Good morning:
The general thought is that organics are going through a transition. Two decades of growth has stalled as organics become just another commodity bought and sold as such. A handful of fairly major players have left the market in the past twelve months and a couple of new ones have started to move in. "Old Faithful" buyers are still there but may or may not be offering the highest prices. That said, high prices aren't necessarily everything. Good business relationships are critical. Demand for organic oats has been steady across the prairies with on farm bids between $8.50-$9.75 for movement now through April 2025 and loaded rail offers available. Oats in both organic and conventional appear to be a real opportunity, with oats being its own industry distinct from the other cereal crops and with a bit more leeway for off quality (low weights). If you have a solid organic rye bid please bring it forward. Lentil and pulse demand has been -- as always -- quite steady, with low supply. I'm seeing some organic durum and soft white wheat available. Organic feed barley demand is on again off again and seems to be sitting in the $7-8 range with malt being a fair bit higher. Wheat demand for organics is steady but prices have settled in lower. While I've been seeing some sales in the $20 range the high teens offers a more steady market. Results may vary on this one. Organic yellow peas are sitting steady at $22-24. This is more of a seller's market. As always, if you have anything conventional or organic to buy or sell please let me know. Thanks, Andrew Quality Grain Marketing Marketer C/Text: 587-287-8447
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The harvest is in and looks more or less good with some heat blasted crop here and there.
Prices are solid at $17-20.50 for milling grade wheats, $22-24 on yellow peas across AB-SK-MB, and $8-10 on barley. Oats are also hanging out in the $7-10 range. Rye is terrible and probably best used to soak up bitter tears of regret. Requests for lentils and other organic pulse are consistent and consistently hard to fill. If you have any please bring it forward, it's worth money. I'm seeing good organic durum brought forward, enough to fill fairly large orders. Likewise with organic barley. If buyers can bring forward a good price there's a good crop out there. I have a buyer looking for a supply of conventional barley along the Calgary-Red Deer corridor. I also have a buyer looking for good low bleach conventional green peas in southern Alberta. On the other end of the country in Quebec, I have a buyer looking for a larger tonnage of organic feed peas, any color. Have a good weekend, Andrew Marketer C/Text: 587-287-8447 Harvest is picking up in fits and spurts with rain putting a lid on it locally.
Organic prices are low-stable but don't appear to be falling too horribly. With the rail strike apparently knocked on the head, an economic disaster has been averted. Will it result in an election? Hard to tell. Corn harvests in the U.S. are massive and this will continue to tamp down overall crop prices. American organic buyers are glutted with a mid west wheat crop. As summer winds up and harvest gets into earnest going it will be interesting to see where prices go. My area has a lot of light and or over protein or otherwise feed grade grains and I suspect that'll be fairly universal. As always, my personal opinion is to tread conservatively. Let me know what you've got to sell and what you're after. Sincerely, Andrew Turner -- Quality Grain Marketing Est 2002 It's the height of summer. Product is moving forward, if at all, like a bad shift on a manual transmission.
Most buyers are counting on an overall drop in commodity prices and are generally holding out on making any purchases or even putting forward any offers. Sellers are having none of it and are simply going fishing. At some point, the two will meet on common ground but right now not a whole lot is moving. Producers in my area are starting to cut crop for greenfeed. If you've got organic new crop wheat (or anything else) and an idea on what you'd like to see for price please let me know. The few buyers that are serious about moving any old crop product are usually picking up spot purchases and the opportunity closes in a day or two. Thanks, Andrew -- Quality Grain Marketing Est 2002 Marketer C/Text: 587-287-8447 Everybody involved in organics appears to be waiting with bated breath for harvest. In my observation, there's no one thing that indicates fair or foul coming for this season's harvest. The result is that demand pops up then evaporates when some new sentiment comes forward. If a person is inclined to reading tea leaves or whatever I suggest that all there is to see at the bottom of the cup is a bunch of soggy brown leaves.
I'm seeing a holding pattern on all prices with the largest producer price determinate being logistics and therefore region. This may seem like an obvious statement but I'm finding it to be the biggest single factor in prices offered and prices realized. I do not foresee prices varying much beyond the current $8-9 on oats, rye, and barley, or much beyond the $19-22 on hard red milling wheat in AB, SK, and MT, with feed and western soft wheats in the mid-high teens FOB. Eastern/central soft wheat in the $10-12 range and hard milling in the $19's. *Good* flax is still a good price of $45-50 and I could see that bumping up a bit. Organic peas I can see hitting some higher notes of high $20's but don't quote me on that and don't bet the farm on it, either. If you'd like to sell new crop bring if forward. If you'd like to clean old crop from your bins, bring it forward. If you'd like to get a head start on marketing something new or unusual, bring it forward. If you have less than full loads, prepare to deliver it yourself unless it's in the 1200 bu + range. If the product is damaged or sub-par, don't be ambitious -- there's mountains of feed out there. Get it sold and move on. I have demand for: -- spot loads good organic milling wheat (these come and go) -- organic yellow peas (demand is constant so if you have any stashed bring let me know) -- good organic flax (poor quality there's little to no demand; good quality the price is solid) -- organic feed grade soy -- new crop milling wheat -- feed 'inventory' -- organic oats Have a good week, Andrew -- Quality Grain Marketing Est 2002 Marketer C/Text: 587-287-8447 Last evening ended with a long black storm crawling steady east from the Rockies. It went north by a couple miles. Based on the radar, whoever was under that storm got a good soaking. I am of the observation that the drought, at least in the Edmonton south region, is now over. As we head into the heat of midsummer it'll be interesting to see what kind of hail comes with it. There should be enough moisture in the soil though to set a good crop without blossoms burning off or stress attracting pests.
What we're seeing right now is bin clean up season, buyer top up, and a wide disparity in price offerings, particularly on milling wheat (about $6.50). There's been a lot of on-again off-again interest in rye and feed grains, but as a rule everybody is playing it close and the buyers are counting on a fat harvest to lower prices and keep them low. Demand is expressed and then promptly dries up when some new tidbit of speculation goes through the mill. If a price is offered and it sounds good, take it that day, whether through Quality Grain or whatever you choose to do. Trade is slow but steady right now with a lot of decision makers on holiday. Contact me if you've got something to move as right now, deals are taking some man hours to get done. I'm looking for conventional milling wheat starting 8.30 FOB July-Aug FOB for central Alberta with some room for counteroffer. I'm looking for buyer indications on organic oats and barley. I've got some large tonnage organic soft red well situated for immediate movement into the U.S.A. I'm looking for interest in organic canola for crush, and have a fair quantity of feed grains across the provinces. Thanks, Andrew Broker Organic And Conventional. Pulse, Specialty, Cereal 200+ buyers C/Text: 587-287-8447 Three Hills Markets are more robust than they've been in months with prices sitting steady. Demand is strong for organic products and prices are solid with a fair bit more competition as buyers look to tear farmer's attention away from their outdoor work.
However (and there's always a however): Quality is king. If the product is low FN or super high dock of any kind, you'll be expecting feed or at least sharply reduced prices, which are about 20-25% less than high grade grain. Sometimes a lower spec batch will blend out but often as not you'll be looking at lower prices, or a good price for a spot load. And another however: There's still a lot of product locked away. Waiting out for a crazy high bid could bring you through to next harvest, and the advantage flies off. It seems the drought is done. It seems the crop should be good. El Nina is done and El Nina drives the droughts. Barring some sort of random disaster, prices should stay right about where they are. You be the judge. If anybody is interested, I have a seller with 13 mt of wild mustard seed. Brassica Nigra. Very niche-y stuff. I have been approached by buyers for: -- organic brown flax at $48 del'd -- conventional golden flax please contact -- organic new crop peas, yellow and green -- conventional no glypho yellows, $11~ -- organic new crop hrsw -- old crop wheat of all types sitting in the $21 CAD/$15 USD range -- LENTILS -- all of them. Organic, conventional, black, green, red; little, big, whatever. New crop old crop etc. Let me know what you've got. Have a good day. Don't get stuck in the mud. Cheers, Andrew Quality Grain Marketing c/Text: 587-287-8447 Three Hills, AB Good morning:
Demand is for wheat is suddenly quite strong after a winter of hibernation. However, the price has stabilized at about $17-$20.50 depending on location with some exceptions for spot loads. Best prices are in southern AB-SK and fade down as transport costs hit the north country. It is my opinion that this represents a stabilization in organic trading and a new normal for prices. I am looking 1500 MT milling wheat in the $19-20 range south AB-SK, one spot load high end milling wheat in Alberta at $22+ but should at least be scalped if possible -- delivery terms possible; and a price indication on ~400 MT feed wheat. The quality on the milling wheat must as a rule be quite high (min 12.5 pro, dry, good FN, etc). I am looking for sources and price indications on feed grade organics for export, flax through barley and peas. Buyers are in a state of being completely uninterested until they aren't and then they want the stuff yesterday. The more information you have, the better. Thanks and have good day. Andrew Turner Broker 587-287-8447 Good morning:
I'm seeing steady demand for yellow peas and have been all winter. What this means for producers I don't know, except to state that the demand for no-chemical protein is high and steady. Bring forward any peas you want sold as the prices are solid and steady in the $23+ range for southern areas. I have buyers interested in ancient grains (einkorn, spelt, khorasan, etc). Consider planting a few acres or if you have some, by all means let me know. There's a lot of guardedness with the special grains in order to keep prices up but in my opinion all that results is a lack of price and market discovery...meaning that in the long run, an opportunity goes out the window due not to lack of interest but lack of knowledge. Our rail bid system is up and running. This allows special order delivery door to door and I believe would be of interest in points east of Manitoba and south into the U.S.A. I'd like feedback on the prior weeks' new crop crop contracts on flax. What do you think? In parting: There is a good steady market and demand for yellow peas driven by overseas buyers. Good demand for red milling wheat but must be of quality to expect much price wise. Consistent demand for ancient grains so consider planting some out if you can find seed. Consistent demand for organic hard white white both winter and summer. Let me know. Thanks, Andrew Good morning:
As the new season approaches please bear in mind the following new crop offers: Buyer looking to contract up to 1000 acres from several growers for organic hull-less oats at .25 lb CAD FOB. Total production with AoG. Grower must supply own seed and proof that seed is hull-less type. Organic status and current certification is required; southern Sask preferred production area but will discuss. Buyer looking for organic brown flax at $45 FOB 10 bu acre AoG; contract terms tbd. Offering Sep-Dec movement. Southern Sask preferred but will discuss. Different buyer than oats. Buyer of organic brown flax will also look to discuss golden flax production contracts at $50+ As a heads up, a buyer will be coming out with organic and conventional yellow pea contracts later this month and on into early March. Stay tuned. For today, if you have any organic or conventional triticale I have a buyer looking for 150 mt of each. Price dependent on location. Thanks, Andrew |
AuthorReed McDonald - Owner and chief blogger at Quality Grain Marketing. With all the noise and click bate headlines this agricultural based blog will highlight what current events I am following. Be sure to check in regularly for updated musings Archives
November 2024
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