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Rayglen Market Comments - April 27, 2016

Yet again, the oat market is quiet with no action happening on any front this week. However, there may be a glimmer of hope as the projected acreage report from Statscan could be viewed as bullish. The report came out stating that production of oats is projected to be down by 10.9%, coming in at just under 3 million acres hitting the ground. This news, if true, should help firm up prices and carryout stocks at the end of this year. With that being said, prices have not and currently are not moving. Today we are still getting oat bids around $2.50/bu FOB for a good quality #2CW and around $2.00/bu for feed oat quality. ...

Market Comments - April 20, 2016

The market for flax has had another quiet week, continuing to sit around $11.50 delivered in for #1 quality, with steady trading happening these levels. As for milling quality, it has been trading around $11.50 picked up at the farm, which is also actively trading. There are available production contracts for the fall, with indications of $11.50/bu FOB the farm with an AOG for a #1. We haven’t seen quite the excitement over new crop as of late, but these are still good levels to lock in for some bin space and cash flow. The Yellow flax market has been steady as well and bids have been indicated at $14.00-$14.50.bu FOB farm in the right location. The Stats can publication on seeding intentions comes out tomorrow, which will provide us with a good indication of what we are working with for acres next year. Many analysts figure that flax acres will most certainly be down from last year. ...

Market Comments - April 13, 2016

Flax prices have been flat, but the selling opportunities are steady. Milling quality flax is sitting around $11.50 picked up while #1 flax is $11.00 - $11.60 delivered to plant this week. New crop flax prices are staying strong with bids in the $11.50 - $11.75 range picked up with an act of God. Yellow flax has hit and miss opportunities, but we did see $14.40 picked up this week in select areas for limited tonnes. Global markets have been moving sideways on flax as old-crop supplies are viewed as comfortable. The USDA estimated that seeded acres will be down 16%. This could also be an indication about seeded area in Canada, but StatsCan does not release its seeding intention until April 21. Smaller 2016 crops will be offset by larger carryover supplies, leaving the price outlook flat. ...

Market Comments - April 6, 2016

The oat market is still very stagnant with little to no change that we can report this week. Values are not where farmers are willing to sell and overall demand has been very limited. Reports state this is due to a surplus of product in the US, making that export market virtually non-existent. Their markets are full and local plants have only been able to trickle product in and out. This reflects on milling prices we are seeing here, with indications anywhere from $2.10/bu- $2.50/bu FOB Farm. At the moment feed oats are sitting around $2.00 per bushel, picked up on farm. We may potentially see an upward trend this coming season as oat acres are expected to decline, but time will tell as there are still massive stocks left on farm and carryover could be large. ...

Market Comments - March 30, 2016

The pea market hasn’t seen much change from last week, with no major prices or demand fluctuations. Currently yellow peas continue to hold firm with buyers looking for some product at $13.00/bu picked up on farm for #2 or better quality and May/June movement. New crop bids are tougher to find at this time, with some buyers indicating $8.50/bu picked on farm or $9.00/bu delivered to plant with an act of God for Sept/Oct movement. New crop business at these levels have been sluggish on both buyer and seller side as of late. Green peas continue their sideways pattern, with buyers coming in and out of the market, but showing no signs of changing value. Currently buyers are showing $9.00/bu picked up on farm for #2 or better green peas. New crop green pea contracts are at the same value as yellow peas with buyers offering $8.50/bu fob farm or $9.00/bu delivered plant also with an act of God. ...

Grain Insight Special Alert #2295

Article Courtesy of Commodity Information Systems, Inc. - Email: info@cis-okc.com, Phone: 800-231-0477, or website: https://www.cis-okc.com ...

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