June 7th, 2024

Good Day,

May 2024 is in the books. It is amazing how things change weather wise. At the end of April producers were talking about no subsoil moisture. That is no longer a problem. Here in MB, there is still crop to put in. My best guess would be 70% seeded across the whole province. I think seeding has been impacted in various areas all across the prairies. For many years now, Southern AB was getting used to being done seeding early May, that was not the case this year. Northern AB is ahead of normal. Eastern MB is a bit behind due to excess moisture. And it goes on from there.

There isn’t very much to mention as far as grain prices and movement. It has been very quiet the last 4 weeks. My thoughts are that this is due to seeding dragging on. We are seeing movement opportunities becoming a bit reduced. If you need it to move asap you will take a big discount as most buyers are not short. We have seen a bit of downward pressure on some pulses. Red lentils have softened; yellow peas have come off their highs. If you need movement on some crops it would be better to start now than wait for July. The past few years July hasn’t shown a big backlog of grain, but I think there is still significant grain in the bins. And not much of it is priced for June/July movement.
 
Some New Crop pricing we have been seeing in MB: $4.75 delivered to mill on 2 CW Glyphosate Free Oats, $11.00/bus FOB on glyphosate free 2 CW Yellow Peas, just over $5.00/bus FOB on Barley, $6.90/bus delivered southern SK on Corn. Green Peas have been holding strong with old crop still over $17.00/bus and new crop hanging around $15.00/bus. New crop Small Green Lentils are just shy of 0.50/lbs delivered SK, Large Greens 0.55/lbs del, and reds are holding 0.34/lbs del.

Since it is a slow news month for us it thought I would run down the brokers in MB and I am the broker with the most years with Quality Grain I will start.
 
Richard Chambers, lives in Brandon, farmed in the Boissevain area. Worked at Eastman Feeds for 2 years.  Has been with Quality for 18 years. Can be reached at [email protected] or 204-761-8320.

John Falk, lives in Altona MB, farmed south of Winkler, worked for Seed-ex for 5 years, has been with Quality for 10 years. He is our corn guy. Can be reached at [email protected] or 204-362-0167.

Jeff Sigurdson, lives in the Winnipeg area and has been with Quality for 2 years. He is our protein guy (soymeal/ddg), can be reached at [email protected] or 204-205-0380.

Johan Brand, lives in the Cardale area, immigrated here from the Netherlands several years ago, works in the hog industry and has been with Quality Grain for 5 years. He can be reached at 204-757-3385.

Brent Lewis, lives and farms in the Minnedosa area, worked for Viterra and then Wilbur Ellis, has been with Quality for 2 years, he can be reached at [email protected] or 204-868-8070.
 
As you can see we have a diverse group of Brokers with solid farm backgrounds to help you market your grain. As usual their contact info is at the bottom of the newsletter.

If anyone would like help with marketing any crop, we are just a call or message away.

Quality Grain Marketing began text messaging updates last month If you would like to be added to our text group please let me know by texting the toll free number directly +1 (833) 768-8889 with your Name, Location, and crops you are interested in getting price updates on. Or if you would prefer you can let your broker know, respond to this email or scan the QR code below. 

Till next month,

​
Richard Chambers
Marketer - Brandon, MB
204-729-1354 - Office
204-761-8320 - Cell
[email protected]