A couple weekends ago, after making our rounds at Agri-Trade in Red Deer, Michelle and I headed south for the weekend! … South being the beautiful city of Calgary, Alberta of course. Where else would a couple parents choose to spend four kid-free days…?
Thanks again to Michelle’s parents for taking care of our kids, cat and turtle that weekend! We truly enjoyed ourselves and can honestly say we feel a little mixed on our previous notion that “Calgary mocks, because Edmonton rocks!” … We both rock. Just in different, oddly similar ways.
After a few dinners out, an in-room couples massage at the Riverside Inn in Kensington, and a plethora of spontaneous shopping sprees, Michelle and I came to terms with leaving the chinook-enchanted city and began our journey back home. But before merging on to the Deerfoot, we noticed a set of flashing lights further down the trail, followed by a debatably long-neckedbottle of vehicles.
“What should we do!?” I said in a panic, driving past the Edmonton-bound merge lane. “How far is it to Stoney Trail?”
“I don’t know,” Michelle said. “Why don’t you just pull over somewhere so we can figure it out.”
Somewhere not too far from the Calgary airport, we sat in an empty parking lot analyzing our options. The quickest way to get to Stoney Trail was, funny enough, via Deerfoot Trail, so that wouldn’t have made sense… After a few minutes, we decided we were unfit to navigate our way around the traffic jam. It was time to face the music.
I’m a little embarrassed to say… it took all but two minutes to make it through the “traffic jam”. A little town problem in a big city world most Calgarians wouldn’t have even blinked at.
Do you ever do anything like that…? Try to work around a problem so fervently you end up making things worse?
What ifs… They have the power to influence every decision. Just ask Jason Maas, coach of the Edmonton Eskimos. Down seven with less than two minutes to go in Sunday’s Western CFL Final, Maas seemed to be gambling for the tie, but instead, chose to kick a field goal in hopes his defense would get the ball back for a possible game-winning touchdown… Maybe there’s some validation to “Calgary mocks“.
Whether it was the right decision, and it obviously wasn’t, I think what got to Maas was an overactive mind, amped-up on adrenaline. It’s a great idea to have a strategy, but a strategy can only prove effective if it has the time to play out.
Overthinking – though undoubtedly better than not thinking at all – gets the best of us sometimes. In the Princess Bride, Vizzini challenges the Man in Black to an inconceivable – and fatal – battle of wits, only to discover both goblets had been poisoned the whole time. In contrast, billionaire investor, Warren Buffett, has made plenty of great decisions by sitting on his hands and never deciding.
If you’re sitting on grain you had already intended to sell, and have the time and money to do it, time will tell on whether it’s the right strategy. Hindsight, as they say, is 20/20. But, if you change your strategy after every market report you read or every time you get off the phone, do you have a plan at all…?
Don’t get me wrong. Thinking is good! At Agfinity, we think every day! We’re paid to do it. And we can honestly say, some of our best customers talk to us a handful of times throughout the year, set their strategy, and we work it until it can’t be worked anymore. They don’t always end up selling at the top of the market, but they always get the schedule they know they need to make ends meet. And when ends meet, whether it’s for the tie or for the win, the whole team gets to celebrate the touchdown!
How are your dance moves looking!? Hope to hear from you soon!
Barley: Still seeing strength in the feed barley market for the next few months, but prices are still being kept in check by corn. A smaller barley supply has supported prices this year, but if buyers can’t get the supply they need, they’ll be forced to import corn. Corn and barley trading at similar levels into Lethbridge. Call us with offers! It’s a good time to set targets for pricing into Jan-Feb!
Wheat: Feed wheat prices are still holding and we currently have some strong pricing into January. Gradable wheat markets had a bit of a recovery yesterday likely due to short covering and slight concern over dry weather in the US that has winter wheat crops down at 52% good to excellent.
Oats: Prices have remained flat on oats, but offers at higher levels have gotten interest from buyers recently for mid to late winter delivery (Jan-March) for 2CW oats. Call us with offers or send us a sample.
Canola:Canola futures down currently as things are quiet in the export market due to 30% duty on crude palm oil imposed by India. Seems they’re wanting to limit import and use up their own surplus.
Peas:Yellows: Although we do have buyers, delivered bids for 2CW yellows are now down at $6-6.50/bu. Feed bids are only slightly under 2CW yellows with quicker movement available. Greens: Prices are a little better for greens with delivered bids now at $8.00-$8.20/bu. India currently protecting domestic farm prices with higher than anticipated duties; this could keep pea bids under pressure into the new year.
Send us your samples!!
Mail to: 3-5400 50 Street, Stony Plain, AB T7Z 1B7
The Feed Buyer Brief – Joseph Billett
Barley and Wheat prices in Lethbridge are $218-220 December – January. There is no spread between Barley and Wheat currently. Corn is being offered into Lethbridge between $216-218 dlvd J-F-M, keeping buyers from placing Barley and Wheat contracts any further out than they absolutely need to. Buyers are trying to get coverage for Dec – Jan but will be forced to book Corn cars if Barley and Wheat sellers close their bins and push the price higher than Corn contracts.
Sellers, keep in mind, when a feedlot books Corn they have typically been buying to cover 2-3 months for 40-50% of their rations. Feeders have been reluctant to feed 100% and run into an issue if cars are delayed.
Edmonton area buyers are getting consistent coverage out to April and are softening bids the further out they go. Once they are full, options north of Edmonton could be limited.
Would love to hear your thoughts on current markets! @JosephBillett .
Quicker movement targets, or pick-up locations outside of Grande Prairie / Peace County might trade for slightly less.
– #1/2 CPSR WHEAT:
Most feed bids are still stronger. Call to discuss!
#1/#2 HRS Wheat:
What’s the protein…? Give me a call!
– 2CW OATS @ the bin (subject to sample):
Nov-Dec: $2.55-2.60/ bushel
Jan-March: $2.65/ bushel
April: $2.75/ bushel
May: $2.80/ bushel
June: $2.75/ bushel
July-August: $2.70/ bushel
– 3CW OATS
$0.10-0.25/bushel discount to 2cw bids.
– FEED OATS, low quality
Nov-Dec: $1.75/ bushel
– GREEN PEAS @ the bin:
***Quick movement:
Have #2 green peas at 13% moisture or less? We might be able to get $7.75/bu picked-up! Give us a call!
December-February:
Max 3% bleach: $7.75/ bushel
*Call or email on higher bleach.
– YELLOW PEAS @ the bin
Dec-Feb: $6.20/ bu
*A flat outlook into India has created a flat pricing outlook for Canadian pea marketers…
– FEED PEAS @ the bin:
Nov-Dec: $5.25-5.50/ bushel
– FEED FABA BEANS @ the bin:
Nov-Dec: $5.75-6.00/ bushel, based dry / 0 tannin
– CANOLA @ the bin:
Canola trading over $11/bu delivered later winter and $10.70/bu picked-up right away! 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):
Nov: $2.65-2.70/ bushel
Dec-Jan: $2.70-2.75/ bushel
Feb-April: $2.80/ bushel
May-June: $2.90/ bushel
July-Aug: $3.00/ bushel
– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids.
– FEED OATS @ the bin:
November-December: $1.85-2.00/ bushel
– GREEN PEAS @ the bin:
November-December-January:
Max 3% bleach: $7.60/ bushel
**Premium for greens at $7.95/bu for 2CW with moisture at 13%.
*Call or email on higher bleach.
– YELLOW PEAS @ the bin
50% duty and good crops in India has bids down currently:
November-December-January: $6.00/bu
– FEED PEAS @ the bin
November-December: $6.00-6.20/ bushel
– FEED FABAS @ the bin
November-December: $6.00-6.40/ bushel
– CANOLA @ the bin (As of Nov 21st)
November: $10.78/bu
Dec-Jan: $10.90/ bu picked-up
Feb-March $10.95-11.00/bu picked-up
April-May: $11.30/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):
Nov: $2.75-2.80/ 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:
November-December: $1.85-2.00/ bushel
– GREEN PEAS @ the bin:
November-December-January:
Max 3% bleach: $7.85/ bushel
*Call or email on higher bleach.
– YELLOW PEAS @ the bin
50% duty and good crops in India has bids down currently:
November-December-January: $6.15-6.20/bu
– FEED PEAS @ the bin
November-December: $6.00-6.20/ bushel
– FEED FABAS @ the bin
November-December: $6.00-6.40/ bushel
– CANOLA @ the bin (As of Nov 21st)
November: $10.60/bu
Dec-Jan: $10.70/ bu picked-up
Feb-March $10.80-10.90/bu picked-up
April-May: $11.15/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):
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:
November-December: $2.00-2.10/ bushel
– GREEN PEAS @ the bin:
December – January: $7.85/bu picked up
– YELLOW PEAS @ the bin
December – January: $6.20/bu picked up
– FEED PEAS @ the bin
November-December: $5.50-5.75/ bushel
– FEED FABAS @ the bin
November-December: $6.00-6.40/ bushel
– CANOLA @ the bin (As of Nov 21st)
Dec-Jan: $11.00-11.05/ bu picked-up
Feb-March $11.10-11.20/bu picked-up
April-May: $11.35-11.45/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):
November: $2.80/ bushel
December-January: $2.85-2.90/ bushel
February-April: $2.90-2.95/ bushel
May-June: $3.00/ bushel
July-August: $3.00/ bushel
– 3CW OATS @ the bin:
$0.10-0.25/bushel discount to 2cw bids.
– FEED OATS @ the bin:
November-December: $2.00-2.10/ bushel
– GREEN PEAS @ the bin:
November-January: $7.60-7.68/bu picked up
– YELLOW PEAS @ the bin
November – January: $6.00/bu picked up
– FEED PEAS @ the bin
November-December: $6.00-6.20/ bushel
– FEED FABAS @ the bin
November-December: $6.15-6.40/ bushel
– CANOLA @ the bin (As of Nov 21st)
November: $10.85/bu picked up
Dec-Jan: $10.95-11.00/ bu picked-up
Feb-March $11.10-11.15/bu picked-up
April-May: $11.35-11.40/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):
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 :
November-December: $2.25-2.30/ bushel
– GREEN PEAS :
November – January: $8.00-8.08/bu delivered
– YELLOW PEAS
November – January $6.90 – $7/bu delivered
– FEED PEAS
November-December: $6.43/ bushel delivered
– FEED FABAS
November-December: $6.50-7.00 bushel
– CANOLA Delivered (As of Nov 21st)
November: $11.00+/bu
Dec-Jan: $11.10-11.19/ bu
Feb-March $11.24-11.30/bu
April-May: $11.50-11.60/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 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.”
– 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. 🙂
