No 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. ...
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Flax 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. ...
Over 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 ...
Soybeans 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. ...
The feed wheat market is a little stronger here today as bids on max 10 ppm vomitoxin product with good weight (58lbs) and dry (max 14.5%) are up to $3.25 or better picked up in a lot of areas. Most of this product would be going southwest so these kinds of numbers obviously will be affected by freight costs the further north and east you are located. Touch base with your favourite, or second favourite merchant to a get a bid picked up on your farm. We do have some premiums on low vomi wheat (under 1ppm) at $4.00/bu or better floating around still, but some of these programs are specific to the type of wheat for best prices (red wheats ideal). Milling markets are showing minimal bids to speak of lately, but if you have some specs let us know what they look like and we can see what we can drum up. For durum growers in the southeast part of Saskatchewan, let us know your quality as we still have some pricing opportunity on milling quality in that area. ...
It has been yet another quiet week in the spot canary seed market, but we have seen some life in new crop bids. Reports suggest buyers ...
Recent Commodity Bids
Lentils - Large green
Movement: FOB September - December, 2017
Area: Southern Sask Contract Type: Production Contract
$0.39/lbGrade: #1 Canada
Movement: FOB June - July, 2017
Area: Contract Type: Spot Purchase
Lentils - RED, Small
Movement: DELIVERED May - June, 2017
Area: Contract Type: Spot Purchase
$0.255/lbGrade: #2 Canada