Thank you Cheryl Morse for the beautiful photo.
As pricing volatility and supply uncertainty rage on, Agfinity has taken this week to identify some strategies and mindset changes for navigating these markets to ensure that you and your farm are able to capitalize and make the most no matter what the market does.
The ongoing crisis in Russia-Ukraine will continue to have a huge effect on commodity volatility, putting pressure on anything from crude oil to fertilizers to precious metals. Many of us are already feeling the direct implications or rising fuel costs and higher input costs moving into spring, but what comes next? After several weeks of rising commodity pricing, many producers are asking when is the right time to market, and where is the top? With over a decade of business under our belt and the help of buyer insights and industry connections, Agfinity is still struggling to give you a straight answer!
While we don’t have a golden ticket, our team put together several tips that we hope will help you navigate another volatile year for commodity pricing and make the most of your grain marketing this spring!
Identify your “marketing personality”
Firstly, mental resiliency is very important when trying to keep sane in these markets. As a producer, it is important to know how you behave when marketing. For some, over-analyzing may lead you to leave great opportunities on the table in hopes of something better, while others may rush in to accept an opportunity without properly considering the implications. It is not a matter of better or worse, but rather about knowing; If we know our marketing tendencies and are aware of them at the time of decision making, it can help us become aware of when our own emotions are working against us.
Don’t fixate on the grain you’ve already sold
Like buying or selling shares of a stock, marketing grain is emotional and can sometimes be stressful. As it has been said before, we tend to focus on the 10,000 bushels sold yesterday rather than the 90,000 left to sell. Fixating on past decisions doesn’t make anybody any happier, and it clouds our judgement when trying to make clear decisions for the future.
Plan out your Farms approach
An uncertain future can give us quite the headache when it comes time to make a marketing decision. Therefore identifying our marketing personality and looking past old contracts can help us get past the stress and get to making money. Our final tip encourages you to check back on your schedule, remaining inventory, and your farms bottom line to update and solidify a plan for this year. Don’t hesitate to reach out and discuss your inventory and come up with a marketing strategy with one of our traders to determine how to make the most for your farm.
Because Farming is Forever
Patrick Rees
Buyer Brief – by Joseph Billett
Looming strike from Canadian Pacific Railway, there was a tentative walk off scheduled for immediately after midnight on March 16. As of my writing this on March 16th a strike hasn’t been announced but a strike is still looming. Fertilizer Canada which represents manufactures, wholesale and retail distributors of fertilizers warned that a s rail strike could result in fertilizer production facilities being forced to shut-in production, a situation that would be “crippling “to farmers’ crucial spring seeding season. “The agriculture sector is already experiencing supply challenges compounded by the war in Ukraine and cannot withstand any more disruption to the supply chain,” said fertilizer Canada president regarding a possible rail strike.
On that note uncertainty about the situation in Ukraine has the markets yo-yoing (yes, it’s a word, I checked). Following news of ceasefire talks, wheat markets have dropped. Futures are limit down across all wheat classes, regardless of the talks producing any resolution. Indicating again how volatile the markets currently are.
Domestically feed prices are teetering at all-time highs, buyers are quickly getting coverage for April – May. This rally and timeframe are what many sellers have been waiting for, however many bullish sellers are hesitant to sell until the market highs are certain. Unfortunately, the only way to be certain of a high point in the market is through the rear-view mirror.
Many sellers are taking advantage of strong new crop prices. New Crop barley is trading between $335.90/MT ($7.31/bu) – $369.90/MT ($8.05/bu) for September – December throughout Alberta and Saskatchewan please check our new Trade History | Agfinity Inc. to see what has traded in your area and to inquire on pricing. Many buyers are bidding aggressively on off spec grain as well and sellers are opening bins that have been shut for multiple seasons.
Recent Trades
#2 Green Peas (ID: 21613)
60.00 MT
DLVD Rosalind, AB
Mar 16 – Mar 31
$551.28/MT or $15.00/BU (Gross)
$546.38/MT or $14.87/BU (Net)
TRADED Mar 16, 2022
CW Feed Barley (ID: 21555)
88.00 MT
FOB Edgerton, AB
Mar 16 – May 31
$418.27/MT or $9.11/BU (Gross)
$413.37/MT or $9.00/BU (Net)
TRADED Mar 16, 2022
Feed Green Peas (ID: 21605)
44.00 MT
FOB Sexsmith, AB
Mar 16 – Apr 29
$493.71/MT or $13.44/BU (Gross)
$488.81/MT or $13.30/BU (Net)
TRADED Mar 16, 2022
CW Feed Barley (ID: 21554)
44.00 MT
FOB Manning, AB
Mar 16 – Apr 09
$370.00/MT or $8.06/BU (Gross)
$365.10/MT or $7.95/BU (Net)
TRADED Mar 16, 2022
#2 CW Canola (ID: 21592)
42.00 MT
FOB Drayton Valley, AB
May 01 – May 14
$1,019.02/MT or $23.11/BU (Gross)
$1,014.12/MT or $23.00/BU (Net)
TRADED Mar 15, 2022
OS Feed Oats (ID: 21609)
44.00 MT
FOB Worsley, AB
Mar 15 – Mar 31
$394.90/MT or $6.09/BU (Gross)
$390.00/MT or $6.01/BU (Net)
TRADED Mar 15, 2022
#2 Green Peas (ID: 21593)
44.00 MT
DLVD Rosalind, AB
Mar 14 – Mar 31
$551.28/MT or $15.00/BU (Gross)
$546.38/MT or $14.87/BU (Net)
TRADED Mar 15, 2022
Heated Canola (ID: 21598)
30.00 MT
FOB Saltcoats, SK
Mar 15 – Mar 31
$796.91/MT or $18.07/BU (Gross)
$790.11/MT or $17.92/BU (Net)
TRADED Mar 15, 2022
OS Brown Flax (ID: 21509)
20.00 MT
FOB Sangudo, AB
Mar 15 – Mar 25
$1,167.12/MT or $29.65/BU (Gross)
$1,162.22/MT or $29.52/BU (Net)
TRADED Mar 15, 2022
CW Feed Barley (ID: 21607)
88.00 MT
FOB Provost, AB
Mar 15 – Apr 30
$423.17/MT or $9.21/BU (Gross)
$418.27/MT or $9.11/BU (Net)
TRADED Mar 15, 2022
CW Feed Barley (ID: 21520)
308.00 MT
FOB Innisfree, AB
Jun 01 – Jun 30
$427.76/MT or $9.31/BU (Gross)
$422.86/MT or $9.21/BU (Net)
TRADED Mar 15, 2022
CW Feed Barley (ID: 21590)
88.00 MT
FOB Kitscoty, AB
Mar 16 – May 31
$423.17/MT or $9.21/BU (Gross)
$418.27/MT or $9.11/BU (Net)
TRADED Mar 15, 2022
CW Feed Barley (ID: 21547)
176.00 MT
FOB Dunmore, AB
Mar 16 – Jul 31
$432.05/MT or $9.41/BU (Gross)
$427.15/MT or $9.30/BU (Net)
TRADED Mar 15, 2022
OS Heated Canola (ID: 21572)
19.00 MT
FOB Ituna, SK
Mar 15 – Mar 31
$445.53/MT or $10.10/BU (Gross)
$438.73/MT or $9.95/BU (Net)
TRADED Mar 15, 2022
OS Feed Green Peas (ID: 21581)
44.00 MT
FOB Bowden, AB
Mar 15 – Mar 17
$415.83/MT or $11.32/BU (Gross)
$410.93/MT or $11.18/BU (Net)
TRADED Mar 15, 2022
OS Heated HRS Wheat (ID: 21575)
88.00 MT
FOB Red Deer, AB
Mar 14 – Mar 31
$403.40/MT or $10.98/BU (Gross)
$398.50/MT or $10.85/BU (Net)
TRADED Mar 14, 2022
#2CW CPSR Wheat (ID: 21559)
36.00 MT
FOB Barrhead, AB
Mar 14 – Mar 18
$449.24/MT or $12.23/BU (Gross)
$444.34/MT or $12.09/BU (Net)
TRADED Mar 14, 2022
CW Feed Barley (ID: 21584)
88.00 MT
DLVD Coronation, AB
Mar 11 – Mar 31
$428.00/MT or $9.32/BU (Gross)
$423.10/MT or $9.21/BU (Net)
TRADED Mar 11, 2022
OS #2CW Oats (ID: 21578)
88.00 MT
FOB St. Michael, AB
Mar 11 – Apr 29
$545.03/MT or $8.41/BU (Gross)
$540.13/MT or $8.33/BU (Net)
TRADED Mar 11, 2022
#2CW Milling Rye (ID: 21566)
132.00 MT
FOB Star, AB
Apr 01 – Jun 30
$392.08/MT or $9.96/BU (Gross)
$387.18/MT or $9.83/BU (Net)
TRADED Mar 11, 2022
CW Feed Barley (ID: 21579)
131.00 MT
FOB Glendon, AB
Apr 01 – Apr 30
$399.00/MT or $8.69/BU (Gross)
$394.10/MT or $8.58/BU (Net)
TRADED Mar 11, 2022
Brown Flax (ID: 21580)
36.00 MT
FOB Borden, SK
Mar 11 – Apr 15
$1,382.78/MT or $35.12/BU (Gross)
$1,377.88/MT or $35.00/BU (Net)
TRADED Mar 11, 2022
OS CW Feed Barley (ID: 21564)
44.00 MT
FOB Beaverlodge, AB
Mar 12 – Apr 30
$385.00/MT or $8.38/BU (Gross)
$380.10/MT or $8.28/BU (Net)
TRADED Mar 11, 2022
#2CW Milling Rye (ID: 21562)
88.00 MT
FOB Foremost, AB
Mar 04 – Apr 30
$404.50/MT or $10.27/BU (Gross)
$399.60/MT or $10.15/BU (Net)
TRADED Mar 11, 2022
NC CW Feed Barley (ID: 21576)
44.00 MT
FOB Vilna, AB
Oct 03 – Nov 30
$349.38/MT or $7.61/BU (Gross)
$344.48/MT or $7.50/BU (Net)
TRADED Mar 11, 2022
OS #2CW Oats (ID: 21551)
132.00 MT
FOB St. Michael, AB
Mar 21 – Apr 29
$545.00/MT or $8.41/BU (Gross)
$540.10/MT or $8.33/BU (Net)
TRADED Mar 10, 2022
NC CW Feed Barley (ID: 21563)
88.00 MT
FOB Crestomere, AB
Sep 01 – Oct 31
$369.90/MT or $8.05/BU (Gross)
$365.00/MT or $7.95/BU (Net)
TRADED Mar 10, 2022
#2CW Milling Rye (ID: 21552)
88.00 MT
DLVD Lacombe, AB
Mar 09 – Mar 31
$426.90/MT or $10.84/BU (Gross)
$422.00/MT or $10.72/BU (Net)
TRADED Mar 09, 2022
CW Feed Barley (ID: 21561)
44.00 MT
FOB Grassland, AB
Mar 14 – Apr 30
$398.85/MT or $8.68/BU (Gross)
$393.95/MT or $8.58/BU (Net)
TRADED Mar 09, 2022
CW Feed Barley (ID: 21475)
35.00 MT
FOB Waskatenau, AB
Mar 01 – Mar 31
$425.48/MT or $9.26/BU (Gross)
$420.58/MT or $9.16/BU (Net)
TRADED Mar 09, 2022
CW Feed Barley (ID: 21544)
44.00 MT
FOB Standard, AB
Mar 09 – Mar 31
$429.75/MT or $9.36/BU (Gross)
$424.85/MT or $9.25/BU (Net)
TRADED Mar 09, 2022
#2CW Sunflower Seed (ID: 21465)
220.00 MT
FOB Taber, AB
Apr 01 – May 31
$592.80/MT or $8.07/BU (Gross)
$587.90/MT or $8.00/BU (Net)
TRADED Mar 09, 2022
OS CW Feed Barley (ID: 21550)
44.00 MT
FOB Millet, AB
Apr 01 – May 31
$408.00/MT or $8.88/BU (Gross)
$403.10/MT or $8.78/BU (Net)
TRADED Mar 08, 2022
#2CW Oats (ID: 21493)
77.00 MT
FOB Valleyview, AB
Mar 08 – Apr 15
$549.57/MT or $8.48/BU (Gross)
$544.67/MT or $8.40/BU (Net)
TRADED Mar 08, 2022
ST Feed Oats (ID: 21508)
40.00 MT
FOB Spedden, AB
Mar 09 – Mar 31
$406.66/MT or $6.27/BU (Gross)
$401.76/MT or $6.20/BU (Net)
TRADED Mar 08, 2022
CW Feed Barley (ID: 21541)
350.00 MT
FOB Erskine, AB
Mar 08 – Apr 30
$418.27/MT or $9.11/BU (Gross)
$413.37/MT or $9.00/BU (Net)
TRADED Mar 08, 2022
CW Feed Barley (ID: 21540)
44.00 MT
FOB Leduc County, AB
Mar 07 – Mar 31
$409.08/MT or $8.91/BU (Gross)
$404.18/MT or $8.80/BU (Net)
TRADED Mar 07, 2022
CW Feed Barley (ID: 21503)
220.00 MT
FOB Provost, AB
Mar 04 – May 31
$416.13/MT or $9.06/BU (Gross)
$411.23/MT or $8.95/BU (Net)
TRADED Mar 07, 2022
CW Feed Barley (ID: 21528)
88.00 MT
FOB Bonnyville, AB
Mar 07 – Mar 31
$406.79/MT or $8.86/BU (Gross)
$401.89/MT or $8.75/BU (Net)
TRADED Mar 07, 2022
OS CW Feed Barley (ID: 21498)
440.00 MT
FOB Taber, AB
May 01 – Jun 30
$430.00/MT or $9.36/BU (Gross)
$425.10/MT or $9.26/BU (Net)
TRADED Mar 07, 2022
OS CW Feed Barley (ID: 21536)
44.00 MT
FOB Stony Plain, AB
Apr 01 – Apr 30
$403.00/MT or $8.77/BU (Gross)
$398.10/MT or $8.67/BU (Net)
TRADED Mar 04, 2022
CW Feed Barley (ID: 21523)
88.00 MT
FOB Barrhead, AB
Mar 05 – Apr 15
$400.65/MT or $8.72/BU (Gross)
$395.75/MT or $8.62/BU (Net)
TRADED Mar 04, 2022
CW Feed Barley (ID: 21533)
132.00 MT
FOB Big River, SK
Mar 04 – Apr 30
$400.21/MT or $8.71/BU (Gross)
$395.31/MT or $8.61/BU (Net)
TRADED Mar 04, 2022
#1CW Canola (ID: 21529)
42.00 MT
FOB Bonnyville, AB
Mar 03 – Mar 18
$1,030.04/MT or $23.36/BU (Gross)
$1,025.14/MT or $23.25/BU (Net)
TRADED Mar 04, 2022
OS Heated Barley (ID: 21519)
170.00 MT
FOB Donnelly, AB
Mar 05 – Apr 30
$326.72/MT or $7.11/BU (Gross)
$321.82/MT or $7.01/BU (Net)
TRADED Mar 04, 2022
CW Feed Barley (ID: 21527)
44.00 MT
FOB St. Brides, AB
Mar 05 – May 31
$406.79/MT or $8.86/BU (Gross)
$401.89/MT or $8.75/BU (Net)
TRADED Mar 04, 2022
#1CW Canola (ID: 21502)
84.00 MT
FOB Calmar, AB
Jun 01 – Jun 30
$1,063.11/MT or $24.11/BU (Gross)
$1,058.21/MT or $24.00/BU (Net)
TRADED Mar 04, 2022
CW Feed Barley (ID: 21517)
176.00 MT
FOB Blackie, AB
Mar 05 – Jun 30
$439.25/MT or $9.56/BU (Gross)
$434.35/MT or $9.46/BU (Net)
TRADED Mar 04, 2022
CW Feed SWS Wheat (ID: 21531)
132.00 MT
FOB Coronation, AB
Mar 05 – Apr 30
$451.34/MT or $12.28/BU (Gross)
$446.44/MT or $12.15/BU (Net)
TRADED Mar 04, 2022
#2CW Milling Rye (ID: 21521)
220.00 MT
FOB Rocky View County, AB
Mar 04 – Jun 30
$408.42/MT or $10.37/BU (Gross)
$403.52/MT or $10.25/BU (Net)
TRADED Mar 03, 2022
CW Feed Barley (ID: 21518)
176.00 MT
FOB Two Hills, AB
Mar 03 – Mar 11
$403.00/MT or $8.77/BU (Gross)
$398.10/MT or $8.67/BU (Net)
TRADED Mar 03, 2022
#1CW CPSR Wheat (ID: 21524)
88.00 MT
FOB Barrhead, AB
Mar 03 – Apr 30
$482.57/MT or $13.13/BU (Gross)
$477.67/MT or $13.00/BU (Net)
TRADED Mar 03, 2022
CW Feed Barley (ID: 21522)
88.00 MT
FOB Ponoka, AB
Mar 03 – Mar 31
$402.19/MT or $8.76/BU (Gross)
$397.29/MT or $8.65/BU (Net)
TRADED Mar 03, 2022
CW Feed HRS Wheat (ID: 21497)
528.00 MT
FOB Taber, AB
May 01 – Jul 31
$455.01/MT or $12.38/BU (Gross)
$450.11/MT or $12.25/BU (Net)
TRADED Mar 03, 2022
CW Feed SWS Wheat (ID: 21494)
88.00 MT
FOB Tiger Lily, AB
Feb 28 – Apr 15
$438.48/MT or $11.93/BU (Gross)
$433.58/MT or $11.80/BU (Net)
TRADED Mar 03, 2022
CW Feed Barley (ID: 21515)
88.00 MT
FOB Pincher Creek, AB
May 01 – Jun 30
$425.16/MT or $9.26/BU (Gross)
$420.26/MT or $9.15/BU (Net)
TRADED Mar 02, 2022
CW Feed Barley (ID: 21512)
132.00 MT
FOB Crossfield, AB
Mar 01 – Apr 22
$407.25/MT or $8.87/BU (Gross)
$402.35/MT or $8.76/BU (Net)
TRADED Mar 02, 2022