Who’s Next?

By June 5, 2019Newsletter
As I flip through the ReMax listing for farms and land for sale it has me thinking about the next generation. I am constantly hearing from my parents how high land prices have gotten in the last few years and how can someone even get ahead now a days, especially with the soaring interest rates and all the input costs that go into farming. To this the reply is usually “You can’t, no matter how hard you try it is getting harder and harder to get ahead in this industry.” With the rising prices how is one to get started farming or even become a part of the family farm that currently exists. I for one have started considering buying land to contribute more to the family farm, but after seeing prices and all the factors that come along with that the dream is seeming farther away. One might say the only way to get into agriculture is to be passed down everything, which is an option for some but for many it’s not.
 
Many people are getting out of the industry due to numerous factors and reasons. This may be due to age, health, maybe it’s not profitable enough. Whatever the reason may be we are still losing farmers constantly, especially with the average age of farmers increasing. We need to start considering the next generation. Who will be the next ones to raise our food? To work long hours and work until they can no longer bear the stress of everything? This is one industry that is a thankless industry with many challenges. Some may decide even though they may have grown up in the industry there are too many factors that hold them back from being successful. Some may want to become a part of the industry and start a farm from the ground up, but the failure rate is too high with all the factors of starting out and they aren’t able to make their dream a reality. The odds are ever against us.
One thing is for sure, we will need to start worrying about who will be the next to step in and replace those leaving. Something will need to give soon for the next generation to get their foot in the door. This is something greater than each of us individually and is something we need to work together as an industry on. One thing is for sure, if we keep continuing at this rate we will be wondering who our next providers will be.
 
Erin Harakal, North of Red Deer – West of Vegreville
1-888-969-5552 ext. 5

Market Report by Nelson Neumann
 
Barley : The feed barley market is as hot as hot can be. A combination of increased demand as well as limited supplies of both barley and substitute products is cranking up the heat. For the second year in a row across the province it is quite dry causing significantly less than ideal forage situations. Another substitute product corn has also seen its pricing surge on the back of delayed seeding in the American Midwest. Prices have been heard as high as $280/MT into feedlot alley in southern Alberta. This is a weather market however, and rainfall to restore pasture conditions will seriously cool off the feed barley markets.

Wheat: The feed wheat market has hopped on the same pricing rally train as feed barley. Feed wheat bids have jumped ~$0.30/bushel around many areas of the province. Milling wheat has also seen a strong rally. This week however, the milling markets have been dropping double digit dollars per metric ton. We have seen large jumps both up and down day to day. The durum market has been firming up and holding their gains.

Peas : Over the past two weeks we have seen a couple yellow pea opportunities pop up with buyers bidding a premium ($0.25) into both the Edmonton and Calgary areas for quick first half June movement. Red lentils have also begun to show signs of trending higher.

Canola: At last there is some good news on the canola front. Pricing has been trending up slowly and beginning to make the slightest start at recovering; peaking last week as high as $460 for July. Wet conditions in the mid-west have strengthened market prices across the board and canola was no exception. You can see the future trends below courtesy of www.barchart.com.

Oats: Oats pricing remains strong and unchanged. There are occasionally pockets of stronger pricing for quick movement both in the milling and feed oat markets. Have heard as high a $4.00 delivered for feed oats into southern Alberta. The new crop market is trading at a heavy discount to the old crop market with bids sub $3.00 until 2020.

Buyer Brief –   by Sandra Correia-Letendre
The Rally continues!  Buyers are hungry and supply is low, prices are reaching new highs.  It is like a true rally race, buyers are anxiously waiting for new offers to post (ready, set, go). The one who hits the buy button first wins the race.  It’s an exciting time to be a grain broker.  In this upward market we are seeing the frustration of buyers, be it to find the grain, pay high prices and to settle for the demands of the seller.  We have been seeing the highest demand for Barley, both old and new crop.  Following behind is Feed Wheat and Feed Oats. 
 
New Crop barley is in high demand. Some sellers are hesitant to sell right now and over commit until they see what happens with the weather.  Luckily, we see rain in the forecast this week for some parts of Alberta.  Hopefully in the next week or so farmers will get more confident and we can see more New Crop Barley coming to the table to sell. 
 
Will the market level off in the next week or will we see some new highs?  Either way, we appreciate all buyer’s persistence and patience to push through this upward market.
 
Seller’s Tip: Sellers, it’s your market right now and we don’t know how long it’s going to last.  Don’t delay marketing your grain, especially Barley, Feed Wheat and Feed Oats. Look forward to hearing from you, we are here to help.  Call 1-888-969-5552. 


Picked-Up La Crete Area Bids

Call Clayton or Erin, 1-888-969-5552, ext 1

– FEED BARLEY @ the bin:
June: $4.15-4.25/ bushel
July-August: $4.20-4.25/ bushel

NEW CROP:
Sept-Oct:  $3.25/ bushel
Nov-Dec: $3.30-3.35/ bushel
Jan-Mar: $3.40/ bushel
Apr-June: $3.45-3.50/ bushel

– FEED WHEAT @ the bin:
June: $5.10-5.20/ bushel
July-August: $5.25-5.35/ bushel

– #1/2 CPSR WHEAT:
June-July: Feed pricing currently stronger.

#1/#2 HRS Wheat:
May-June: $6.40-6.6.50/ bushel picked-up based 13-13.5% protein.

– 2CW OATS @ the bin (subject to sample):
June-August 2019: $2.85-2.95/ bushel
*Higher pricing available for excellent colour.

– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids.

 FEED OATS @ the bin:
June: $2.20-2.30/ bushel, depending on quality

– 2CW GREEN PEAS @ the bin:
Max 3% bleach:
June: $12.60/ bushel

– 2CW YELLOW PEAS @ the bin
June: $6.05/ bushel picked-up

– FEED PEAS @ the bin
June: $6.00/ bushel

– 2CW FABAS @ the bin:
June: $9.80/ bushel

– FEED FABAS @ the bin
June: $6.00/ bushel

– CANOLA @ the bin (as of March 13th):
Based Max 2% Green!
June: $8.80-8.90/ bushel
July-August: $9.00/ bushel
*Give us a call to discuss placing a target, or email Clayton@agfinity.com with your legal land description for a price!

… Need a price for something else? Please email or give me a call!


Picked-Up Grande Prairie Area Bids
Call Clayton or Erin, 1-888-969-5552, ext 1

– FEED BARLEY @ the bin:
May: $4.80-5.00/ bushel
June-Aug: $5.00/ bushel
NEW CROP:
Sept-Oct:  $3.90/ bushel
Nov-Dec: $4.00/ bushel
Jan-Mar: $3.70-3.75/ bushel
Apr-June: $3.80-3.90/ bushel

– FEED WHEAT @ the bin:
June-July: $5.75-5.80/ bushel
… Good protein? Falling # 285-300 or better? We are seeing an additional $0.25/bu.

– #1/2 CPSR WHEAT:
May: Feed pricing currently stronger.
#1/#2 HRS Wheat:
May-June: $6.50-6.60 picked-up based 13-13.5+% protein.

– 2CW OATS @ the bin (subject to sample):
May-August: $3.10-3.20/ bushel
– 3CW OATS @ the bin
$0.10-0.25/bushel discount to 2cw bids.
– FEED OATS @ the bin
May: $2.60-2.75/ bushel, depending on quality

– 2CW GREEN PEAS @ the bin:
Max 3% bleach:
May: $12.00/ bushel

– 2CW YELLOW PEAS @ the bin
May-June: $6.15/ bushel

– FEED PEAS @ the bin:
April-June: $6.00-6.25/ bushel

– 2CW FABA BEANS @ the bin
May: $10.20/ bushel
– FEED FABAS @ the bin
May: $5.90-6.00/ bushel

– CANOLA @ the bin (as of March 13th)
Based Max 2% Green!

May-July: $9.05-9.15/ bushel
Call Jared@Agfinity.com to discuss canola or email with your legal land description to get a price!

… Need a price for something else? Please email or give me a call!


Picked-Up Athabasca Area Bids

Call Clayton or Erin, 1-888-969-5552, ext 1

– FEED BARLEY @ the bin:
June: $5.05-$5.10/ bushel
July-August: $5.10/ bushel
NEW CROP:
Sept-Oct:  $3.80-$3.90/ bushel
Nov-Dec: $3.90-4.00/ bushel

– FEED WHEAT @ the bin:
June: $5.80-5.85/ bushel
July-August: $5.85-6.00/ bushel

– #1/2 CPSR WHEAT:
June-August: Currently lower than feed.
#1/#2 HRS Wheat:
June-August: $6.50-6.80/bu picked-up (13-13.5% protein).

– 2CW OATS @ the bin (subject to sample):
June: $3.40-3.45/ bushel
July-August 2019: $3.35-3.40/ bushel
– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids.
– FEED OATS @ the bin:
June: $2.80-$3.00/ bushel depending on quality

– 2CW GREEN PEAS @ the bin:
Max 3% bleach:
June-July: $11.80-$11.90/ bushel

– 2CW YELLOW PEAS @ the bin
June: $6.60-$6.70/ bushel

– FEED PEAS @ the bin
June: $5.90-$6.30/ bushel

– 2CW FABAS @ the bin:
June: $10.25-10.50/ bushel
– FEED FABAS @ the bin
June: $6.25-6.40/ bushel

– #1 CANOLA @ the bin (as of June 5th)

June-July: $9.55-9.70/ bushel

*Give us a call to discuss placing a target, or email Clayton@Agfinity.com or Erin@Agfinity.com with your legal land description for a price!

… Need a price for something else? Please email or give Clayton@Agfinity.com or Erin@Agfinity.com or give us a call!


Picked-Up St. Paul Area Bids

Call Nelson, 1-888-969-5552, ext 3

– FEED BARLEY @ the bin:
June-July: $5.05-$5.15

NEW CROP
Sept-Oct: $4.05/bushel
Nov-Dec: $4.10/bushel

– FEED WHEAT @ the bin:
June-July: $6.05-$6.15/bushel

** If graded a feed but is dry and has adequate protein (13%+) and falling number over 300, there is a premium available ***

– 2CW OATS @ the bin (subject to sample):
June-July:$3.25-$3.30

– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to #2CW bids.

– FEED OATS
@ the bin:
June-July: $3.00-$3.05/ bushel depending on quality.

– GREEN PEAS @ the bin:
June-July: $11.15/bu picked up
3% bleached or less – call for higher bleached.

– YELLOW PEAS @ the bin
June-July: $6.45picked up

– FEED PEAS @ the bin
June-July: $6.30-$6.40/bushel
*Give us a call to discuss placing a target, or email Nelson@Agfinity.com with your legal land description for a price!

… Need a price for something else? Please email or give me a call!


Picked-Up Edmonton Area Bids

Call Clayton or Erin, 1-888-969-5552, ext 1

– FEED BARLEY @ the bin:
June: $5.15-$5.25/ bushel
July-August: $5.25-$5.30/ bushel
NEW CROP:
Sept-Oct:  $4.00/ bushel
Nov-Dec: $4.05-#4.10/ bushel

– FEED WHEAT @ the bin:
June: $5.90-6.10/ bushel
July-August: $6.10-$6.20

– #1/2 CPSR WHEAT:

July-August: Feed pricing is currently stronger.

#1/#2 HRS Wheat:
June-July: $6.45-6.75/bu picked up based 13-13.5% protein.

– 2CW OATS @ the bin (subject to sample):
June: $3.40-3.50/ bushel
July-August: $3.30-3.40/ bushel
– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids.
– FEED OATS @ the bin:
June: $2.80-3.00/ bushel, depending on quality

– 2CW GREEN PEAS @ the bin:
Max 3% bleach:
June-July: $12.05-$12.10/ bushel

– 2CW YELLOW PEAS @ the bin

June-July: $6.60-6.65/ bushel

– FEED PEAS @ the bin:
June-July: $5.90-6.40/ bushel

– 2CW FABAS @ the bin:
June-July: $10.60-10.65/ bushel
– FEED FABAS @ the bin
June-July: $6.40-6.50/ bushel

– CANOLA @ the bin (as of June 5th)
June-July: $9.60-9.70/ bushel

… Give us a call to discuss placing a target, or email Clayton@Agfinity.com or Erin@agfinity.com with your legal land description for a price!


Picked-Up Camrose Area Bids

Call Clayton or Erin, 1-888-969-5552, ext 1

– FEED BARLEY @ the bin:
May: $5.15-$5.25/ bushel
June-August: $5.15/ bushel

NEW CROP:
Sept-Oct:  $3.95-4.00/ bushel
Nov-Dec: $4.05-4.10/ bushel

***TARGETS TRIGGERING!***
Call to post targets on new or old crop!!

– FEED WHEAT @ the bin:
May: $6.00-$6.10/ bushel
June-July: $6.05-6.30/ bushel
(Good protein? Falling # 285-300 or better? We are seeing an additional $0.25/bu

– #1/2 CPSR WHEAT:
May-June: Feed Wheat bids currently stronger.

– #1/#2 HRS Wheat:
May-June: $6.50-6.90/bu picked-up based 13-13.5% protein

– 2CW OATS @ the bin (subject to sample):
May: $3.35-$3.50/ bushel
June-August: $3.35-3.50/ bushel
*Additional premiums available for excellent colour!

– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids

– FEED OATS @ the bin:
May-June: $2.90-3.10/ bushel

– 2CW GREEN PEAS @ the bin:
Max 3% bleach:
May-June: $11.65-$12.00/ bushel

– 2CW YELLOW PEAS @ the bin
May-June: $6.30-$6.60/ bushel

– FEED PEAS @ the bin
May: $5.90-$6.40/ bushel

– 2CW FABAS @ the bin:
May-June: $10.50/ bushel

– 3CW FABAS @ the bin: May-June: $9.25/ bushel

– FEED FABAS @ the bin
May-June: $6.40-6.50/ bushel

– CANOLA @ the bin (as of May 14th)
May: $9.50-$9.60/ bushel
June-July: $9.60-9.70/bushel
*Give us a call to discuss placing a target, or email Clayton@agfinity.com with your legal land description for a price!
… Need a price for something else? Please email or give Clayton or Erin a call!


Picked-Up Vermilion Area Bids

Call Nelson, 1-888-969-5552, ext 3

– FEED BARLEY @ the bin:
June-July: $5.25/bushel

NEW CROP:
Sept-Oct: $4.10-$4.15/bushel
Nov-Dec: $4.10-$4.20/bushel

– FEED WHEAT @ the bin:
June-July: $6.25/bushel

– 2CW OATS @ the bin (subject to sample):
June-July: $3.45/bushel

– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids.

– FEED OATS @ the bin:

June: $3.40/bushel (Quick Movement Limited Opportunity)
July: $3.10-$3.15/bushel depending on quality.

– GREEN PEAS @ the bin:
June-July: $11.15/bushel
Max 3% bleach:    *Call or email on higher bleach.

– YELLOW PEAS @ the bin
June-July: $6.50/bushel

– FEED PEAS @ the bin
June-July: $6.50/bushel

– CANOLA @ the bin 
*Give us a call to discuss placing a target, or email Nelson@Agfinity.com with your legal land description for a price!

… Need a price for something else? Please email or give me a call! Quick movement opportunites available. Call  1-888-969-5552 (ext-3) if you are able to load within the next 2 weeks.


Picked-Up Red Deer Area Bids
Call Clayton or Erin, 1-888-969-5552, ext 1

– FEED BARLEY @ the bin:
June: $5.35-$5.40/ bushel
July-August: $5.40-$5.50/ bushel

NEW CROP:

Sept-Oct:  $4.30-$4.35/bu/ bushel
Nov-Dec: $4.40-$4.45/ bushel
Jan-Mar: $4.50-$4.55/ bushel
Apr-June: $4.60-4.65/ bushel

– FEED WHEAT @ the bin:
June: $6.20-$6.50/ bushel
July-Aug: $6.40-6.50/ bushel

– #1/2 CPSR WHEAT:
June-July: Currently under feed values.
#1/#2 HRS Wheat:
June-July: $6.40-6.80/bu picked-up based 13-13.5% protein.

– 2CW OATS @ the bin (Subject to sample):
May-August: $3.30-3.45/ bushel
*Additional premiums available for excellent colour.

– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids.

– FEED OATS:

June: $2.80-3.00/bushel, depending on quality

– 2CW GREEN PEAS @ the bin:
Max 3% bleach:
June-July: $11.80-$12.20/bushel

– 2CW YELLOW PEAS @ the bin

June-July: $6.50-$6.60/bu

– FEED PEAS @ the bin

June-July: $6.40-6.45/ bushel

– 2CW FABAS @ the bin:
June-July: $10.40/ bushel
– FEED FABAS @ the bin
June-July: $6.50/ bushel

– CANOLA @ the bin (as of June 5th)
June-July: $9.70-9.80/ bushel


Picked-Up Coronation Area Bids

Call Nelson, 1-888-969-5552, ext 3

– FEED BARLEY @ the bin:
June: $5.30/bushel
July: $5.30-$5.35/bushel

NEW CROP
Aug: $4.45:/bushel
Sept-Oct: $4.35-$4.40/bushel
Nov-Dec: $4.40-$4.50/bushel

– FEED WHEAT @ the bin:
June: $6.35/bushel
July: $6.35-$6.40/bushel

– 2CW OATS @ the bin (subject to sample):
June-July: $3.38/bushel

– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids.

– FEED OATS @ the bin:
June: $3.55/bushel (Quick Movement)

– GREEN PEAS @ the bin:
June: $11.25/bushel
Max 3% bleach
*Call or email on higher bleach.

– YELLOW PEAS @ the bin
June-July: $6.40/bushel

– FEED PEAS @ the bin
June-July: $6.33/ bushel

– CANOLA @ the bin 
*Give us a call to discuss placing a target, or email Nelson@Agfinity.com with your legal land description for a price!

… Need a price for something else? Please email or give me a call! Premiums available for quick movement. Call  1-888-969-5552 (ext-3) if you are able to load within the next 2 weeks.


Picked-Up Calgary Area Bids

Call Nelson, 1-888-969-5552, ext 3

– FEED BARLEY @ the bin:
June-July: $5.65-$5.70/bushel picked up.

New Crop
August: $4.80/bushel (Must move in August)
September-October: $4.70
November-December:$4.75

– FEED WHEAT @ the bin:
June: $6.60/bushel
July-August: $6.60/bushel

** If graded a feed but is dry and has adequate protein (13%+) and falling number over 300, there is a premium available ***

– 2CW OATS @ the bin (subject to sample):
May-July: $3.40/bushel

– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to #2CW bids.

– FEED OATS
@ the bin:
June: $3.75 Opportunity for quick movement.
June-July: $3.40/ bushel depending on quality.

– GREEN PEAS @ the bin:
June-July: $11.10/bu picked up
3% bleached or less – call for higher bleached.

– YELLOW PEAS @ the bin
June-July: $6.93/bushel picked up

– FEED PEAS @ the bin
June-July: $6.75/bushel

– CANOLA @ the bin 
*Give us a call to discuss placing a target, or email Nelson@Agfinity.com with your legal land description for a price!

… Need a price for something else? Please email or give me a call! Strong pricing available for quick movement. Call  1-888-969-5552  (ext-3) if you could load within the next 2 weeks.


Picked-Up Brooks Area Area Bids
Call Nelson, 1-888-969-5552, ext 3

– FEED BARLEY @ the bin:
May: $5.47/bushel
June-July: $5.35-$5.47

Premiums available on barley for next two weeks movement.

September/October New Crop: $4.30

– FEED WHEAT @ the bin:
May-June: $6.35-$6.40/bushel

– FEED OATS @ the bin:
May-June: $3.00-$3.20/ bushel depending on quality.

– GREEN PEAS @ the bin:
May-July: $11.50/bu picked up

– YELLOW PEAS @ the bin
Currently Feed Peas trading at higher levels. Seeing $6.25 delivered For #2CW.

– FEED PEAS @ the bin
May-July: $6.30/ bushel

– CANOLA @ the bin 

– FEED BARLEY @ the bin:
June: $5.70/bushel
July: $5.70-$5.75/bushel

New Crop:

August New Crop: $4.70/bushel
September/October New Crop: $4.50/bushel

– FEED WHEAT @ the bin:
June-July: $6.60/bushel

– FEED OATS @ the bin:
June-July: $3.75/ bushel depending on quality.

– GREEN PEAS @ the bin:
June-July: $11.15/bu picked up

– YELLOW PEAS @ the bin
Currently Feed Peas trading at higher levels. Seeing $6.25 delivered For #2CW.

– FEED PEAS @ the bin
June-July: $6.75/ bushel

– CANOLA @ the bin 

*Give us a call to discuss placing a target, or email Nelson@Agfinity.com with your legal land description for a price!

… Need a price for something else? Please email or give me a call!


Dlvd Lethbridge / Picture Butte Bids

Call Nelson, 1-888-969-5552, ext 3

– FEED BARLEY :
June: $6.00
July: $6.00-$6.05
August Old Crop: $5.90-$6.00

New Crop

August New Crop: $4.95-$5.00
September-October New Crop: $4.85
November-December New Crop: $4.85-$4.90

– FEED WHEAT :
June-July: $7.00

– FEED OATS :

June-July: $4.00/bushel depending on quality.

– GREEN PEAS :
June-July: $11.50/bushel
August-October New Crop: $8.00/bushel
*Based 3% bleach. Higher % bleached give us a call!

– YELLOW PEAS
June-July: $6.75/bushel
August-October New Crop: $6.25/bushel

– FEED PEAS
June-July: $7.00/ bushel delivered

– CANOLA Delivered
*Give us a call to discuss placing a target, or email Nelson@Agfinity.com with your legal land description for a price!

… Need a price for something else? Please email or give me a call!


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CLIENT TESTIMONIALS

 
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–  James Taylor, Leslieville, AB
 
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 “For the past seven years I’ve been dealing with the Agfinity group and what a fantastic group of people they are. From number 1 to feed grain and canola. All the buyers at Agfinity can Make it happen. Fast turn around times on every thing. Movement, payment, and the inbetween  that all of us farmers don’t see or care about. Good job to the Agfinity crew and keep on buying our grain.”
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June 5, 2019