As we continue to navigate the uncertainty of global and domestic markets, avian flu, adverse weather conditions, and global conflict, Agfinity wanted to cool things down and make a brief mention of some positives. One of our main positives, as Joseph touched on last week, is that Agfinity has a great team and community. Our traders, buyer relation reps, and customer experience team work seamlessly in the day to day, allowing us to navigate whatever obstacles are thrown our way. We are incredibly proud of how our community of buyers, producers, and truckers have navigated these past few years by engaging in trusted and open communication.
On the topic of communication, our next positive applies to both our personal and professional lives. While we are all aware the threat of Covid is not over, limited restrictions have allowed us to see the light at the end of the tunnel. A few weeks ago, I was able to catch a concert at the newly renovated Massey Hall in Toronto. Standing in the balcony, looking at a stage that has been played by countless of Canada’s top musicians, I couldn’t help but smile. Not only was it the famous stage I was looking at that brought my smile (which already had me like a kid in a candy store), but also just being around people.
This past year was a good reminder that we are social beings who need each other, especially when the world is going crazy. If you and your farm are discussing the market and are unsure of the best way forward, you are not alone! Let’s keep up the open discussion and be there for each other as we continue to plow into the future of Agriculture. Navigating the ups and the downs together, we continue to contribute to the resiliency of our food system and efficiency of our processes both at Agfinity and in the Ag Industry as a whole.
Because Farming is Forever
Patrick Rees
Buyer Brief – by Sandra Correia-Letendre
The month of April is almost at a close and boy was the market active. We saw #1 Canola, Barley, and Wheat rally. Again, hitting record highs, both for Old Crop and New Crop. Seeding has begun for the majority of southern Alberta with the remainder of Alberta eventually following suit. With last years drought, it has been a slow start for New Crop offers coming to the market.
Barley prices are still on an uptick as of late, hitting $450/mt delivered Lethbridge for May/June. With high Corn prices at approximately $480/mt delivered Lethbridge for June, Barley is now back in business. How long will it last? … as demand seems tight out there. With New Crop Barley, many feedlots are wanting to wait to see what happens to prices after seeding before they jump on buying more.
Wheat prices continue to climb. There is approximately $1/bu difference between gradable wheat and feed wheat prices. Gradable wheat demand is in large part due exports increasing due to the War between Russia and the Ukraine. According to StatsCan report released on Tuesday, Canadian farmers intend to plant more wheat and less canola in 2022. As stated in Western Producer April 26, “An anticipated increase in area for wheat is likely attributable to strong prices and high worldwide demand,” said Statistics Canada.
Canola is on fire! Sellers are bullish and GPO’s are getting hit for targets that were unimaginable last year. It is said that these are the highest prices for New Crop Canola on record. The challenge has been finding buyers who can still do quick movement. Many crushers and Line companies are covered until June/July.
Sellers Tip: Have you ever set a GPO before? With the way the market is so volatile lately, this may be a good alternative to meet your target price. Call us at 1-888-969-5552 to discuss.
Recent Trades
#2 Brown Flax (ID: 21842)
88.00 MT
FOB La Crete, AB
May 01 – May 31
$1,382.78/MT or $35.12/BU (Gross)
$1,377.88/MT or $35.00/BU (Net)
TRADED Apr 28, 2022
CW Feed Barley (ID: 21829)
88.00 MT
FOB Rosalind, AB
May 02 – Jul 31
$427.46/MT or $9.31/BU (Gross)
$422.56/MT or $9.20/BU (Net)
TRADED Apr 28, 2022
Heated Canola (ID: 21833)
9.00 MT
FOB Wembley, AB
May 02 – May 31
$886.26/MT or $20.10/BU (Gross)
$879.46/MT or $19.95/BU (Net)
TRADED Apr 28, 2022
Heated Canola (ID: 21813)
7.00 MT
FOB St. Michael, AB
Apr 28 – May 31
$927.55/MT or $21.04/BU (Gross)
$920.75/MT or $20.88/BU (Net)
TRADED Apr 27, 2022
CW Feed Barley (ID: 21809)
176.00 MT
FOB Two Hills, AB
Jun 01 – Jun 30
$418.27/MT or $9.11/BU (Gross)
$413.37/MT or $9.00/BU (Net)
TRADED Apr 27, 2022
OS Heated Soybeans (ID: 21804)
44.00 MT
FOB Kuroki, SK
Apr 28 – May 31
$624.65/MT or $17.00/BU (Gross)
$619.75/MT or $16.87/BU (Net)
TRADED Apr 27, 2022
CW Feed Barley (ID: 21632)
44.00 MT
FOB Glendon, AB
Apr 19 – May 31
$409.08/MT or $8.91/BU (Gross)
$404.18/MT or $8.80/BU (Net)
TRADED Apr 27, 2022
CW Feed Barley (ID: 21830)
40.00 MT
FOB Erskine, AB
May 01 – May 31
$416.66/MT or $9.07/BU (Gross)
$411.76/MT or $8.96/BU (Net)
TRADED Apr 27, 2022
#1CW Canola (ID: 21821)
42.00 MT
FOB Sedgewick, AB
May 09 – May 09
$1,210.00/MT or $27.44/BU (Gross)
$1,205.10/MT or $27.33/BU (Net)
TRADED Apr 27, 2022
#1CW Canola (ID: 21827)
79.00 MT
FOB Olds, AB
Apr 28 – Jun 30
$1,195.38/MT or $27.11/BU (Gross)
$1,190.48/MT or $27.00/BU (Net)
TRADED Apr 27, 2022
#2 Yellow Peas (ID: 21616)
800.00 MT
FOB Consort, AB
May 01 – May 31
$666.29/MT or $18.13/BU (Gross)
$661.39/MT or $18.00/BU (Net)
TRADED Apr 27, 2022
Heated Canola (ID: 21825)
29.00 MT
FOB Lloydminster, SK
Apr 26 – May 13
$506.80/MT or $11.49/BU (Gross)
$500.00/MT or $11.34/BU (Net)
TRADED Apr 26, 2022
CW Feed Barley (ID: 21823)
44.00 MT
FOB Brownfield, AB
Jun 01 – Jun 30
$421.00/MT or $9.17/BU (Gross)
$416.10/MT or $9.06/BU (Net)
TRADED Apr 26, 2022
CW Feed Barley (ID: 21803)
88.00 MT
FOB Eckville, AB
May 15 – Jun 15
$420.00/MT or $9.14/BU (Gross)
$415.10/MT or $9.04/BU (Net)
TRADED Apr 26, 2022
#1CW Canola (ID: 21800)
84.00 MT
FOB Plamondon, AB
Jun 01 – Jul 31
$1,195.38/MT or $27.11/BU (Gross)
$1,190.48/MT or $27.00/BU (Net)
TRADED Apr 26, 2022
CW Feed Barley (ID: 21666)
132.00 MT
FOB St. Paul, AB
Apr 26 – Jun 30
$413.68/MT or $9.01/BU (Gross)
$408.78/MT or $8.90/BU (Net)
TRADED Apr 26, 2022
CW Feed Barley (ID: 21805)
88.00 MT
FOB Vegreville, AB
Apr 25 – May 15
$415.97/MT or $9.06/BU (Gross)
$411.07/MT or $8.95/BU (Net)
TRADED Apr 26, 2022
CW Feed Barley (ID: 21810)
484.00 MT
DLVD Lethbridge, AB
May 01 – Jul 15
$450.00/MT or $9.80/BU (Gross)
$445.10/MT or $9.69/BU (Net)
TRADED Apr 25, 2022
CW Feed Barley (ID: 21795)
44.00 MT
FOB Ryley, AB
Apr 21 – Jun 10
$418.25/MT or $9.11/BU (Gross)
$413.35/MT or $9.00/BU (Net)
TRADED Apr 25, 2022
CW Feed Barley (ID: 21790)
88.00 MT
FOB Denzil, SK
Apr 26 – May 31
$418.27/MT or $9.11/BU (Gross)
$413.37/MT or $9.00/BU (Net)
TRADED Apr 25, 2022
CW Feed Barley (ID: 21797)
44.00 MT
FOB Athabasca, AB
May 02 – May 31
$395.31/MT or $8.61/BU (Gross)
$390.41/MT or $8.50/BU (Net)
TRADED Apr 22, 2022
CW Feed Barley (ID: 21798)
44.00 MT
FOB Veteran, AB
Apr 22 – May 31
$418.25/MT or $9.11/BU (Gross)
$413.35/MT or $9.00/BU (Net)
TRADED Apr 22, 2022
Heated Canola (ID: 21786)
40.00 MT
FOB Vilna, AB
Apr 23 – May 06
$999.52/MT or $22.67/BU (Gross)
$992.72/MT or $22.51/BU (Net)
TRADED Apr 22, 2022
#2CW Oats (ID: 21660)
60.00 MT
FOB Lindale, AB
May 02 – Jun 30
$588.77/MT or $9.08/BU (Gross)
$583.87/MT or $9.00/BU (Net)
TRADED Apr 22, 2022
CW Feed Barley (ID: 21796)
88.00 MT
FOB Landis, SK
May 01 – Jun 30
$415.00/MT or $9.04/BU (Gross)
$410.10/MT or $8.93/BU (Net)
TRADED Apr 22, 2022
CW Feed Barley (ID: 21794)
44.00 MT
FOB Bloomsbury, AB
Apr 22 – May 13
$404.80/MT or $8.81/BU (Gross)
$399.90/MT or $8.71/BU (Net)
TRADED Apr 22, 2022
CW Feed Barley (ID: 21620)
220.00 MT
FOB Two Hills, AB
Apr 22 – Jun 30
$418.27/MT or $9.11/BU (Gross)
$413.37/MT or $9.00/BU (Net)
TRADED Apr 22, 2022
CW Feed Barley (ID: 21793)
88.00 MT
FOB Worsley, AB
May 02 – Jun 30
$377.24/MT or $8.21/BU (Gross)
$372.34/MT or $8.11/BU (Net)
TRADED Apr 22, 2022
CW Feed Barley (ID: 21791)
132.00 MT
FOB Gibbons, AB
May 02 – Jun 30
$416.00/MT or $9.06/BU (Gross)
$411.10/MT or $8.95/BU (Net)
TRADED Apr 21, 2022
CW Feed Barley (ID: 21738)
220.00 MT
FOB Ryley, AB
Apr 21 – Jun 30
$413.50/MT or $9.00/BU (Gross)
$408.60/MT or $8.90/BU (Net)
TRADED Apr 21, 2022
CW Feed Barley (ID: 21789)
44.00 MT
FOB Strome, AB
Apr 21 – May 31
$423.17/MT or $9.21/BU (Gross)
$418.27/MT or $9.11/BU (Net)
TRADED Apr 21, 2022
CW Feed Barley (ID: 21724)
176.00 MT
FOB Meath Park, SK
May 02 – Jun 30
$406.79/MT or $8.86/BU (Gross)
$401.89/MT or $8.75/BU (Net)
TRADED Apr 21, 2022
CW Feed Barley (ID: 21787)
132.00 MT
FOB Flatbush, AB
Apr 21 – May 13
$395.31/MT or $8.61/BU (Gross)
$390.41/MT or $8.50/BU (Net)
TRADED Apr 21, 2022
CW Feed Barley (ID: 21715)
44.00 MT
FOB Iron River, AB
Apr 25 – May 31
$399.90/MT or $8.71/BU (Gross)
$395.00/MT or $8.60/BU (Net)
TRADED Apr 21, 2022
#2CW HRS Wheat (ID: 21780)
88.00 MT
FOB St. Brides, AB
Apr 21 – Jun 30
$512.58/MT or $13.95/BU (Gross)
$507.68/MT or $13.82/BU (Net)
TRADED Apr 20, 2022
CW Feed Barley (ID: 21782)
88.00 MT
FOB Rumsey, AB
Apr 20 – May 31
$423.17/MT or $9.21/BU (Gross)
$418.27/MT or $9.11/BU (Net)
TRADED Apr 20, 2022
CW Feed Barley (ID: 21779)
132.00 MT
FOB Bruderheim, AB
May 01 – Jun 30
$411.69/MT or $8.96/BU (Gross)
$406.79/MT or $8.86/BU (Net)
TRADED Apr 20, 2022
CW Feed Barley (ID: 21759)
44.00 MT
FOB Sundre, AB
Apr 18 – May 06
$411.00/MT or $8.95/BU (Gross)
$406.10/MT or $8.84/BU (Net)
TRADED Apr 20, 2022
CW Feed Barley (ID: 21773)
131.00 MT
DLVD Coronation, AB
Apr 15 – Apr 30
$429.75/MT or $9.36/BU (Gross)
$424.85/MT or $9.25/BU (Net)
TRADED Apr 19, 2022
CW Feed Barley (ID: 21741)
220.00 MT
FOB Youngstown, AB
Apr 20 – May 31
$413.68/MT or $9.01/BU (Gross)
$408.78/MT or $8.90/BU (Net)
TRADED Apr 19, 2022
CW Feed Barley (ID: 21778)
220.00 MT
FOB Daysland, AB
May 01 – Jun 30
$406.79/MT or $8.86/BU (Gross)
$401.89/MT or $8.75/BU (Net)
TRADED Apr 19, 2022
Feed Faba Beans (ID: 21705)
264.00 MT
FOB New Norway, AB
May 09 – May 31
$500.94/MT or $13.63/BU (Gross)
$496.04/MT or $13.50/BU (Net)
TRADED Apr 18, 2022
Brown Flax (ID: 21721)
44.00 MT
FOB Rivercourse, AB
May 01 – May 31
$1,500.88/MT or $38.12/BU (Gross)
$1,495.98/MT or $38.00/BU (Net)
TRADED Apr 18, 2022
CW Feed Barley (ID: 21767)
44.00 MT
FOB Newbrook, AB
May 01 – May 31
$391.00/MT or $8.51/BU (Gross)
$386.10/MT or $8.41/BU (Net)
TRADED Apr 14, 2022
OS Feed Yellow Peas (ID: 21775)
88.00 MT
FOB St. Michael, AB
Apr 14 – May 31
$487.47/MT or $13.27/BU (Gross)
$482.57/MT or $13.13/BU (Net)
TRADED Apr 14, 2022
CW Feed Barley (ID: 21777)
44.00 MT
FOB Atmore, AB
Apr 14 – May 31
$391.02/MT or $8.51/BU (Gross)
$386.12/MT or $8.41/BU (Net)
TRADED Apr 14, 2022
CW Feed Barley (ID: 21772)
88.00 MT
FOB Fort Assiniboine, AB
Apr 15 – May 13
$388.72/MT or $8.46/BU (Gross)
$383.82/MT or $8.36/BU (Net)
TRADED Apr 14, 2022
