Grain Today - January 2021
If you are reading this email it means that 2020 is in your rear view mirror. It has been an eventful year with COVID arriving in full force in March then a dry spring with good seeding conditions that led to a good over all crop. Then we see China come into the grain markets and moving everything other than wheat higher in a significant way. We saw record or close to record prices in Oct/Nov. There have been higher prices but never so early in the crop year. It will be interesting to see if these prices hold or continue up. From most of the conversations that the staff at Quality Grain have had with producers there is a large percentage of the crop already priced and there has been very good movement on most commodities.
We are seeing early New Year interest in feed grains. We have had bids of $5 barley picked up in eastern SK for Jan movement. We have traded $4.00 plus for milling oats in several locations in Sk. Feed oats are trading in the $3.60 range, feed wheat is $6.50 to $6.75 depending on location. Corn is being bid at $6.55 for May/June picked up Southern MB. This is good for the grower but is raising hell with budgets for anyone with any kind of livestock on feed. Every day we get calls from someone looking for some form of lower cost feed.
Yellow peas are still holding their value ($8.50 Yorkton) but so far not moving back up to the highs. This could be due to concerns over some Chinese or Indian contracts not being delivered. Lentils and green peas have softened form their highs in Nov. who knows if this will last or will they come back into the spring.
We still are seeing very good demand for heated canola. This is not surprising considering where 1 CAN canola is and the possibility of the canola pipeline being almost empty by end of year. It will be interesting to see what the next USDA report does for beans and canola. Even very heated canola is bringing good money. This is likely a good chance to deal with that 1000 bushels you have in the old bin in the back that you aren’t sure what to do with. With all protein sources getting expensive many of the feedlots are using heated canola instead of DDG’s or soymeal.
I always like to mention something about what we do here to help you the producer. It is always a good idea to check with us when a buyer calls and offers a price. It might seem like a good deal but if you aren’t in the market every day as we are, you could miss an opportunity. If the buyer is calling you he will wait at least long enough for you to check with us. That is something we do. You don’t need to worry that we will be upset if you just use us to check prices. This is because that is one of the services we bring to you at no cost. So just call and compare.
Right now we are aggressively looking for soybeans in MB and eastern SK. Premium prices dependent on location.
We also have homes for:
15,000 bus of good barley in Western MB
400 MT of 2 CW oats in MB or Eastern SK
1000 MT of feed barley in AB
Heated canola anywhere
As usual give us a call and we will help kick some tires for pricing. We have 80 buyers in western Canada for all kinds/grades of grain.
Until next month. Take care and stay COVID smart.
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
Comments are closed.