Good morning,
It has been a trying harvest so far. It seems to be following the old saying of what you don’t get harvested in August will have to wait until October. I hope that isn’t correct because there is still a lot of acres to chew through. We are seeing most of the cereals showing up with sprouts. This hasn’t been too big an issue in the feed market but some of our producers are having trouble with rejection at the elevators with sprouts in their wheat. If even 25% of the wheat in the field has sprouts this tells us there is going to be even more feed grain. At one time I thought we had seen the lows on the feed grains but with the harvest dragging and quality suffering we are finding out differently. We have seen feed barley drop from $4.25 in southern Mb, $4.00 in southern SK and $4.50 in southern Ab to new lows. We are trading barley for $3.60 - $3.80 in Mb, $3.50 - $3.70 in SK and $4.00 -$4.25 in AB. These prices are for dry barley with a few sprouts. Tough discounts are $.10/bus/point. This is a big hit with prices as low as they are. We are still seeing good interest in milling quality oats but they need to be dry. Not many buyers of oats have drying capacity to deal with the moisture. $3.10 in western MB to $3.40 in AB. Feed oats are not far behind at this time. As more sprouted and mildewed oats get harvested we will see the spread widen. On that note if you are going to have to sell feed grains because of cash flow or space requirements it likely is a good idea to do it sooner than later. It will take a while and some seller resistance to move these prices off their lows. We still are seeing heated old crop canola showing up. I hope none of you have those issues but if you do we have good demand. Price depends on how heated and location. Something to remember as you are marketing your crops. Just because a feed-mill or grain buyer calls you direct to buy your grain, this doesn’t mean he is offering you what is the highest price available in the market that day. His job is to source grain profitably. Our job is to help you maximize your returns. We don’t charge for helping you check prices, only if the sale is completed through us. Until next time. Have a safe harvest. Richard Chambers Quality Grain Marketing 1-204-729-1354 -Office 1-204-761-8320 - Cell Richard_qgm@mymts.net
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Good morning
We are seeing some pretty reasonable barley offers right now. As an example. $202.25 ($4.40) delivered to Elie MB area. This is for 50 lb, dry, <.2 ppm vom, no ergot, no sprouts barley. Delivered in Sept/October timeframe. I mention the no sprouts as a lot of the barley that we will be seeing going forward will be sprouted and possibly tough. I have had producers show me barley that has sprouted standing. There is going to be lots of barley around but if you want good, hog quality this might be a chance to latch on to some of your requirements. Give us a call and we can talk about your requirements. Richard Chambers Quality Grain Marketing 1-204-729-1354 -Office 1-204-761-8320 - Cell Richard_qgm@mymts.net Good morning,
With harvest under way we have seen prices continue down through out August. Feed barley bids are $3.75 in western MB to $4.00 in eastern MB. This does not mean that producers are selling unless they have odd loads that wont fit in their bin. We have producers in eastern SK who would sell barley at $4.05 picked up if anyone is interested. It is 50#, dry, <.2 ppm vom. It would need to move first half Sept. We have been seeing feed wheat prices drop as well. We have been showing producers bids of a high of $5.45 in eastern SK (Fairlight SK) to a low of $5.25 in the Yorkton area. These prices are not good for the grower but should help livestock producer. We have seen yellow pea bids drop to under $6.00 picked up in western MB with similar bids in eastern Mb. I would appreciate it if someone would let me know what price level yellow peas would have to be to pull into your rations. We do have a source of pea chips from a splitting facility that would deliver into the Portage/Elie area for $185/MT. This would be available on a regular basis. I have attached a picture. We have traded some corn in the $5.50 picked up eastern Mb range. Down from its high but still not real cheap. We haven’t moved any soymeal so I don’t have any current prices. Give me a call if you need another source of feed grain or are looking to market your surplus. We also can help find trucks if need be. Until next month. Richard Chambers Quality Grain Marketing 1-204-729-1354 -Office 1-204-761-8320 - Cell Richard_qgm@mymts.net |
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