“If you’re having non-farm problems, I feel bad for you son, I’ve got ninety-nine problems, but getting rich ain’t one.”
***
Spend ten minutes on a farm and you’ll quickly realize: Farmers are problem solvers!
Joseph, Amy, Michelle and I had the opportunity to spend a few hours on a farm this past weekend to get some shots for an upcoming Agfinity video. Being that it was in the middle of harvest time and we wanted to keep our hosts as customers, we did our best to stay out of their way…
In the first half hour, we witnessed the son – elbow-deep in one of the combines – rubbing the burnt rubber left behind by a broken belt. “We basically just started and this happened,” he told us, his smile contrasting the grease-covered situation. “Fixing it was going to take too long, so Dad and I ended up buying a new combine this year.”
Dad was fixing the motor of an auger on the other side of the yard… “We were supposed to be hauling high moisture wheat a couple weeks ago, but it was raining,” he chuckled. “The weather’s good now, so sure enough, the auger isn’t working!”
I couldn’t believe it… Either these men have an extreme tolerance for stress or I don’t have what it takes to be a farmer… At my desk, a level ten problem is something like slow internet speed. If we used the same scale, a broken combine at harvest would probably kill me!
Then, when it’s all said and done, if you’re fortunate enough to have a crop to market, grain farmers get to dive into the nitty-gritties of their operation: grades… proteins… falling numbers… green seeds… heated seeds… ergot and moisture percentages… Each component, a chance to lose a little money off the field.
Imagine a baker having the same inputs as a farmer… Imagine their oven breaking down or their cookies cooking too fast. Imagine their muffins not retaining enough moisture… Then, imagine their customers determining the value of their product based on how shiny and prominent their chocolate chips were, with set discounts for dryness, raisins, and other foreign material…
No offense to any bakers reading this! I love baking. But a baker, like many other professionals, have the luxury of starting over when chocolate chips hit the pan. Farmers do not have this luxury… Instead, farmers require a somewhat priceless ingredient to be hand-mixed into their recipe: perseverance! … There’s no sugar-coating it. Heck, we can’t even fill it with raspberry jelly! Without perseverance, a farmer just might not make it as a farmer.
We think you’ve got it though… Perseverance… You didn’t just open our newsletter to laugh at a few of the funny pictures. You came to conquer! The grain prices and market update below are just a small piece of the puzzle, but we know they make up their fair share of this crazy profession called farming… And you know, we at Agfinity are proud to be placed wherever you see fit. Like Joseph said last Saturday, “Your pricing is our icing.“
It surely will not be a piece of cake, but we’re looking forward to stirring up this year’s marketing plan with you! Talk to you soon!
Barley: Snow and rain has brought some quick movement opportunities for feed barley if you can load. Prices are still holding for Oct-Nov-Dec with about a nickel carry per month. Delivered Lethbridge prices for Oct-Nov at $4.45/bu and Dec at $4.50/bu.
Wheat: Good demand for feed wheat currently and prices remain strong. We’re now seeing more high moisture feed wheat as sellers are taking it off to avoid a repeat of last year’s harvest. We can help you find a home for your higher moisture feed wheat – call us. Still the same story with low protein HRS wheat – hefty discounts are making feed bids pretty attractive. If you’ve got high protein HRS, your best strategy seems to be hold and wait.
Oats: Buyers are finally coming to the table for 2CW and 3CW oats after low demand through August and the first part of September. Bids are coming in around $2.70 – $3.00/bu delivered Edmonton/Calgary for good quality #2CW. Large new crop supplies are making buyers tentative, but quality is now an issue with any oats still in the field.
Canola:Still hearing $11/bu picked-up targets could hit in the near future, but currently seeing bids around $10.50-10.75/bu at the bin for Oct-Nov.
Peas: Still seeing harvest lows for both greens and yellows. Recession in India has slowed imports from Western Canada as well as a recent sale of yellow peas from Russia. Green pea bids should stay steady due to lower production this year throughout western Canada.
Send us your samples!!
Mail to: 3-5400 50 Street, Stony Plain, AB T7Z 1B7
The Buyer Brief – Joseph Billett
Buyers are still in a holding pattern and are looking for a clear direction in markets. The only benefit with the nasty weather that slammed Alberta was that most areas that were affected had completed harvest. Farmers Edmonton/north are still capitalizing on this string of good weather for as long as it holds out. Because of the delay in harvest, many buyers are looking for Barley and Wheat that can load right away. Other than quick movement, buyers have coverage for the next 2-3 weeks and are starting to want first half November on offers.
Corn has been doing its job for buyers, keeping Barley and Feed Wheat from running away. Feed Wheat, we’re seeing more cases of .08+ ergot in northern Alberta than previous years, some buyers can make these levels work, but sellers may see a lower price, mostly because of higher freight costs. Currently seeing the best premiums from buyers for Nov-Dec, there is still uncertainty on clear price direction moving forward. Would love to hear your thoughts on current markets! @JosephBillett .
Feed pricing is currently stronger. Call to discuss strategy!
#1/#2 HRS Wheat:
Protein discounts are HUGE right now. Be sure you’re comparing apples to apples when shopping around. *If you have good protein / high falling #, it will most likely be worth storing till the new year.
– 2CW OATS @ the bin (subject to sample):
Oct: $2.30/ bushel
Nov: $2.40/ bushel
Dec–Jan: $2.60/ bushel
Feb-March: $2.65/ bushel
April-May: $2.70/ bushel
May-June: $2.75/ bushel
July-August: $2.80/ bushel
– 3CW OATS
$0.10-0.25/bushel discount to 2cw bids.
– FEED OATS, low quality
Oct: $1.75/ bushel
– GREEN PEAS @ the bin:
Max 3% bleach:
Oct-Dec: $7.75/ bushel
*Call for discounts on higher bleach.
– YELLOW PEAS @ the bin
Harvest pressure still has prices in a not-too-exciting window:
Oct: $7.10-7.15/ bu
Nov-Dec: $7.25/ bu
Jan-Feb: $7.50-7.60/ bu
*Call to discuss strategy / place a target!
– FEED PEAS @ the bin:
Oct: $5.75-6.00/ bushel
– FEED FABA BEANS @ the bin:
Oct: $5.50-5.65/ bushel
– CANOLA @ the bin:
Canola has been a game of cat and mouse the past month. If you’re pricing without setting a target, it better be because there’s a premium! 😀
Give Jared@Agfinity.com a call to discuss, or email with your legal land description to get a price!
Feed pricing is currently stronger. Call to discuss strategy!
#1/#2 HRS Wheat:
Protein discounts are HUGE right now. Be sure you’re comparing apples to apples when shopping around. *If you have good protein / high falling #, it will most likely be worth storing till the new year.
– 2CW OATS @ the bin (subject to sample):
Oct: $2.45/ bushel
Nov: $2.55-2.60/ bushel
Dec-Jan: $2.75/ bushel
Feb-April: $2.80/ bushel
May-June: $2.85/ bushel
July-Aug: $2.90/ bushel
– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids.
– FEED OATS @ the bin:
Oct: $1.75-2.00/ bushel
– GREEN PEAS @ the bin:
October:
Max 3% bleach: $7.75-8.04/ bushel
*Call or email on higher bleach.
– YELLOW PEAS @ the bin
Harvest pressure still has prices in a not-too-exciting window:
October: $7.00/bu
Nov-Jan: $7.50/bu
*Call to discuss strategy / place a target!
– FEED PEAS @ the bin
October-November: $6.00-6.20/ bushel
– FEED FABAS @ the bin
October: $6.00/ bushel
– CANOLA @ the bin (As of Oct 3rd)
October: $10.30-10.40/bu picked-up
November: $10.50
Dec-Jan: $10.65/ bu picked-up
Feb-March $10.75/bu picked-up
April-May: $10.95-11.00/bu picked-up
*Give us a call to discuss placing a target, or email Jared@Agfinity.com with your legal land description for a price!
***Ergot at 0.06-0.09: $4.50-4.85/ bushel, Oct-Nov
– #1/2 CPSR WHEAT:
Feed pricing is currently stronger. Call to discuss strategy!
#1/#2 HRS Wheat:
Protein discounts are HUGE right now. Be sure you’re comparing apples to apples when shopping around. *If you have good protein / high falling #, it will most likely be worth storing till the new year.
– 2CW OATS @ the bin (subject to sample):
Oct: $2.50/ bushel
Nov: $2.60/ bushel
Dec-Jan: $2.80/ bushel
Feb-April: $2.85/ bushel
May-June: $2.90/ bushel
July-Aug: $2.95/ bushel
– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids.
– FEED OATS @ the bin:
Oct: $2.00/ bushel
– GREEN PEAS @ the bin:
October-November:
Max 3% bleach: $8.00-8.15/ bushel
*Call or email on higher bleach.
– YELLOW PEAS @ the bin
Harvest pressure still has prices in a not-too-exciting window:
Oct: $7.20/ bu
Nov-Dec: $7.50-7.60/ bu
Jan-Feb: $7.75/ bu
*Call to discuss strategy / place a target!
– FEED PEAS @ the bin:
Oct-Nov: $6.25-6.50/ bushel
– FEED FABAS @ the bin:
Oct-Nov: $6.00-6.10/ bushel
– CANOLA @ the bin (As of Oct 3rd)
Oct: $10.50/bu picked-up
Nov: $10.60/bu picked-up
Dec-Jan: $10.75/ bu picked-up
Feb-Mar: $10.90/bu picked-up
April-May: $11.00-11.10/bu picked-up
*Give us a call to discuss placing a target, or email Jared@Agfinity.com with your legal land description for a price!
Feed pricing is currently stronger. Call to discuss strategy!
#1/#2 HRS Wheat:
Protein discounts are HUGE right now. Be sure you’re comparing apples to apples when shopping around. *If you have good protein / high falling #, it will most likely be worth storing till the new year.
– 2CW OATS @ the bin (subject to sample):
Oct: $2.55/ bushel
Nov: $2.65/ bushel
Dec-Jan: $2.85/ bushel
Feb-April: $2.90/ bushel
May-June: $2.95/ bushel
July-Aug: $3.00/ bushel
– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids.
– FEED OATS @ the bin:
Oct: $2.00/ bushel
– GREEN PEAS @ the bin:
October:
Max 3% bleach: $7.75-8.04/ bushel
*Call or email on higher bleach.
– YELLOW PEAS @ the bin
Harvest pressure has been pushing prices down recently.
Oct: $7.25/ bu
Nov-Dec: $7.45-7.50/ bu
Jan-Feb: $7.70/ bu
*Call to discuss strategy / place a target!
– FEED PEAS @ the bin:
Oct: $6.25-6.50/ bushel
– FEED FABAS @ the bin:
Oct: $6.00-6.25/ bushel
– CANOLA @ the bin (As of October 3rd)
Oct: $10.60/bu picked-up
Nov: $10.70/bu picked-up
Dec-Jan: $10.85/ bu picked-up
Feb-Mar: $11.00/bu picked-up
April-May: $11.15-11.20/bu picked-up
*Give us a call to discuss placing a target, or email Jared@Agfinity.com with your legal land description for a price!
Feed pricing is currently stronger. Call to discuss strategy!
#1/#2 HRS Wheat:
Protein discounts are HUGE right now. Be sure you’re comparing apples to apples when shopping around. *If you have good protein / high falling #, it will most likely be worth storing till the new year.
– 2CW OATS @ the bin (subject to sample):
Oct: $2.50-2.60/ bushel
Nov: $2.60-2.65/ bushel
Dec-Jan: $2.65-2.75/ bushel
Feb-April: $2.75-2.80/ bushel
May-June: $3.00/ bushel
July-Aug: $3.00/ bushel
– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids.
– FEED OATS @ the bin:
Oct: $1.85-2.00/ bushel
– GREEN PEAS @ the bin:
October-December:
Max 3% bleach: $7.20-7.25/ bushel
*Call or email on higher bleach.
– YELLOW PEAS @ the bin
Harvest pressure still has prices in a not-too-exciting window:
October: $7.20-7.25/bu
Nov-Jan: $7.25-7.30/bu
*Call to discuss strategy / place a target!
– FEED PEAS @ the bin
October-November: $6.00-6.20/ bushel
– FEED FABAS @ the bin
October: $6.00/ bushel
– CANOLA @ the bin (As of Oct 3rd)
October: $10.30-10.40/bu picked-up
November: $10.50
Dec-Jan: $10.65/ bu picked-up
Feb-March $10.75/bu picked-up
April-May: $10.95-11.00/bu picked-up
*Give us a call to discuss placing a target, or email Tracy@Agfinity.com with your legal land description for a price!
Feed pricing is currently stronger. Call to discuss strategy!
#1/#2 HRS Wheat:
Protein discounts are HUGE right now. Be sure you’re comparing apples to apples when shopping around. *If you have good protein / high falling #, it will most likely be worth storing till the new year.
– 2CW OATS @ the bin (Subject to sample):
Oct: $2.55/ bushel
Nov: $2.65/ bushel
Dec-Jan: $2.85/ bushel
Feb-April: $2.90/ bushel
May-June: $2.95/ bushel
July-Aug: $3.00/ bushel
– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids.
– FEED OATS:
Oct: $2.00-2.10/ bushel
– GREEN PEAS @ the bin:
Max 3% bleach:
Oct: $7.90/ bushel
Nov: $8.00/ bushel
*Call for discounts on higher bleach.
– YELLOW PEAS @ the bin
Harvest pressure still has prices in a not-too-exciting window:
October: $7.40-7.45/ bushel
November-December: $7.50/ bushel
Jan-Feb: $7.65/ bushel
*Call to discuss strategy / place a target!
– FEED PEAS @ the bin
Oct: $6.25-6.50/ bushel
– FEED FABAS @ the bin:
Oct: $6.00-6.15/ bushel
– CANOLA @ the bin (As of Oct 3rd)
Oct: $10.50/bu picked-up
Nov: $10.60/bu picked-up
Dec-Jan: $10.75/ bu picked-up
Feb-Mar: $10.90/bu picked-up
April-May: $11.00-11.10/bu picked-up
*Give us a call to discuss placing a target, or email Jared@Agfinity.com with your legal land description for a price!
Feed pricing is currently stronger. Call to discuss strategy!
#1/#2 HRS Wheat:
Protein discounts are HUGE right now. Be sure you’re comparing apples to apples when shopping around. *If you have good protein / high falling #, it will most likely be worth storing till the new year.
– 2CW OATS @ the bin (subject to sample):
Oct: $2.75/ bushel
Nov: $2.80/ bushel
Dec-Jan: $2.85/ bushel
Feb-April: $2.90/ bushel
May-June: $3.00/ bushel
July-Aug: $3.00/ bushel
– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids.
– FEED OATS @ the bin:
Oct: $1.85-2.00/ bushel
– GREEN PEAS @ the bin:
October-December:
Max 3% bleach: $7.70/ bushel
*Call or email on higher bleach.
– YELLOW PEAS @ the bin
Harvest pressure still has prices in a not-too-exciting window:
October: $7.45/bu
Nov-Jan: $7.70/bu
*Call to discuss strategy / place a target!
– FEED PEAS @ the bin
October-November: $6.00-6.20/ bushel
– FEED FABAS @ the bin
October: $6.00/ bushel
– CANOLA @ the bin (As of Oct 3rd)
October: $10.30-10.40/bu picked-up
November: $10.50
Dec-Jan: $10.65/ bu picked-up
Feb-March $10.75/bu picked-up
April-May: $10.95-11.00/bu picked-up
*Give us a call to discuss placing a target, or email Tracy@Agfinity.com with your legal land description for a price!
Feed pricing is currently stronger. Call to discuss strategy!
#1/#2 HRS Wheat:
Protein discounts are HUGE right now. Be sure you’re comparing apples to apples when shopping around. *If you have good protein / high falling #, it will most likely be worth storing till the new year.
– 2CW OATS @ the bin (subject to sample):
Oct: $2.75/ bushel
Nov: $2.80-2.85/ bushel
Dec-Jan: $2.85-2.90/ bushel
Feb-April: $2.90-2.95/ bushel
May-June: $3.00/ bushel
July-Aug: $3.00/ bushel
– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids.
– FEED OATS @ the bin:
Oct: $2.00-2.10/ bushel
– GREEN PEAS @ the bin:
October-December:
Max 3% bleach: $7.75-8.00/ bushel
*Call or email on higher bleach.
– YELLOW PEAS @ the bin
Harvest pressure still has prices in a not-too-exciting window:
October: $7.45/bu
Nov-Jan: $7.70/bu
*Call to discuss strategy / place a target!
– FEED PEAS @ the bin
October-November: $6.00-6.20/ bushel
– FEED FABAS @ the bin
October: $6.00/ bushel
– CANOLA @ the bin (As of Oct 3rd)
October: $10.30-10.40/bu picked-up
November: $10.50
Dec-Jan: $10.65/ bu picked-up
Feb-March $10.75/bu picked-up
April-May: $10.95-11.00/bu picked-up
*Give us a call to discuss placing a target, or email Tracy@Agfinity.com with your legal land description for a price!
Feed pricing is currently stronger. Call to discuss strategy!
#1/#2 HRS Wheat:
Protein discounts are HUGE right now. Be sure you’re comparing apples to apples when shopping around. *If you have good protein / high falling #, it will most likely be worth storing till the new year.
– 2CW OATS @ the bin (subject to sample):
Oct: $2.75/ bushel
Nov: $2.80-2.85/ bushel
Dec-Jan: $2.85-2.90/ bushel
Feb-April: $2.90-2.95/ bushel
May-June: $3.00/ bushel
July-Aug: $3.00/ bushel
– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids.
– FEED OATS @ the bin:
Oct: $2.00-2.10/ bushel
– GREEN PEAS @ the bin:
October-December:
Max 3% bleach: $7.75-8.00/ bushel
*Call or email on higher bleach.
– YELLOW PEAS @ the bin
Harvest pressure still has prices in a not-too-exciting window:
October: $7.45/bu
Nov-Jan: $7.70/bu
*Call to discuss strategy / place a target!
– FEED PEAS @ the bin
October-November: $6.00-6.20/ bushel
– FEED FABAS @ the bin
October: $6.00/ bushel
– CANOLA @ the bin (As of Oct 3rd)
October: $10.30-10.40/bu picked-up
November: $10.50
Dec-Jan: $10.65/ bu picked-up
Feb-March $10.75/bu picked-up
April-May: $10.95-11.00/bu picked-up
*Give us a call to discuss placing a target, or email Tracy@Agfinity.com with your legal land description for a price!
Feed pricing is currently stronger. Call to discuss strategy!
#1/#2 HRS Wheat:
Protein discounts are HUGE right now. Be sure you’re comparing apples to apples when shopping around. *If you have good protein / high falling #, it will most likely be worth storing till the new year.
– 2CW OATS (subject to sample):
Oct: $3.00/ bushel
Nov: $3.00-3.05/ bushel
Dec-Jan: $3.05-3.10/ bushel
Feb-April: $3.05-3.10/ bushel
May-June: $3.10/ bushel
July-Aug: $3.10/ bushel
– 3CW OATS :
$0.10-0.25/bushel discount to 2cw bids.
– FEED OATS :
Oct: $2.25-2.30/ bushel
– GREEN PEAS :
October-December:
Max 3% bleach: $7.75-8.00/ bushel
*Call or email on higher bleach.
– YELLOW PEAS
Harvest pressure still has prices in a not-too-exciting window:
October: $7.68/bu
Nov-Jan: $7.93/bu
*Call to discuss strategy / place a target!
– FEED PEAS
October-November: $6.25-6.50/ bushel
– FEED FABAS
October: $6.25-6.50/ bushel
– CANOLA Delivered (As of Oct 3rd)
October: $10.55-10.60/bu
November: $10.65-10.70
Dec-Jan: $10.75-10.80/ bu
Feb-March $10.85-11.00/bu
April-May: $11.00-11.18/bu
*Give us a call to discuss placing a target, or email Tracy@Agfinity.com with your legal land description for a price!
“No matter who I talk to at Agfinity, you always take care of things. You guys are so great to work with!”
– James Taylor, Leslieville, AB
“Other buyers call me, and I always tell them that the best service I get is from Agfinity, and that you guys are who I market my grain through.”
– James Thompson, Millet, AB
“Most of our marketing decisions are based off of your newsletter! We really appreciate you sending it out!”
– Phillip & Glenda Collinge, Lloydminster, SK
“I really like the personal touch in the newsletter! Thanks for sending that out!” – Jim Majeski, Camrose, AB
“I really enjoy working with you guys and the transparent service you provide!”
– Kurt Boese, Neilburg, SK
“For the past five 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.”
– Drann Hogg, Huxley, AB
“Thanks for continuing to send out a newsletter. I read right through it every time, and look forward to crop price updates.”
– Orest Hulowski, Perryvale, AB
“Enjoy reading your newsletter and price updates keep them coming, good job.”
– Peter L .Gross, Standard, AB
Have a testimonial we can share?
Just email us and say something nice about what we do. 🙂
