QGM Organic Update - July 24, 2024

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