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Good Day,
I hope you had a successful harvest this year, from what we have been seeing and hearing most areas had above average yields. That is excellent news, however, the markets are pricing in the extra bushels this year with pricing that is below producer expectations and unfortunately we really don’t have much good news to share on the pricing front. November is here. No snow in SW MB so far which is very good. We haven’t had very much sunshine but also not a hard frost which is unusual for Nov 6th. It has been a trying harvest this year in most areas in MB. I was talking to one of the producers I work with and he said that he was as long harvesting as it took the crop to get to harvest. Generally from conversations with our producers all across the prairie provinces there has been a good crop grown, some quality issues caused by that 10 days to 2 weeks where it either rained or had very heavy dews and the temperature was in the mid teens - even at night. I have been involved with grain farming for 50 years now and I have never seen sprouting/chitting so widespread in all crops as I have this year. That being said the line companies have had some decent programs to deal with some of the out of spec grain. Luckily most of the grain ended up dry so we might escape the other surprises as winter moves along. We have had very disappointed producers in regards to feed grain prices. Barley is down at least $1 from last year. Nov 1st 2025 we are seeing $4.25 barley where Nov 1st 2024 we were seeing 5.25. Feed wheat is similar with Nov 2025 at $5.75 and Nov 2024 was at $7.00. Sprouted oats are starting to become a problem to move at decent price levels. At the start of harvest $3/bus was possible, but as the sprouted bushels increased the price has dropped below $2.25. Milling oats are in the $3.25-$3.50 range picked up in the yard. These prices have been driven by world markets to some degree, but a big part of our low prices is just over supply. Big wheat crops and 100s of thousands of bushels downgraded to feed because of sprouting, barley with 10% better yields than normal but a significant % of the crop struggling with chitting. Big oat crops but more feed (sprouts) oats than I have ever seen. And to top it off, higher corn acres than ever with 1 of those acres growing 20 bushels more than the grower ever imagined. As I have said more than once this year, there are much bigger problems than not enough space to store your crop. This will keep pressure on, especially, feed grain prices well into the new year. On another unpleasant topic - yellow peas. India announced a 30% tariff that’ll likely trim another 15% off of your bottom line for the year. Now that the surprise has faded from the market we are seeing a bit of a recovery. It is still very hard to get anywhere near $7.00 picked up for glyphos free yellows for Nov/Dec shipping. We do currently have buyers looking for Yellow Peas, price is $6.75/bus picked up for Dec/Jan movement (price subject to change based on location). If you are looking to get some peas moved before the new year best give one of us a call as soon as you can. On a more serious note when it comes to marketing your grain we have no problem kicking tires for you. We are good at it. We talk to between 20 and 30 different buyers depending on the grain you are selling. We do have a favor to ask of you. When we get prices for you, could you give the options some serious thought and then give us an indication of what would buy some of your grain. We like to hear your price targets as they help us do our job and open up productive discussion with our buyers. We very seldom push you to sell it all. But if your only response to our prices is that’s not enough, what good did that do? Give us a target/offer/indication please. Then we have something to take back to the buyer. Maybe they can sharpen their pencil and meet your indication. Maybe their counter will be close enough that you can live with it but at least then everyone knows what values are. If you are too shy to tell us your price targets we have a handy form on our website (follow the link) where you can enter your details and put in your price target that way. In Manitoba we are currently looking for 20,000 bushels of good feed wheat. In western MB for Nov and 20,000 bushels of good clean 55lb, dry corn in eastern MB. Let us know if you have some that you might be interested in selling. Before we go here are some prices we have been seeing in Alberta Barley is $5.40 delivered feedlots Feed Wheat is $6.70/bus delivered Rye is $4.85/bus picked up If you are between Lethbridge and Red Deer within 100KM of Hwy 2 with some good CWRS (13.0-15.0 protein) let us know and we can arrange getting samples from you. We have buyers for milling wheat but need to see a sample before we can price it out for you. That is all for this month. If you are looking to move any grain before Christmas give one of us a call and we will let you know what we can do. Until next month, Richard Chambers Marketer - Brandon, MB 204-729-1354 - Office 204-761-8320 - Cell [email protected]
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February 2026
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