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News, BLOG, and RANDOM MUSINGS

February 27, 2024 - Organic Update - Ancient Grain/HRSW/Yellow Peas

27/2/2024

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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
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February 7th - Organic New crop Contracts

7/2/2024

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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
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FEbruary 5, 2024

5/2/2024

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Good afternoon:

Last week's sales and prices realized were encouraging. It's too soon to call it evidence of a trend but regardless, buyer sentiment seems to have improved on at least some crops. For how long, I have no idea; and to what end, I also have no idea. As a general rule most crops are down right now, with conventional barley often trading lower than conventional oats. 

Prices realized last week were:

Brown Flax     $47 FOB March-April
Golden Flax    $65 FOB Feb-Mar
Red Lentils     $69/$1.15 FOB Feb
HRSW            $21 FOB Feb-Mar-Apr  (retail ready close to market; expect closer to $18)
Yellow Peas   $22.50 FOB Feb-Mar

I need conventional glypho free yellow peas SE SK and MB $13 FOB, organic yellows #2 or better $22-23 AB-SK-MB FOB; red, green, and French lentils, and conventional rye offering $7-8 FOB in Alberta. I also need 20-60 MT of organic golden flax mid $60's. 

New crop contracts are offering $45 for organic brown flax. New crop organic peas will be issued in March. 

As always, premium product attracts premium price. 

Have a good day. Let me know what you have and what you're after. 


Andrew Turner
587-287-8447
[email protected]

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    Author

    Reed 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

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