Grain update - April 21, 2021

Good day,

Richard and myself have decided we might try 2 monthly newsletters. One written by him at the start of the month and the other written by myself near the end of the month. With Richard being in Brandon his prospective is a lot more Manitoba and Eastern Saskatchewan and I am in Calgary so my focus is in Alberta and Western Saskatchewan. If you find twice a month is too much and we don’t know what we are talking about, please call Richard with suggestions and insults.

Markets remain extremely volatile, seeing future markets up big one day and down big another. The latest price swings were because of cold weather concerns with much of the cold and snow hitting the mid-western USA last week (and some other macro factors but I am not smart enough to relay it in comprehensive thought). The Canadian Prairies finally got some moisture, in the form of April snow, and at this point all moisture is welcomed. In southern Alberta many producers have gotten an early start to seeding making headway on Wheat and Yellow Pea acres.

Quick Hits

• Seeing strong demand on damaged Canola (looking for green, heated, spring thrashed). Depending on your location we might be able to find strong bids picked up on farm in NE SK and MB. In Manitoba we have buyers looking to book New Crop Canola off the combine
• We are actively looking for damaged/heated Soybeans in Manitoba
• We are still seeing good demand on most feed grains however barley has been seeing higher demand over feed wheat
• In Alberta it seems many producers are waiting for $7.00 picked up Barley which at this point is still some ways from happening with feedlots bidding under $7.00 delivered in June/July
• Feed Oat bids come and go but we have been seeing some ok prices lately
• More New Crop bids are starting to come out as we approach the summer. Many buyers are still gun shy after the run on feed prices from October to November last fall
• Feeders still have some ways to go to catch up to where Elevator bids have been on new crop so producers may hold off on the majority of their production to see how things shake out
• Seeing demand in NW Saskatchewan for 13.5 protein or better CWRS #1/2 Wheat for prompt movement. Indicating $9.00 delivered (Battleford area) with $0.03 / tenth protein premium
• New Crop Soft White Wheat bids along the AB/SK central border are indicated at $6.50-6.75/bus picked up Oct/Nov/Dec - depending on location
• The milling oat market has cooled off to around $4.00-4.15/bus picked up on old crop
• It is sounding as harvest in India has not been going as planned further fueling bullish sentiment many pulse producers have been holding dear to. Latest Red Lentil bids are at $0.31-32 delivered to processors in SK and Large Greens are at $0.375-0.38 FOB SK
• W A Grain has had their licences suspended by the Grain Commission while they undergo an audit. We will report any news/information that is passed along to us to keep everyone updated

Give us a call if you have any questions or would like to price out current crop or new crop picked up at the bin.

Until next time,


Reed McDonald
Marketer/Owner - Calgary, AB
403-380-5044
reed@qualitygrain.ca