January 30, 2024: Organics Update - Mixed Bag/New Crop Flax

Good chinook morning:

The organic market has been very slow as buyers and sellers adjust to the new normal of higher interest rates and abundant inventory on most crops. Movement has primarily consisted of good organic durum and flax with prices on both falling somewhat. Almost all movement is spot purchases and they change price from hour to hour. 

There is a continual demand for organic pulse crops but at the same time buyers are quite firm on their pricing which has also fallen slightly. The prices on offer are quite location dependent with higher prices in the south. 

I have a buyer offering new crop organic flax for $45 bu Sept-Dec 2024. Buyer prefers within 500 km of Yorkton but will look at all options. If you are a buyer or producer interested in new crop contracts please contact Quality Grain. 

I have a producer offering new crop organic yellow mustard 84/MT looking for indications FOB Stornoway MB. 

I have a buyer looking for 100 MT Organic Green Peas and another looking for Organic feed yellows farther east the better for Minnesota delivery. I have a couple loads of organic screenings one primarily wheat at $300/mt and the other peas-oats-weed seed at offers over $200/mt. 

Please contact me for more information. There's a lot more on offer within the system, both asks and sales.

Have a good morning,

Andrew Turner