October Feed Update

​Good morning,
 
I just thought I would drop everyone a line as to where feed grains are right now. Unfortunately, I have no good news. All this crappy weather has left a lot of the barley and hard red wheat with sprouting issues. Central SK producers are selling feed barley at $3.25/bus and feed wheat at $4.25 to $4.50. These prices are based on 48 lb, dry, low vom barley and 58lb, dry, low vom wheat. If it is tough the bids just get lower. We do have some opportunities for feed wheat at $5.15 delivered into the Steinbach area. The best bet for these prices to stabilize is if the line companies start to develop a feed grain export program. They might be forced to do this or their elevators will be sitting idol for a good part of the year. We will try to keep you posted if this happens.
 
I know there is still a fair bit of cereals in the field but if you know you will have feed quality grain let us know so we know who to contact when we have a buyer actually looking for wheat or barley. Right now, the buyers are just cherry picking what they can get cheap and that works into their delivery locations.
 
We are going to see the market flooded with feed pulses this year. This will not help yellow pea prices in the short term for sure. Feed lentils are $187/MT in central SK right now for Jan/Feb shipment with $20 less for Oct/Nov movement. This means yellow peas would have to be $4.75 picked up fob farm to be competitive on the feed side.
 
On another note if someone has the misfortune to have some of their canola sprout in the swath and I would be very interested in getting samples of the sprouted and some unsprouted canola from the same area. we have a crusher who is trying to put a fair value on spouted canola and this would help him do that. If you have some that would work let me know and we can figure out how to get the samples from you.
 
Richard Chambers
Quality Grain Marketing
1-204-729-1354  -Office
1-204-761-8320 - Cell
[email protected]