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Rayglen Market Comments - July 23, 2015

Latest acreage estimates from StatsCan pegged oat acres in Canada at 3.40 million acres, down from their spring estimate of 3.65 million, but still up from last year's 2.80 million acre crop. Crop conditions are all over the place as weather has varied from region to region. Oats are holding up very well though compared to other crops, with 62 per cent rated good to excellent according to reports. ...

Canada Outlook for Principal Field Crops - July 2015

As the 2014-15 crop year is drawing to a close, forecasts are nearing finalization. Despite the major decrease in production and supply from the exceptionally high levels observed a year earlier, exports are forecast to decrease only slightly from 2013-14 due to strong demand. ...

Rayglen Market Comments - July 15, 2015

U.S milling wheat took a small dive downward this morning about 4 cents/bu, with traders seeing higher stocks forecasted for this year as well as continued high values of the U.S dollar for the export market. Other countries are still buying wheat from Russia to counter these high values and get their hands on cheaper wheat. We are hearing reports that there is a quality issue with the U.S winter wheat this year, which could help that price start to climb. We are seeing some new crop HRS wheat bids loaded rail and now, possible FOB in the right area. ...

Rayglen Market Comments - July 8, 2015

The hay market is all over the place on the prairies this year. With dry conditions and feed supplies depleted from last winter, this is a sellers’ market. But on the other side the producers that need to buy are looking at it a different way. Do they sell their older cows that they have been hanging on too to get a high priced calf when they had the feed? Do they sell there replacement cattle as prices are still pretty good? If the producer does decide to sell these cattle they aren’t going to need as much feed as they did last year. We are hearing asking prices in that $200-$300/ton range in the stack for this year’s hay, but at the same time the end users are sitting in the range of $150/ton to maybe $250/ton delivered in. The buyers aren’t in panic mode quite yet as they can possibly cut some crop or find a neighbours crop to cut green feed which would cover them for the winter. If you have any hay to sell or are looking to buy, have a look at our program. It guarantees the seller gets paid and the buyer likes the product they are receiving. Please give anyone of the merchants a call to discuss this program. ...

Did You Receive Hail?

Kugler 2075 is recommended to give damaged crop the best chance at bouncing back. Read on for more details. ...

Rayglen Market Comments - June 24, 2015

The pea market is a little livelier this week in spurts as a few old crop trades on yellows and greens have come through. The yellow market has triggered a few small trades at $8.50/bu in the yard in select areas where freight works well for buyers, if you have interest let us know and we can try to firm that up in your country. The new crop yellow market is quiet but a few buyers are looking to see some offers to gauge a jumping off point going into the fall. Green peas have been trading on a few small lots around $8 but bids are pretty hit or miss on the greens as of late so catching a trade is not a slam dunk at this point. ...

Recent Commodity Bids

  • 2015-07-27

    Flax - Brown

    Movement: DELIVERED September - March, 2016

    Area: Western Sask/ Alberta Contract Type: Production Contract

    $12.50/buGrade: Milling

  • 2015-07-27

    Mustard - Yellow

    Movement: FOB June - August, 2015

    Area: All Areas Contract Type: Spot Purchase

    $0.41/lbGrade: #1 Canada

  • 2015-07-27

    Mustard - Oriental

    Movement: FOB June - August, 2015

    Area: All Areas Contract Type: Spot Purchase

    $0.38/lbGrade: #1 Canada