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Rayglen Market Comments - January 05, 2017

Welcome to a new year. We are 4 days away from the start of production week and markets remain quiet. The red lentil markets continue to feel outside market pressure as the Australian crop is now being sold to India. Canadian lentils are also being somewhat affected with Egypt going to zero tolerance on Sclerotinia in lentils, which means buyers will be more cautious on buying #3 lentils. We will have to wait and see how this effects the markets. Large greens have slipped a little in pricing and markets have seemed to turn bearish. On the new crop pricing front, small reds and large greens are hard to find a bid on. Buyers are still showing some interested in new crop small and medium green lentils. Best advice for now is to keep yourself up to date on prices and market fluctuations. ...

Rayglen Market Comments - December 21, 2016

Flax prices are mostly sideways this week. #1 quality flax has moved slightly. It was up to $13.25 for a couple of days them back down to $13.00 delivered, but milling quality remains at $13.00 picked up in the yard. The movements are out into Mar / April. Yellow flax demand has been on the quieter side, but $18.50 has traded here and there. StatsCan production numbers have not seen any major changes, rather those changes are coming from the demand side. EU linseed prices have gone up in recent weeks as trade from Russia has been interrupted. There are reports of some residue on Russian flax that is above MRL allowable limits. There are weaker purchases from the US with their larger flax crop, but movement to the EU and China are offsetting those weaker purchases. Flax prices are likely to remain firm. ...

Rayglen Market Comments - December 14, 2016

We have seen a recent cold stretch across the prairies, but there is some light at the end of the tunnel. Forecasts suggest warmer weather for the upcoming week, which at this point is very needed. Some more exciting news is talk about increased interest in Canadian oats destined for Mexico. Canada is the main provider of oats in Mexico. Mexico is one of the biggest importers of oats in the world and the Mexican government is trying to promote oats as a healthy dietary requirement. The Mexican government is also trying to promote a healthier lifestyle overall. As for prices, oats have been trading around $2.75 FOB farm for a good quality 2CW. Feed oats have still been sitting around that $2.00 to $2.25 FOB price. ...

Grain Insight Special Alert - December 9, 2016

The following items were of interest in today’s USDA supply/demand report . . . ...

Rayglen Market Comments - December 7, 2016

There hasn’t been much movement in pea prices as of late. Yellow pea markets are holding at $8.25/bu, and the odd buyer still able to pay $8.50/bu FOB for January – February, movement depending on location. Since last week, there still hasn’t been a change in green pea pricing. For a larger varieties $9.00/bu FOB should still be attainable for most areas in Saskatchewan. We also have a small market for smaller variety green peas sitting around $8-8.25/bu FOB depending on freight. Currently, we have no new crop pea pricing available, but opportunities should be brought to light any week now. It is good to know your variety when calling in for prices. Overall the field pea markets held firm from last week’s trading. India has planted a record area of pulses; their progress is coming along quite well. ...

Rayglen Market Comments - November 30, 2016

Mustard markets have been stable over the past week and we are seeing steady booking of acres occur with good new crop values. Yellow spot bids have popped to 30 cents for Jan to February type movement, and oriental spot bids are hovering around 28 cents. The leader on current crop pricing is brown mustard, with some opportunity to sell product at 32 to 33 cents picked up in the yard. The movement on this could possibly be within a month or two, a good option perhaps for bin space and cash flow. New crop pricing has yellow sitting at $0.34, brown is at $0.32 and oriental is also at $0.32 for Forge or Cutlass varieties. All of these are full crop year movement. There are options for a lower value with quicker movement, as your merchant for details. All have an Act of God for 10 bu/acre. We now have certified seed available delivered to your yard, so call the office for details. ...

Recent Commodity Bids

  • 2017-01-16

    Mustard - Oriental

    Movement: FOB January - February, 2017

    Area: Contract Type: Production Contract

    $0.32/lbGrade: #1 Canada

  • 2017-01-16

    Mustard - Brown

    Movement: FOB September - March, 2018

    Area: All Areas Contract Type: Production Contract

    $0.33/lbGrade: #1 Canada

  • 2017-01-16

    Mustard - Yellow

    Movement: FOB September - July, 2018

    Area: All Areas Contract Type: Production Contract

    $0.35/lbGrade: #1 Canada