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. ...
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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. ...
Reports suggest 27% of the oat crop is still left out across the province. When we compare that to an estimated 90% harvest completion, we can deduce, oat harvest is still a bit behind other crops. Unfortunately, if you haven’t gotten it off by now, chances are your harvest is done. A good run by most over the last few weeks put a bright spot in many producers’ eyes, but more recent weather events seem to have wrapped up any harvest activity. Surface moisture remains a major issue for northern regions of the province and tough grain has plagued the industry. Buyers are having a hard time trying to find a home for tough product. As for oat prices, trades have been taking place around $2.75 FOB the farm for a good quality #2CW. We have seen prices still hovering around $2.00 to $2.25 FOB for feed quality. ...
Over the past month, producers got a second chance at harvest, but as of today they may be finished due to blizzard-like conditions in many areas. Quality of the most recently harvested oat crop may be an issue, but we can only wait and see what kind of grades come back. As far as prices go, there has been more interest in oats as of late. Prices have bumped up a bit with some buyers stepping up and they have said they would go as high as $2.75 FOB the farm for a good quality 2CW oat. It’s a little bit off of the firm selling point of $3.00/bu that many producers have in mind, but at least it is a step in the right direction. As for feed oats, we have seen prices still hovering around that $2.00 to $2.20 FOB price. We aren’t sure if the recent snow and rain will complete harvest 2016, but we hope producers were able to take off a good chunk of what was left and the weather permits more harvest activity in the near future. ...
The following items were of interest in today’s USDA supply/demand report . . . ...
Harvest has begun again in Saskatchewan, and while we don’t have an official estimate of progress on the flax, there could be some lost quality. Prices still remain sideways with milling flax at $13.00/bu picked up in the yard for a Jan-March type movement. We are seeing #1 quality at $12.75/bu delivered to plant. Yellow flax prices are trading at $18.00/bu picked up in the yard this week. Further harvest progress will help meet the overall supplies needs for 2016/17 demand, but supplies still could be tight for milling markets. The delayed harvest has also meant slow farmer deliveries. The concerns about Canadian flax production and quality will likely continue to keep bids from falling too much, but a rally in prices is also unlikely. The competition from the Black Sea region will offset Canadian shortfalls. ...
Recent Commodity Bids
Movement: FOB December - January, 2017
Area: Contract Type: Spot Purchase
$0.00/lbGrade: Sound Quality
Lentils - Small green
Movement: FOB September - December, 2017
Area: All Areas Contract Type: Production Contract
$0.38/lbGrade: #1 Canada
Mustard - Yellow
Movement: FOB January - February, 2017
Area: All Areas Contract Type: Spot Purchase
$0.30/lbGrade: #1 Canada