Re-broadcast, re-distribution and/or forwarding of the Wild Oats Grain Market Advisory is prohibited THE WILD OATS GRAIN MARKET ADVISORY May 2, 2006 Vol. 16 No. 34 *** Winter Wheat Runs Out of Time *** There has been some rain in the southern Plains but it's too late. The crop is 6 inches high and headed. The poor/very poor categories rose to 38% last week, from 34%. *** Wheat Bad, Corn/Soybeans Good *** There are 2 kinds of crop in the United States - bad and good. Winter wheat is the bad one. It has been dry all winter and, although there have been a few rains in March and April, about a third of it is in rough shape. Last week it suffered frost damage. Spring wheat looks good. Planting is in full swing, 42% complete as of Sunday, compared to 20% a week earlier. Corn and soybeans are going in under very good conditions. The western Corn Belt had 1 to 3 inches of nice soaking rains over the weekend. Corn is 52% planted, up from 25% last week and 10% ahead of average. Soybeans are 10% planted, also ahead of average. *** Stocks Working the Right Way *** AgCanada's special crops S&D shows carry-out stocks of most crops on the decline. Pulse and Special Crops S&D AgCanada April 28/06 Prod'n Supply Export Dom. Carry Peas Use Out 2003 2,124 2,458 1,316 937 205 2004 3,338 3,600 1,853 1,152 595 2005 3,100 3,785 2,300 1,185 300 2006est 2,950 3,350 1,950 1,200 200 Lentils 2003 520 580 367 175 38 2004 962 1,010 451 314 245 2005 1,278 1,533 635 298 600 2006est 625 1,235 640 225 370 Mustard 2003 226 288 121 75 92 2004 306 399 119 86 194 2005 201 396 130 81 185 2006est 140 326 140 76 110 Canary 2003 226 246 165 14 67 2004 301 368 163 35 170 2005 227 397 175 37 185 2006est 120 305 175 35 95 (Note: Units in 1,000 metric tonnes) Global pea supplies are forecast to increase slightly on bigger US and European crops. Canadian green lentil production is expected to be quite a bit lower. Mustard carry-in stocks are mostly of low quality. World canary supply is forecast to decrease by 21% to 345,000 tonnes. *** World Stocks Dropping *** The International Grains Council forecasts end stocks from 2006/07 will drop 11%. Wheat production will drop from 619 mln tonnes in 2005 to 598 mln tonnes in 2006. Use will also drop as less wheat is fed. Corn production will increase but usage will increase even more. World Production and Stocks - ICG April 28/06 Wheat 2003 2004 2005 2006 Production 556 628 619 598 Use 595 616 623 614 End Stocks 127 139 135 119 Exporter End Stocks 40 54 51 45 Corn Production 624 711 682 690 Use 643 683 686 709 End Stocks 105 133 129 111 Exporter End Stocks 31 64 68 60 (Note: Units in million metric tonnes) *** Canola Crush Strong *** Crushers are bidding up canola prices. Farmers are receiving $6.10 and $6.15/bu in western Saskatchewan and Alberta. There are rumours of increases in crusher capacity at Lloydminister. The new plant at Velva will be using canola from a million acres in 2007. *** Futures Higher *** Futures are higher in spite of fast seeding progress and good rains in the US and a climbing dollar in Canada. The climbing Canadian dollar is bullish barley use because American buyers are backing away from Canadian feeders. They had bought a lot earlier. Soybeans and canola are higher on fund buying as gold and oil continue to surge. The rapid pace of corn planting suggests more corn and fewer beans. ************************************************************************* A N A L Y S I S / S T R A T E G I E S *** Some Oat Prices Up - John DePutter *** Some companies have raised their oat prices the past several days. While they may not all show it publicly, some are pricing out the target prices that farmers had placed. Some of the strength is based in the U.S. From April 19 to May 1, the July CBT oat future rallied from about $1.76 to $1.96/bu. This prompted some Canadian buyers to up their bids and/or pick off some standing pricing orders for old and new-crop oats. But today, Chicago reversed. July fell 5 1/4 cents to $1.88 1/2. Meanwhile, the Cdn $ cruised above 90 1/2 cents. This combination of events could force some buyers to lower their bids or at least not raise them much more in the short run. With Statistics Canada's big acreage intentions number in the background (up 18% from last year), buyers are not particularly worried about new-crop supplies. Wild Oats is already 80% sold and it may be worth holding the last 20%. Readers who are behind with sales may want to make an incremental sale. Some farmers should consider pricing 20% of new-crop. *** Canola Near a Seasonal High? *** The canola market has muscled its way higher the past several weeks based on a vigourous soybean oil rally, biodiesel demand, a rapid canola export pace, and just recently a surprising low Statistics Canada acreage number (down more than 14%). July canola is up about $26/tonne from its January low and Nov is up about $30. It's quite common for the canola market to make a key turn right about now. If it's in a rising trend, it'll often make a seasonal peak in early May. There is no question that old-crop canola is disappearing faster than was thought likely three or four months ago. And the government's new-crop acreage indications, if accurate or near-accurate certainly add a more positive flavour to the 2006/07 outlook. But even so, we are still dealing with an ample supply of old-crop canola in Western Canada. Note too, the Cdn $ is cruising up past 90 cents and if it keeps going, it sure won't help our canola prices. The seasonal tendency for a turn, still-ample old-crop supply and rising Cdn $ mean farmers holding a lot of canola may be wise to dole some out now, into this rally. Wild Oats is already 80% sold on old-crop canola. *** Wheat Market Still Up In the Air *** Wheat markets are chopping up and down waiting for more insight into the size of the U.S. crop. The extent of a rain event scheduled for Kansas later this week will be one factor governing short-term action. Then, May 12 will be a big day – that's when USDA releases an important U.S. crop report. USDA's initial peek at 2006/07 global wheat supplies will be interesting too, because it could remind world traders that they are facing a year of tightening ending stocks. It's an understatement to say that it's going to be an interesting new-crop marketing year for wheat growers in western Canada, many of whom are gearing up for a big acreage increase. *** The Tide is Turning - John Duvenaud *** December, 2005 was the bottom of these markets. Prices for crops were poor, if you could even find a buyer. Nothing dramatic has happened since then but the news gradually got better. Biodiesel is whittling away at canola stocks. Once huge pea stocks are running out. Winter wheat suffered winterkill in Russia and drought in Kansas. Chickpeas became valuable after a poor season in India. Now, as we head into seeding, things are looking up. Prices are rising, not falling and farmers are becoming reluctant to push sales. Buyers are having to push bids higher to get any business. Peas: Yellows now trade at a premium to greens. This is not unprecedented but it is definitely abnormal. Both greens and yellows have been sold aggressively around the world but greens are a vegetable and yellows are a protein flour with far wider usage. In addition the Canadian government is specifying yellow peas for food aid. The result - Canada is just about sold out of yellows. Normally it is more difficult to harvest an edible green than an edible yellow. Normally greens have a 50 cent to $2 premium. If you're in a good green pea area don't hesitate to plant greens. A more normal price relationship between greens and yellows will probably resume with new crop. Lentils: With old-crop No 1 Lairds trading at 10 - 11 cents, farmers are not enthusiastic about planting more. These cheap markets are not going to last. Prairie processors are not bidding for new crop green lentils but they're talking about paying 16 or 17 cents for new crop No 1 Lairds. With those kinds of numbers old crop stocks are becoming more difficult to originate. Few farmers are interested in 10 cent bids. New crop prices will probably be higher. Overseas buyers, it must be said, are not placing new crop lentil orders at higher prices. They're still complacent, grateful for this cheap protein coming out of Canada. Canary: Canary is another crop where buyers are paying more. Canary has crept up to 9 cents but that's still cheap. With spring wheat potential looking so good expect a lot of traditional canary acres to move to wheat. AgCanada projects the 06 canary carryout to drop to 95,000 tonnes, from 185,000 this crop year. That's still a hefty supply but getting into the "ordinary" range. Wholesale canary prices have climbed 2 cents/lb since the StatsCan seeding report last week. This increase has not yet filtered through to the farmer level. No processor has been short canary for some time so there is no panic buying. Rather, processors are quietly accumulating any cheap canary still available. If you're selling canary, hold out for 10 cents. Chickpeas: Chickpeas had their big rally 3 months ago and have since backed off. Prices for a top 10 mm kabulis went as high as 46 cents/lb but have since backed off to 39 cents. That's academic, in any case, since there are practically no top chickpeas left in Canada. New crop bids hit as high as 36 - 37 cents but have retreated to the 30 cents that is curently available. ************************************************************************* Winnipeg Commodity Exchange Close Chg* Open Chg* Contract Int. Hi Low Canola MAY 269.10 +5.20 594 -8116 340 245 JUL 278.00 +5.30 56909 +2994 342 252 NOV 293.20 +4.70 24628 +4254 356 267 JAN 299.30 +4.40 1456 +75 305 275 MAR 305.00 +5.30 332 +136 307 287 JUL07 315.50 +7.20 504 +452 Barley MAY 113.20 -0.40 99 -334 129 113 JUL 120.20 +0.10 9432 +250 130 120 OCT 126.70 +0.60 1110 +399 134 125 DEC 129.80 -1.70 761 -1 133 128 MAR 134.80 -0.20 97 -2 Wheat MAY 114.00 +4.40 186 -255 114 100 JUL 117.00 +6.50 4005 -21 117 104 OCT 119.00 +2.00 991 +279 120 111 DEC 123.50 +1.50 44 n.c. MAR 126.70 +1.50 0 n.c. [Futures for May 2, 2006. *Change since Apr 25, 2006] Minneapolis Grain Exchange Close Chg* Open Chg* Contract Int. Hi Low Wheat MAY 4.16 -0.04 919 -3360 4.38 2.84 HRS JUL 4.25 -0.04 20692 +873 4.28 3.47 SEP 4.30 -0.03 9932 +820 4.46 3.57 [Futures for May 2, 2006. *Change since Apr 25, 2006] Kansas City Board of Trade Close Chg* Open Chg* Contract Int. Hi Low Wheat MAY 4.39 -0.04 1508 -9683 4.62 3.46 HRW JUL 4.44 -0.07 80129 +5426 4.70 3.43 SEP 4.48 -0.06 12656 +1195 4.70 3.47 [Futures for May 2, 2006. *Change since Apr 25, 2006] Chicago Board of Trade Close Chg* Open Chg* Contract Int. Hi Low Soybeans MAY 5.91 +0.11 8133 -40260 7.41 5.30 JUL 6.03 +0.10 221660 +12659 7.36 5.35 AUG 6.08 +0.09 11967 +1117 7.07 5.68 NOV 6.23 +0.09 87043 +10556 6.60 5.42 Soybean MAY 25.32 +0.52 4496 -10600 26.35 19.98 Oil JUL 25.73 +0.47 161344 +25383 26.57 20.25 AUG 25.91 +0.47 10228 +1412 26.73 20.30 Soybean MAY 176.2 +2.5 5614 -14807 230.5 164.6 Meal JUL 177.5 +3.1 92313 +7122 227.0 166.0 AUG 178.7 +3.2 16793 +1815 221.0 169.5 Corn MAY 2.33 +0.02 23358 -51162 2.76 2.09 JUL 2.44 +0.02 573181 +16671 2.79 2.17 DEC 2.67 +0.01 345867 +13182 2.75 2.38 Wheat MAY 3.55 +0.05 1688 -20662 3.91 3.17 JUL 3.67 +0.03 229352 +9951 4.00 3.26 SEP 3.79 +0.03 31372 +2836 4.10 3.35 Oats MAY 1.86 +0.09 53 -1304 2.01 1.54 JUL 1.89 +0.05 7536 +1166 1.96 1.71 SEP 1.82 +0.07 270 +50 1.86 1.65 [Futures for May 2, 2006. *Change since Apr 25, 2006] Chicago Mercantile Exchange Close Chg* Open Chg* Contract Int. Hi Low Live Cattle JUN 75.10 +1.57 116507 -8415 88.00 72.75 AUG 77.08 +1.83 66418 +7537 86.75 74.50 Lean Hogs JUN 65.70 +0.37 76647 -6988 73.45 59.50 JUL 66.68 +0.03 36808 +11635 70.55 56.90 Cdn$ JUN 90.46 +1.95 108760 +15722 90.46 79.50 SEP 90.69 +1.94 2762 +121 90.69 79.69 DEC 90.92 +1.94 834 +58 90.92 83.06 [Futures for May 2, 2006. *Change since Apr 25, 2006] Canola Options Canola Options Barley Options Wheat Options Jul 278.00 Nov 293.20 Oct 126.70 Oct 119.00 Calls Puts Calls Puts Calls Puts Calls Puts 240. 37.90 0.10 260. 36.60 4.10 100. 26.30 0.10 100. 18.90 0.20 250. 28.40 0.60 270. 29.50 6.80 105. 21.40 0.10 105. 14.40 0.60 260. 19.90 2.00 280. 23.30 10.40 110. 16.80 0.30 110. 10.40 1.50 270. 12.80 4.80 290. 18.10 14.90 115. 12.40 0.90 115. 7.00 3.00 280. 7.60 9.50 300. 13.80 20.40 120. 8.60 2.00 120. 4.40 5.40 290. 4.10 16.10 310. 10.30 26.80 125. 5.50 3.90 125. 2.60 8.50 300. 2.10 24.00 320. 7.60 33.90 130. 3.30 6.50 130. 1.40 12.20 310. 1.00 32.80 330. 5.50 41.50 135. 1.80 10.00 135. 0.70 16.40 Soybean Options Corn Options Nov 6.23 Dec 2.67 Calls Puts Calls Puts 5.60 0.75 0.14 2.30 0.07 5.80 0.63 0.21 2.40 0.36 0.10 6.00 0.52 0.30 2.50 0.31 0.14 6.20 0.43 0.40 2.60 0.26 0.20 6.40 0.36 0.53 2.70 0.23 0.26 6.60 0.30 0.66 2.80 0.19 0.32 6.80 0.25 2.90 0.17 7.00 0.21 3.00 0.14 0.47 ************************************************************************ WILD OATS RECOMMENDED OLD CROP SALE LEVELS -- Chart #1 Consider your operating needs with these guidelines. Do what's best for your farm 100-| | 90 -| | 80 -|*-31-Jan-06 *-31-Jan-06 *-21-Mar-06 |* * * 70 -|*-17-Jan-06 * * |* * * 60 -|* *-11-Oct-05 *-20-Dec-05 *-24-Jan-06 *-21-Mar-06 |* * * * * 50 -|*-29-Nov-05 * * * * |* * * * * 40 -|* *-13-Sep-05 *-15-Nov-05 *-10-Jan-06 *-17-Jan-06 |* * * * * 30 -|*-09-Aug-05 * * * * |* * * * * 20 -|*-21-Jun-05 *-09-Aug-05 *-02-Aug-05 *-18-Oct-05 *-20-Sep-05 |* * * * * 10 -|* * * * * |* * * * * 0 -|------------------------------------------------------------------- CANOLA FLAX OATS FEED WHEAT BARLEY ************************************************************************* WILD OATS RECOMMENDED OLD CROP SALE LEVELS -- Chart # 2 100-| | 90 -| | 80 -|*-10-Jan-06 *-11-Apr-06 *-07-Feb-06 |* * * 70 -|* * * |* * * 60 -|*-29-Nov-05 *-22-Nov-05 *-21-Mar-06 *-07-Mar-06 *-17-Jan-06 |* * * * * 50 -|* * * * * |* * * * * 40 -|*-13-Sep-05 *-01-Nov-05 *-03-Jan-06 *-17-Jan-06 *-15-Nov-05 |* * * * * 30 -|* * * * * |* * * * * 20 -|*-09-Aug-05 *-09-Aug-05 *-27-Sep-05 *-18-Oct-05 *-11-Oct-05 |* * * * * 10 -|* * * * * |* * * * * 0 -|------------------------------------------------------------------- LENTILS PEAS MUSTARD CANARY CHICKPEAS ************************************************************************ MANITOBA FARMGATE PRICES Prices are net to producer based on freight, where applicable, of $22.15 to Thunder Bay, $46.50 to Vancouver. Your local rate may differ. Prices as of May 2, 2006. Basis Net Per Bushel Canola: Prices under May at $269; New crop under Nov at $293 Del Elevator: 12 - 16 253 - 257 5.74 - 5.83 New Del Elev: 19 - 28 265 - 274 6.01 - 6.22 Bunge:Harrowby: $5.85 (May); $5.94 (Jun); $5.99 (Jul); $6.27 (Nov) Altona: $5.94 (May); $6.08 (Jun); $6.17 (Jul); $6.27 (Nov) Barley: Prices under May at $113 Del Elev (low vomi): 8 - 21 92 - 106 2.00 - 2.30 FOB Farm (DOL): 35 - 40 73 - 78 1.60 - 1.70 A.J.BAT Trades (FOB SK) 47lb: $1.65; 49lb: $1.59; 50lb: 1.70 - 1.82; 52lb: 1.72 Feed Wheat: Prices under May at $114 Del Elevator: 1 - 23 91 - 113 2.48 - 3.08 FOB Farm (West): 15 - 33 81 - 99 2.20 - 2.70 Flax Del Elev: $5.80 - 6.23; Del Bunge: Altona: $6.00 Oats FOB Farm: $1.60 - 1.90; Del: 1.65 - 1.94 A.J.BAT Trade: $1.80 FOB farm Rye Del Elevator: $1.82; A.J.BAT Trade: $2.40 FOB Farm Lentils Laird #1: 9 - 10¢; #2: 6.5 - 7.5¢; X3: 5.5¢ New (del SK): #1: 8 - 9¢; #2: 6 - 6.5¢ Eston #1: 10¢; #2: 7.5 - 8¢ New (del SK): #1: 9 - 10¢; #2: 6.5 - 7.5¢ Richlea #1: 8.5 - 9¢; #2: 6¢ New (del SK): #1: 7.5 - 8.5¢; #2: 5.5 - 6¢ Crimson #2+: 12.5 - 13¢ New (del SK): #1: 11.5 - 12.5¢; #2: 10.5 - 12¢ Canary Seed FOB Farm: 8 - 9¢; 8.5 - 9.5¢ del Sunflower Oil: 11.5¢; New: 12¢; Conf: 15 - 15.5¢ (17¢ del SK); New: 16¢ Peas Green: $3.40 - 3.50 del; Yellow: $3.40 - 4.00 del Feed: $2.00 - 3.05 del Chick Peas [del SK] Desi: 11 - 14.5¢; New: 11 - 13.25¢; B-90: #2+: 20 - 22¢ Kabuli: 10mm: 35 - 44¢; 9mm: 30 - 38¢; 8mm: 22 - 30¢; 7mm: 10 - 14¢ New: Kabuli: 10mm: 30 - 33.5¢; 9mm: 26.5 - 26.5¢; 8mm: 20 - 20.5¢ Beans [del Plant] Cranberry: 23 - 26¢ Small Red: 16.25 - 17¢; New: 10.5 - 12¢ Navy: 18 - 19¢; New: 19 - 20¢ Pinto: 14.5 - 15.5¢; New: 14.5 - 17¢ Red Kidney Lgt: 21 - 22¢; New: 21 - 23¢; Dark: 23 - 24¢; New: 20.75 - 23¢ Black: 20.75 - 21.75¢; New: 17 - 19¢ Pink: 18 - 20.5¢; New: 14.75 - 20¢ Great Northern: 18 - 19¢; New: 16.5 - 18¢ Fababeans: #2: 6 - 6.5¢; New: 6.25 - 6.5¢ Fd: 2.25 - 2.5¢; New: 2.25 - 2.5¢ Mustard (del SK) Yellow: 11 - 12.5¢; Brown: 11 - 12.5¢; Oriental: 9 - 11¢ New (del SK) Yellow: 12 - 14.5¢; Brown: 11.5 - 13.5¢; Oriental: 10 - 13¢ Corn (May 1) Del MB: $2.63; ON: $2.58; New: $3.02 - 3.07 Soybeans (May 1) Del MB: $5.86; ON: $2.585.99 - 6.12; New: $6.27 - 6.46 Delivered North Dakota Plant/Elevator - $US/bu [$Cnd/bu in brackets] DNS [14%]: $3.75 - 4.12 [$4.16 - 4.57] Durum: $3.30 - 3.70 [$3.66 - 4.10] Oats : $1.00 - 1.60 [$1.11 - 1.77] Corn: $1.65 - 2.05 [$1.83 - 2.27] Barley Fd: $1.20 - 1.50 [$1.33 - 1.66] Malt: $1.85 - 2.45 [$2.05 - 2.72] Soybeans: $4.80 - 5.35 [$5.32 - 5.93] Canola: $4.80 - 5.23 [$5.32 - 5.79] Flax: $4.90 - 5.65 [$5.43 - 6.27] NCFlax $5.00 [$5.55] NC Soybean: $4.90 - 5.61 [$5.43 - 6.22] NCCorn: $1.99 - 2.41 [$2.21 - 2.67] Peas Green: $2.00 - 3.00 [$2.22 - 3.33] Yellow: $2.00 - 3.00 [$1.22 - 3.33] Beans [¢/lb]: Pinto: 13.0 - 14.0¢ [14.4 - 15.5¢] Navy: 17.0 - 19.0¢ [18.9 - 21.1¢] Small Red: 17.0¢ [18.9¢] Grt Nth: 15.0 - 16.0¢ [16.6 - 17.7¢] Black: 19.0 - 20.0¢ [21.1 - 22.2¢] Kdny Drk: 20.0 - 21.0¢ [22.2 - 23.3¢] Oil Sunflwr: 8.0 - 9.2¢ [8.9 - 10.1¢] NuSun: 8.3 - 10.0¢ [9.1 - 11.1¢] SASKATCHEWAN FARMGATE PRICES Prices are net to producer based on freight, where applicable, of $31.95 to Thunder Bay, $38.71 to Vancouver and $31.00 to Lethbridge. Your local rate may differ. Prices as of May 2, 2006. Basis Net Per Bushel Canola: Prices under May at $269; New crop under Nov at $293 Del Elevator: 9 - 29 240 - 260 5.44 - 5.90 FOB Farm: 27 - 49 220 - 243 5.00 - 5.50 New Crop (Del): 25 - 45 248 - 264 5.63 - 6.09 Bunge:Nipawin: $5.81 (May); $5.87 (Jun); $5.92 (Jul); $6.27 (Nov) Dixon: $5.60 (May); $5.58 (Jun); $5.86 (Jul); $6.07 (Nov) Barley: Prices under May at $113; New Crop under Oct at $127 Del Elevator: 41 - 58 56 - 72 1.21 - 1.57 FOB Farm: 21 - 40 73 - 92 1.60 - 2.00 New (Del): 58 - 65 62 - 68 1.34 - 1.49 A.J.BAT Trades (FOB Farm) 47lb: $1.65; 49lb: $1.59; 50lb: 1.70 - 1.82 Feed Wheat: Prices under May at $114; New Crop under Oct at $119 Del Elevator: 25 - 34 80 - 89 2.17 - 2.42 FOB Farm (DOL): 11 - 29 85 - 103 2.31 - 2.80 New (Del): 39 - 47 72 - 80 1.95 - 2.17 A.J.BAT Trade: 58lb: $2.74 FOB Farm Flax Del: $5.50 - 6.00; Bunge: Dixon: $5.50; New Crop: $5.09 - 5.65 del Oats FOB Farm: $1.60; Del: $1.65 - 1.85; A.J.BAT Trade: $1.80 FOB Farm Rye Del: $1.38 - 2.20; New: $1.24 - 1.38 del Lentils Laird #1: 10¢; 9 - 10.5¢ del; #2: 6.5 - 7¢; 6.5 - 7.5¢ del X3: 5.5¢; 5 - 6¢ del; #3: 4 - 5¢ del New: #1: 8 - 9¢ del; #2: 6 - 6.5¢ del Eston #1: 10¢; 10 - 11¢ del; #2: 7.5¢; 7.5 - 8.0¢ del X3: 5 - 5.5¢ del; #3: 4 - 5.5¢ del New: #1: 9 - 10¢ del; #2: 6.5 - 7.5¢ del Richlea #1: 7.5¢; 8.5 - 9¢ del; #2: 6¢; 6 - 6.75¢ del X3: 5 - 5.5¢ del; #3: 4 - 4.5¢ del New: #1: 7.5 - 8.5¢ del; #2: 5.5 - 6¢ del Crimson #1: 13¢; 12.5 - 14¢ del; #2: 13¢; 12 - 14.5¢ del X3: 5 - 11.25¢ del; #3: 4 - 5¢ del New: #1: 11.5 - 12.5¢ del; #2: 10.5 - 12¢ del French (Del): #1: 7.5 - 10¢; #2: 7.5 - 10¢ New: #1: 6.5 - 7.5¢ Robin (Del) : #1: 14¢; #2: 14¢ Canary Seed FOB Farm: 8 - 9¢; Del: 8.5 - 9.5¢; New: 7.25 - 8.5¢ del Sunflower Oil: 11.5¢; 11.5 - 12.5¢ del; New: 12¢ del Conf: 15 - 15.75¢; 15 - 17¢ del; New: 16¢ del Peas Green: $3.25 - 3.65; $3.30 - 3.75 del Blch'd: 10%: $3.50; 15%: $3.40; 25%: $3.05 Yellow: $3.25 - 3.70; $3.20 - 3.75 del Feed: $2.00 - 3.05 del New (del) Yellow: $3.20 - 3.25; Green: $3.40 - 3.75; Feed: $1.70 - 2.00 Chickpeas #1Desi (del): 11 - 14.5¢; New Desi: 11 - 13.25¢ B-90 (del): #2+: 20 - 22¢ Kabuli (del) 10mm 35 - 44¢; 9mm 30 - 38¢; 8mm 22 - 30¢; 7mm: 10 - 14¢ New Kabuli (del): 10mm: 30 - 33.5¢; 9mm: 26 - 26.5¢; 8mm: 20 - 20.5¢ Mustard Yellow: 11 - 12.5¢ del; Brown: 11 - 12.5¢ del; Oriental: 9 - 11¢ del New Yellow: 12 - 14.5¢ del; Brown: 11.5 - 13.5¢ del Oriental: 10 - 13¢ del ALBERTA FARMGATE PRICES Net price to producer is based on freight, where applicable, of $29.80 to Vancouver, $42.00 to Thunder Bay and $15 to Lethbridge. Your local rate may differ. Prices as of May 2, 2006. Basis Net Per Bushel Canola: Prices under May at $269; New Crop under Nov at $293 Del Elevator: 2 - 21 248 - 267 5.62 - 6.06 Bunge: 11 - 15 254 - 258 5.76 - 5.85 ATL: 16 253 5.73 FOB Farm: 18 - 40 229 - 251 5.20 - 5.70 New Del Elev: 19 - 31 263 - 274 5.95 - 6.22 Barley: Prices under May at $113; New under Oct at $127 Del Elevator: 3 - 50 64 - 110 1.38 - 2.40 South - Lethbridge: 2 - 7 106 - 111 2.31 - 2.42 Central - Red Deer: 14 - 26 87 - 99 1.90 - 2.15 North - Grande Prairie: 26 - 33 80 - 87 1.75 - 1.90 FOB Farm: 33 80 1.74 New Del: 12 - 47 80 - 115 1.74 - 2.50 Feed Wheat: Prices under May at $114; New under Oct at $119 Del Elevator: 17 - 33 81 - 97 2.20 - 2.63 South-Lethbridge: 6 - 12 102 - 108 2.78 - 2.94 Central-Red Deer: 18 - 31 83 - 96 2.25 - 2.61 North-Grande Prairie: 29 - 31 83 - 85 2.25 - 2.32 FOB Farm: 22 - 33 81 - 92 2.20 - 2.50 New Del: 10 - 43 76 - 109 2.07 - 2.97 Oats Del Elevator: 96 - 108 1.48 - 1.67 South - Lethbridge: 119 - 120 1.84 - 1.85 Central - Red Deer: 110 - 114 1.70 - 1.75 North - Grande Prairie: 81 - 91 1.25 - 1.40 FOB Farm: 84 - 97 1.30 - 1.50 New Del Elev 76 - 97 1.16 - 1.49 Flax Delivered: $5.64 Rye Delivered: $1.64 - 1.70; New Delivered: $1.43 - 1.59 Lentils Laird:#1: 9 - 10¢; #2: 6.5 - 7.5¢; X3: 5.5¢ New (del SK): #1: 8 - 9¢ Eston: #1: 10 - 11¢; #2: 7 - 7.5¢ New (del SK): #1: 9 - 10¢; #2: 6.5 - 7.5¢ Richlea: #1: 8.5¢; #2: 6¢ New (del SK): #1: 7.5 - 8.5¢; #2: 5.5 - 6¢ Crimson: #1: 11 - 13¢; #2: 13¢ New (del SK): #1: 11.5 - 12.5¢; #2: 10.5 - 12¢ Canary Seed FOB Farm: 8.5 - 9¢; 8.5 - 9.5¢ del New (del SK): 7.5 - 8.5¢ Peas Green: $3.40 - 3.69 del; Yellow: $3.40 - 3.79 del New (del SK): Ylw: $2.90 - 3.25; Grn: $3.25 - 3.75 Feed (Del): $2.10 - 3.25 Lethbridge: $3.32 - 3.54; Red Deer: $3.29; Grand Prairie: $3.00 Chick Peas Desi (del SK): #2+: 11 - 14.5¢ B-90: #2+: 20 - 22¢ del Kabuli (del): 10mm: 35 - 44¢; 9mm: 30 - 38¢; 8mm: 22 - 30¢ New (del SK) Kabuli: 10mm: 30 - 33.5¢; 9mm: 26 - 26.5¢; 8mm: 20 - 20.5¢ Mustard Yellow: 10 - 12¢ del; Brown: 10 - 11¢ del; Oriental: 10 - 11¢ del New (del SK) Yellow: 12 - 14.5¢; Brown: 11.5 - 13.5¢; Oriental: 10 - 13¢ Delivered Montana Elevator - $US/bu [ $Cnd/bu in brackets ] DNS [14%]: $3.85 - 4.54 [$4.27 - 5.03] Durum: $3.40 - 3.55 [$3.77 - 3.94] HRW [13%]: $3.87 - 4.19 [$4.29 - 4.65] Oats: not quoted Barley Fd: $1.30 - 1.73 [$1.44 - 1.92] Malt: $2.40 - 2.52 [$2.66 - 2.79] Delivered Colorado Plant/Elevator - US¢/lb [ $Cnd/lb in brackets ] Pinto: 15.0 - 17.0¢ [16.6 - 18.9¢] Great Northern: 17.0 - 18.0¢ [18.9 - 20.0¢] Kidney: Light Red: 20.0¢ [22.2¢] *********************************************************************** F R O M T H E F L O O R Opinion derived from traders on the Winnipeg Commodity Exchange Mosquitoes are hatching in swarms in the ditches of the Red River Valley. Ditches dug below culvert level abound. They're the major source of mosquitoes in southern Manitoba. Ditches are often dug deeper than can drain because some municipal operators and officials, and some farmers, believe that deeper is better when it comes to ditches. Deeper, of course, does no good when the ditch doesn't drain. Water trapped in these ditches is typically 6 inches deep or less - ideal mosquito breeding habitat. Plus, because the water eventually evaporates, there are no natural predators. Building a proper ditch is straightforward. Start at the bottom of the most downstream culvert. Use a laser level and a grader. Make the ditch bottom grade even and as high as possible to the opposite end, while allowing all the low holes in fields to drain. No part of a ditch should ever be dug deeper than the downstream culvert. With ditches, higher is better. From height, water can flow. Without height, water ponds. Winnipeg's medical officer is pleading to have rain barrels covered and dog water dishes emptied. Meantime, just outside the city, mile after mile of municipal and highway mosquito ditches. S T R E E T S M A R T Mina McIntyre First grow and harvest your wheat, then sell it. Mina McIntyre farmed at Oxbow, Saskatchewan. *********************************************************************** WILD OATS is published 40 times per year by Wild Oats Publishing, 846 - 167 Lombard Avenue, Winnipeg R3B 0V3. Tel. (204) 942-1459 Fax (204) 942-7652. E-Mail: wildoats@canadagrain.com Web Site: http://www.canadagrain.com/wildoats Information is secured from sources believed reliable, but 100% accuracy cannot be guaranteed. Persons associated with Wild Oats deal commercially with businesses active in Prairie grain markets and may hold positions on their own accounts in commodities discussed herein. ISSN 1185-2194 Copyright 2006. All rights reserved. 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