[Analysis & Strategies]
[WCE]
[CBOT]
[Options]
[Crop Sales]
[MB Farmgate Prices]
[SK Farmgate Prices]
[AB Farmgate Prices]
[From the Floor]
[Street Smart]
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.
[Contents]
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.
[Contents]
Futures & Options Markets
Winnipeg Commodity Exchange - May 2, 2006
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.
*Change since April 25, 2006
[Contents]
Minneapolis Grain Exchange - May 2, 2006
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
*Change since April 25, 2006
Kansas City Board of Trade - May 2, 2006
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
*Change since April 25, 2006
Chicago Board of Trade - May 2, 2006
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
*Change since April 25, 2006
Chicago Mercantile Exchange - May 2, 2006
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
*Change since April 25, 2006
[Contents]
WCE & CBOT: Options - May 2, 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
[Contents]
Wild Oats Recommended Old Crop Sale Levels -- Chart #1
Consider your operating needs with these guidelines. Do what's best for your farm
100-|
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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-|
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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
[Contents]
Prices are net to producer. 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¢]
[Contents]
Prices are net to producer. 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
[Contents]
Net price to producer. 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¢]
[Contents]
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.
First grow and harvest your wheat, then sell it.
Mina McIntyre farmed at Oxbow, Saskatchewan.
[Contents]
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
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. The Wild Oats Grain Market Advisory
is protected by copyright. Copying, retransmission or redistribution, in whole or in part,
without the prior written approval of Wild Oats Publishing is strictly prohibited.
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