Grain Today - Sept 3, 2020
I hope this note finds everyone making great time with their harvest. Some locations are being held up with iffy weather but on average harvest has moved along fairly well. All reports we are getting are average to above average yields and really good quality. Pulses seem to be grading 1 and 3. With milling wheats largely #1 with good protein and better than average yields. We have not talked to anyone with durum grades or yield info. If someone has some in the bin would appreciate an update on yield and quality.
The barley yields seem to be above average other than a couple of pockets that missed that 1 rain which barley always needs. Quality is excellent. Good bushel wt, lower protein, great germ, no chit so that means there will be lots of malt quality barley around. Now we just need to get sports fans back in the stands and drinking beer so there is somewhere to sell all this great barley. Another fall-out of Covid. Right now feed barley is trading at $210 delivered Lethbridge for Sept delivery and $3.30 to $3.50 picked up in western MB and eastern SK. Better prices as you move further west. Freight availability is playing a big part in the markets just like it does every fall. As bids are $230 for Jan/March delivery it makes me think we will see better prices as we move away from harvest pressure.
We are seeing good quality and yield in the MB oat crop as well. 100 to 150 bushels and 245g/.5l (43lb) or better for bushel weights. Not likely will we see the run up on oats that happen this past spring where even spring thrashed oats where bringing good dollars. Right now trading $3 picked up for oats in MB and SE SK for further out. Prompt movement is at a 20 to 30 cent discount. Buyers are moving their new crop contracts before they start looking for more.
Yellow peas are still struggling to get much over $6 in MB. Bit better prices in AB as west seems to be the direction of shipping so far. We do have a buyer looking to contract yellows for the 20/21 crop year in MB. They will have a premium for early sign up. We will keep you posted as we get pricing. We are seeing more buyers moving towards no glyphosate for pre harvest on peas and I have talked to several growers who have been less than impressed with the dry down they have got from Heat. If anyone has some tips as how to make this work better, I would love to hear so we can share it with other growers.
The pipeline for both brown and yellow flax is basically empty. We are still seeing good new crop bids on flax. $13.50 for 1 CAN picked up SW MB. There seems to be a bit more flax in the ground this year so will be interesting to follow this market. If you want us to kick some tires for you don’t hesitate to contact one of us.
That is about it for now. If you have questions let us know. If you have positive comments send them to me. If they are complaints send them to Reed. Until next month.
Have a safe and smooth harvest.
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