive buying from AB feedlots for $310 delivered barley. Higher prices for May/June movement. The bids change significantly from day to day so it is a good idea to check with us before you sell. As examples we have had feed wheat bids of $273 for Feb March and $286 for May/June picked up Vulcan area. $5/MT less in south western SK for similar time frames. SE SK bids of $281 Apr/May ($7.57 net after brokerage) and $286 May/June ($7.71 net). I think these are very competitive prices for wheat. If you have issues selling #1 or #2 into the feed market we can call it #1 if it would help. I think these are competitive with any of the milling wheat bids out there.
There is always a negative for every positive. Just think how this will be impacting the whole feeding industry. There will be an ocean of red ink if these prices continue.
Here are some examples of barley trades:
AB Blackie - $299 for April/May
Rimbey - $287 for March
Delivered Picture Butte - $275 for Sept/Nov deliver
SK Kenaston - $271 Feb/Mar
Redvers - $265 Feb/Mar
Willowbrook - $268 Feb/Mar
MB Brandon - $266 Mar/Apr
Binscarth - $265 Mar/Apr
Corn in MB is playing a big part of the spread from AB to MB for feed prices. There are getting to be less movement for Feb as most buyers are covered. If you need to move some let us know and we can get you bids.
We have good demand for all kinds of feed grains, yellow peas, and lentils. Green peas are clawing their way back toward levels we had before Christmas, but still seeing softer demand.
Milling oats seem to be one of the commodities that haven’t been climbing in the new year. There is still a decent supply of oats in the US so this isn’t helping our prices. We do still have decent demand so don’t hesitate to ask us to do some price checking.
Aggressive buyers for heated and green canola as well.
As always stay safe, don’t let Covid get you down as it is just too cold to go out right now anyway. Let’s hope our government can get their act together and get Canadians vaccinated in a timely fashion.
Till next month.
John Falk Richie Yaremko
Marketer – Altona MB Marketer – Yorkton SK
Victor Dorma Reed McDonald
Marketer - Airdrie AB Owner/Marketer – Calgary AB.
Wes Schneider Howard Warren
Marketer - Vulcan AB Marketer – Champion AB
Robert Rusu Andrew Hall
Marketer - Moose Jaw SK Marketer – Lethbridge AB
204-729-1354 – office
204-761-8320 - cell