QGM Organics - Wheat Signs of Life - April 16, 2024

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