No big changes in feed wheat market prices this past week. We still have bids around $3.75/bushel picked up for max 10 parts per million salvage grade durum. This bid is dependant on a bushel weight of 58lbs. Discounts will be added upon light or tough product. On traditional feed quality (under 1 ppm vomitoxin) the prices are considerably better; still hovering in the mid $4.00/bu range. The hot priced commodity this week in the wheat world is good protein western red spring with new crop and old crop pricing indications up over $9.00/bu delivered to plant. The durum market looks like it will be starting to perk up a little again with more interest floating around the country. Call the office with your specs and we can work up a bid picked up in the yard or loaded rail nearby.
Rayglen Market Comments – June 29, 2017
June 29, 2017This year chickpeas have been the most profitable crop that has been put in the ground. With new crop still sitting around $0.52 /lb for a #2 quality with discounts available to be locked in on lower grades, growers can lock in some very profitable numbers for the fall of 2017. Those new crop pricing opportunities also come with an act of God clause and are based off of picked up on farm numbers for September to December movement. As for old crop, it has been trading at $0.65 /lb for a #2 price as a FOB farm bid across the board on sizing with some max allotments on the 7mm and smaller sizes. Buyers are looking for all grades currently and high green count and damaged product is still very aggressively priced. If you still have some product left unpriced in the bin, we can figure out a price for you based on your quality and amount.
Rayglen Market Comments – June 21, 2017
June 21, 2017Not much change in mustard markets this past week. Growers continue to hope for rain in select areas as germination is an issue for some. The picture should become a little clearer as we move forward with showers forecasted for many areas all week. Carryover is still on the heavy side, so we should watch weather going forward. Attractive new crop mustard options are still available. Brown has triggered at 35 cents, on par with yellow, while oriental remains at 33 to 34 cents/lb FOB farm for full crop year movement. These are act of God contracts and picked up in the yard. Spot mustard is stable at 30 to 31 cents on yellow, 28 to 29 cents on oriental and as high as 36 cents in some trades on brown. Call the office for a variety of different movement options for all new crop contracts and talk to your merchant.
Rayglen Market Comments – June 14, 2017
June 14, 2017Not much change in the mustard markets during the past week. Some concerns have crept into the market about dry conditions in some mustard growing areas, but not enough to affect the markets quite yet. Showers and rain have been forecast to move through some of these dry areas next week. The picture should become little clearer as we move forward. Carryover is still on the heavy side, but we should watch weather going forward. Attractive new crop mustard options are still available. Brown has triggered at 35 cents, on par with yellow, while oriental remains at 33 to 34 cents/lb FOB farm for full crop year movement. These are Act of God contracts and picked up in the yard. Spot mustard is stable at 30 to 31 cents on yellow, 28 to 29 cents on oriental and as high as 36 cents in some trades on brown. Call the office for a variety of different movement options for all new crop contracts and talk to your merchant.
Rayglen Market Comments – June 07, 2017
June 7, 2017The local feed wheat market has not changed a whole lot in the past week. We still have a few buyers looking to pick up max 10 ppm vomitoxin product at $3.50 to $3.75/bu in the yard. Opportunities for low vomi, under 1 ppm, are still available and at aggressive levels with bids coming in at $4.50 to $5.00/bu picked up in the yard in most areas. These bids are for high quality feed with specs and freight the determining factor. Milling wheat prices are a little stronger as of late, based on news of US crops not looking quite as strong. We have a few buyers with some interest in milling durum still in the bin so get your grades into the office to see if we can work out a bid for you. If you are looking for a fall price on new durum, markets have not been overly aggressive, but there are some selling opportunities available.
Rayglen Market Comments – May 31, 2017
May 31, 2017Soybean traders were awaiting Tuesdays U.S. crop condition rating. U.S. soybean planting is progressing on pace at 67% planted. 37% of the crop has emerged, which is behind the annual average of 40% emerged. Recently soybean futures traded down hard on technical selling linked with improving U.S. weather forecasts. The active Fund selling was spurred by continued Brazilian pressure on U.S. demand and the idea of more U.S. soybean acres for the current growing seasons as some Midwest farmers have struggled to plant corn amid an anomalously wet spring. In recent news, China’s soybean buyers are pushing to delay soybean imports largely originated from Brazil. Its estimated that this involves 5-7 panamax-sized vessels (~360,000MT total). Chinese soybean crush profits have swung to the biggest losses in nearly three years after China’s edible oil markets were flooded with rapeseed oil auctioned from national reserves and by growing imports of other alternative vegetable oils. This week Canadian old crop soybean prices are near $11.00/bu FOB farm and new crop values are $10.70/bu delivered.
Rayglen Market Comments – May 24, 2017
May 24, 2017No big changes to the feed wheat market these days as a large amount of high vomitoxin product remains in the system and feeders are slowly working their way through it. That being said, markets have been marginally stronger over the past few weeks than previously seen throughout the winter, with bids at $3.50/bu or better in many areas. Product must make spec, weighing up at 58 lbs, dry and having a max vomi of 10 parts per million. There is still a market on product over 10ppm vomi, lighter than 58lbs, or both, but it obviously comes at a discounted value. For growers in the southeast portion of Saskatchewan we still have buyer interest in #1 US grade durum for both product in the bin and for fall as well. Bids on this durum program are at around $7.75 FOB farm and quality is pegged at 300 falling number, max 1 ppm vomi and 85 HVK. If you have some product that would fit the bill touch base with your merchant.
Rayglen Market Comments – May 17, 2017
May 17, 2017Flax prices are a little softer this week with $12.50/bu delivered trading on #1 quality. Milling quality flax is still holding at $12.50/bu picked up in select areas. New crop prices are quiet this week, with little to no buyers interested. If there is any old crop yellow flax still on farm, $15.00/bu picked up in most areas should work. We are seeing bids on new crop yellow flax in the $13.25/bu delivered range. Flax volumes to the US were up slightly the last couple of months, but still well behind the average. Demand from Europe is trailing from last year, which leaves China as the dominant buyer. However, we are hearing of stockpiles of flax in China from recent Russia exports. For those with spring thrashed flax, we do have markets. Keep in touch with any moves in the market during this time of year with our email or text alerts.
Rayglen Market Comments – May 10, 2017
May 10, 2017Over the week, the market on peas has seen little change. We have old crop yellow peas trading at $9.00/bu picked up and green peas seeing bids at $8.25/bu delivered plant. For new crop, we had a little bump in larger variety green.
Rayglen Market Comments – May 03, 2017
May 3, 2017Soybeans have experienced a small rally due to the recent weather events in the U.S. Chicago Jul ’17 futures raised $0.20/bu up to as high as $9.75/bu. More heavy rain forecasted for Missouri/Indiana as a new storm is set to cross the US mid-south late Wednesday. Traders are waiting to see whether soybeans may be planted to replace some corn acres that were flooded from the recent heavy rains. Monday’s USDA crop progress report pegged nationwide soy planting at 10% complete as of Sunday, up just 4 points from a week earlier, but enough to push overall progress 3 points ahead of last year and the five-year average. A new fresh 14-month low for the Loonie had it trading below $0.73 USD, which continues to prop up our local bids. New crop average local bids are hanging around $11.50/bu.