QGM - Organic Update - November 19, 2024

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