Grain Today - October 8, 2019
I thought I would touch base with everyone today. It has been a wild ride in the weather department with more crap on the way. We hope that you have been able to get a chunk of what you have left off in these few good days. Brandon MB was lucky enough to have had the wettest (265 mm) September in a long time and it is a problem experienced by most of the prairies. Many locations are leaving the trucks on the road and bringing the grain to them. Not a great way to do it. Western AB has just got rid of the last 2 feet of snow and are getting more this week.
We are seeing most crops that are in the field being down graded with sprouting in wheat, barley, and canola showing up. Unfortunately, the buyers know there is lots of feed barley and wheat out there. This is reflecting in the prices we have been seeing. Feed wheat in Eastern SK at $4.50 with barley $3.25 to $3.50. We do get some short-term selling opportunities for a bit higher price. AB feedlots are feeling the pinch this week as AB producers can’t harvest some of their crops. We are also seeing better prices for feed wheat in MB as trucks from SK are very hard to find at this time. So, if you have feed quality wheat or barley in the bin in any location let us know so we can help you capitalize on these prices. They will likely be short lived.
We are looking for:
1000 MT Feed wheat in MB. (traded $5.80 picked up NW of Brandon last week)
500 MT of feed barley for delivery to feed mills in MB $3.85 del Killarney this week.
125 MT of feed green peas in SW MB or SE SK. End of Oct movement
Good quality rye in Southern AB
125 MT of spring trit in any location.
Both feed barley and feed wheat in AB for the feedlot market. Up $5-$7/MT from lows.
We have good bids on Metcalf, Copeland, Synergy and Bow barley. Malt quality, subject to sample, competitive bids picked up. We could use 5000 Mt of any variety.
We always have markets for heated and green canola.
Have a safe harvest. Call us to help with your price checking.
October Feed Update
I just thought I would drop everyone a line as to where feed grains are right now. Unfortunately, I have no good news. All this crappy weather has left a lot of the barley and hard red wheat with sprouting issues. Central SK producers are selling feed barley at $3.25/bus and feed wheat at $4.25 to $4.50. These prices are based on 48 lb, dry, low vom barley and 58lb, dry, low vom wheat. If it is tough the bids just get lower. We do have some opportunities for feed wheat at $5.15 delivered into the Steinbach area. The best bet for these prices to stabilize is if the line companies start to develop a feed grain export program. They might be forced to do this or their elevators will be sitting idol for a good part of the year. We will try to keep you posted if this happens.
I know there is still a fair bit of cereals in the field but if you know you will have feed quality grain let us know so we know who to contact when we have a buyer actually looking for wheat or barley. Right now, the buyers are just cherry picking what they can get cheap and that works into their delivery locations.
We are going to see the market flooded with feed pulses this year. This will not help yellow pea prices in the short term for sure. Feed lentils are $187/MT in central SK right now for Jan/Feb shipment with $20 less for Oct/Nov movement. This means yellow peas would have to be $4.75 picked up fob farm to be competitive on the feed side.
On another note if someone has the misfortune to have some of their canola sprout in the swath and I would be very interested in getting samples of the sprouted and some unsprouted canola from the same area. we have a crusher who is trying to put a fair value on spouted canola and this would help him do that. If you have some that would work let me know and we can figure out how to get the samples from you.
Quality Grain Marketing
1-204-761-8320 - Cell