Your Questions, Our Answers
Why aren’t Feed Grain markets rallying?
Markets are stalled out as buyers and sellers await spring harvest quality reports. Sellers holding onto old crop feed grain should continue posting targets for April-May if they can load, June-July if they cannot. If you wait till later May, anticipate increased competition! … Unless you don’t mind holding till the spring of 2018…
What’s happened to the Milling Oats market?
Buyers have been able to secure enough good quality oats to get them through spring. While markets may rally again for July and August, new crop markets are poised for pressure, as plenty of acres seem to be going to oats this spring. If you have feed oats… we should be moving them now!
Should I be selling my Peas?
Greens? Probably. At around $8.50 delivered, this may be our last kick at the can for old crop greens. At around $9 delivered in many areas, yellow peas are more stable and should hold through summer. Or at least while Canada holds a hall pass on the India fumigation issue… Consider also booking in some new crop ($8-8.20 dlvd) as bids usually weaken by harvest time.
And what about forward pricing #2 CWRS…?
Patience should pay off on your hard red spring wheat. We’re watching for forward pricing premiums this spring/summer.