Grain Today - March 2021
Since the weather is a safe place to start a conversation. How do you like these temperature swings. -31C yesterday to +2C this morning in Brandon. The good news is that spring is coming and we will see the usual ups and downs through March and April. Lets hope that in these 2 months we see some good general rains. Every where in western Canada is dry right now. Hope that changes before the drills start rolling.
I have a little comment to make on these great prices we are seeing. As we all know high prices have a tendency to cure high prices. These prices will be good until they aren’t. my biggest concern is that some producers will think that prices have to keep going up and maybe they are right. The big problem is that when they start down you will likely not be able to sell fast enough to catch the rally. I have seen this happen several times in my 45 years in the grain industry and it isn’t pretty.
This is possibly a place to consider pricing some new crop grain. We are seeing good values of several commodities. We will make sure that you have good reliable buyers. Most of our pulse buyers are offering AoG clauses which could be very valuable come this fall. Give us a call for help.
New crop prices
Yellow peas - $9-$9.50
Feed barley - $4.75 Aug/Sept SE SK
That being said we are seeing strong prices across the board. $7.50 feed wheat, $6.00 feed barley, $10 yellow peas, $23 brown flax, $4.25 oats. These are some of the values we have been trading in the past 2 weeks. These prices are from different locations in MB, SK and AB. If you have any interest in exploring what values are at your bin call or email us and we will do what we do and make your market easier and more efficient.
We are still seeing good demand for:
Feed barley, wheat and oats
Heated canola -e.g 60-70% heated at Wawota SK traded for $9.64 picked up.
Give any one of us a call and we will do the tire kicking for you. Until next month safe farming.
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