Creating Wealth for Prairie Farmers Sample
© Wild Oats Publishing 2018
Wild Oats Grain Market Advisory
Wild Oats Publishing
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INTERNET EDITION
Volume 28 Number 34 May 29, 2018
Corn Chng* Contract Int. Open Hi Low Chng* +36 512 472 Soybeans 471 487 Low 10.31 +7 528 483 Nov19 514.50 +5.30 38 HRS Sep 6.36 +0.23 Minneapolis Grain Exchange Close Chng* Open Chng* Contract Int. Hi +0.22 30996 +227 7.57 +0.03 +0.07 13990 +2358 132592 -1024 6.23 4.41 7.05 +0.04 HRW 4.56 Jul19 535.40 +6.20 190 Low Wheat Jul 6.28 Wheat Jul 5.57 +0.47 +0.21 10440 +2315 6.89 Aug 380.6 6.89 5.76 6.23 6.26 5.70 -0.11 9.93 +0.04 Close Chng* China's Dalian Commodity Exchange ($U.S.) Close Low Jan 9.93 +0.04 Aug 478.32 -0.71 10.22 Nov Sep Nov 7.32 +0.07 Soymeal Jul 463.82 -5.60 Wheat 11.02 +0.04 Jan 301.4 57378 301.9 386.0 +4272 45900 +205 36.59 Jul 380.2 -2.1 213703 +0.13 24593 -762 +0.12 30.68 Sep 31.49 +0.13 32489 +4535 36.43 30.83 9.35 527 472 10.86 Jan 10.46 +0.17 55473 Jul 94787 +7736 +305 265 +67 2044 11087 +875 Winnipeg Grain Exchange Chicago Board of Trade Open Chng* Contract Close Chng* Close Hi +7.20 Jan19 106815 523 +2825 535 Int. +7.00 May19 535.30 +6.30 Soybean Canola Jul 537.80 530 484 529 472 +4.30 532.80 Jan 16.13 Mar19 535.20 Dec 6.46 Oil Soybean Meal Nov 527.10 +6.10 Nov 15.81 -0.64 7.21 Nov Sep 15.73 -0.35 7.08 Nov 10.43 +0.18 265547 +24109 10.51 9.24 384623 -32157 30.56 Mar 10.29 +0.15 66691 229764 -31897 36.68 Jul 31.21 9.50 +18903 10.55 9.81 +3030 10.53 +0.09 Aug 31.33 +0.10 Sep 5.75 +0.46 61983 477.23 -1.96 480.51 -2.31 Jul Sep Chng* Jul -0.27 4.94 Soybeans Jul 15.50 -0.30 5.98 +0.43 58485 6.13 +0.40 20036 4.78 Mar Hi +6982 6.37 +584 6.08 +16337 Int. Dec Kansas City Board of Trade Close Chng* Open Chng* Contract -339 +1 2.85 2.50 73.21 +12095 85.00 72.45 70.90 +9187 82.17 76.79 [*Futures for May 29, 2018. Change since May 15, 2018] Corn Sep Dec 77.12 -0.91 3676 Dollar Sep 76.98 -0.93 17496 +13545 82.50 73.99 Canadian Jun 76.82 -0.95 125940 +7424 82.59 Aug 77.43 -0.03 48700 Jul 78.85 +1.15 75283 85.58 72.53 n.c. 117.60 102.43 Lean Hogs Jun 75.68 +0.95 28011 -28003 84.40 Oct 104.85 +1.10 67939 +18223 117.93 99.60 Mar 6.55 +0.18 2672 +315 6.61 6.14 Aug 101.45 +1.05 165049 46678 -32384 121.53 99.55 Live Cattle Jun 103.13 +0.15 33 Chng* Contract Hi Low +0.01 222 Open Close Chng* Int. Chicago Merchantile Exchange Mar 2.56 -0.05 Dec 2.51 Sep 2.48 2.90 2.50 6.22 4.68 5.80 4.92 2.22 2.93 2.22 5.89 +0.40 36263 +97 +2418 +6 2.44 +0.04 -0.06 1065 5.72 +0.40 111382 +28985 4.37 Sep 5.54 +0.44 111962 +26181 6.11 4.51 5.37 +0.43 3.80 Mar 4.28 +0.01 140910 +0.18 4.28 3.89 305.8 4.34 3.64 Sep 4.09 -0.02 331035 +52055 4.24 3.70 -0.02 788746 4.00 4.19 n.c. 531009 Corn Jul Oats Jul Dec Wheat Jul Dec Mar 35.85 3698 -683 2.93 -19426 +45538 4.30 245892 +8993 6.10 33291 +2370 395.5 -21945 392.4 Oct 378.5 +2.7 +0.5 30.65 Sep 379.9 +1.5 42498 +5041 383.2 305.0 Oct 31.63
Manitoba Farmgate Prices    Prices are FOB farm, unless noted otherwise, as of May 29, 2018. Your local rate may differ. Basis Net Per Bushel Canola: Prices under Jul at $538  Del Elevator 3 - 31 507 - 534 11.50 - 12.12  Del Elev (Fall) 20 - 46 481 - 507 10.92 - 11.51  Bunge (del)    Altona: $12.12 (May); $12.24 (Jul); $11.51 (Sep)    Harrowby: $11.66 - 11.85 (May/Jun); $11.94 (Jul); $11.28 - 11.49 (Fall)  Nexera $12.91 - 13.48 (May/Jun); $13.14 - 13.48 (Jul); $12.73 (Fall) Barley  Del Elevator 188 - 197 4.10 - 4.30   Fall 195 4.25  Malt Del Elevator 195 - 202 4.25 - 4.40 Wheat  Feed Del Elevator 239 6.50   Feed FOB Farm 184 - 211 5.00 - 5.75  Milling Wheat (Del Elev)    CWRS #1 244 - 264 6.63 - 7.18     Fall 241 - 266 6.56 - 7.24    CPSR #2 178 - 180 4.85 - 4.90     Fall 171 4.66 Flax: not quoted Oats: $2.70; $3.25 del; Fall: $2.60; $3.05 - 3.09 del Corn: $4.45; $5.00 - 5.65 del; Fall: $4.67 del Soybeans: $11.02 - 11.55 del; Fall: $11.26 - 11.75 del Lentils  Laird #1: 26¢; 25 - 27¢ del; #2: 23 - 26¢ del; X3: 15 - 24¢ del   #3: 15 - 22¢ del; Fall: #1: 24 - 25¢; 24 - 25¢ del; #2: 22¢; 22 - 25¢ del  Eston: #1: 24¢; 22 - 25¢ del; #2: 19 - 24¢ del; X3: 19 - 20¢ del   #3: 16 - 18¢ del; Fall: #1: 24¢; 22 - 23¢ del; #2: 20 - 22¢ del  Richlea: #1: 26¢; 23 - 26¢ del; #2: 18 - 26¢ del;  X3: 13 - 19¢ del   #3: 16 - 17¢ del; Fall: #1: 22 - 23¢ del; #2: 20 - 21¢ del  Crimson: #2+: 15 - 18¢ del; X3: 14 - 15¢ del; #3: 13 - 14¢ del   Fall #2+: 15 - 17¢; 15 - 18¢ del; X3: 13.5 - 14.5¢ del; #3: 12.5 - 13¢ del Canary Seed  21¢; 19.5 - 22¢ del; Fall: 18.5¢; 17 - 21¢ del Peas  Green: $8.50 - 9.00; $7.00 - 9.25 del Sk; Fall: $8.00; $7.50 - 8.25 del Sk  Yellow: $6.50 - 7.00; $6.44 - 7.35 del Sk; Fall: $ 6.75 - 7.00; $6.70 - 7.25 del Sk  Feed: $6.00 - 7.00; $7.25 del Mustard: Yellow: 32¢; 33 - 35¢ del; Fall: 34¢; 36 - 37¢ del  Brown: 42¢; 35 - 37¢ del; Fall: 32¢; 33 - 34¢ del  Oriental: 27 - 28¢; 28 - 29¢ del; Fall: 28¢; 29 - 32¢ del Delivered North Dakota Plant/Elevator - $US/bu [$Cnd/bu in brackets] DNS [14%]: $5.58 - 6.08 [$7.26 - 7.91]; Fall: $5.41 - 5.91 [$7.04 - 7.69] Durum: $5.50 - 6.00 [$7.16 - 7.81]; Sunflwr NuSun: 16.7- 18.2¢ [21.7 - 23.6¢] Flax: $9.85 - 11.40 [$12.82 - 14.84]; Fall: $9.65 - 11.30 [$12.56 - 14.71] Corn: $3.30 - 3.50 [$4.30 - 4.56]; Fall: $3.19 - 3.54 [$4.15 - 4.61] Barley Feed: $1.95 - 3.01 [$2.54 - 3.92]; Malt: $2.65 - 3.49 [$3.45 - 4.54] Soybeans: $9.06 - 9.43 [$11.79 - 12.28]; Fall: $9.18 - 9.53 [$11.95 - 12.41] Canola: $8.68 - 9.78 [$11.30 - 12.72]; Fall: $8.27 - 9.13 [$10.76 - 11.88] Peas Yellow: $5.40 - 6.65 [$7.03 - 8.65]; Green: $6.00 - 7.20 [$7.81 - 9.37] Pinto: 20.0 - 22.0¢ [26.0 - 28.6¢]; Navy: 24.0¢ [31.2¢] Black: 25.0 - 26.0¢ [32.5 - 33.8¢]; Kidney Lgt Red: 33.0 - 35.0¢ [43.0 - 45.6¢] Saskatchewan Farmgate Prices    Prices are FOB farm, unless noted otherwise, as of May 29, 2018. Your local rate may differ. Basis Net Per Bushel Canola: Prices under Jul at $538  Del Elevator 12 - 42 496 - 526 11.25 - 11.92  Del Elev Fall 19 - 49 478 - 508 10.85 - 11.52  Bunge (del)   Nipawin: $11.79 - 11.88 (May/Jun); $11.88 (Jul); $11.92 (Aug)   Dixon: $11.75 - 11.79 (May/Jun); $11.79 (Jul); $10.85 - 11.23 (Fall)  Nexera $12.65 - 13.13 (May/Jun); $12.65 - 13.13 (Jul); $12.07 - 12.66 (Fall) Barley  Feed Del Elevator 184 - 202 4.00 - 4.40   FOB Farm (Depends on Vomi) 184 - 214 4.00 - 4.65   Fall Del Elev 175 3.80  Malt Del Elev 195 - 219 4.25 - 4.76   Fall Del Elev 202 - 225 4.40 - 4.90 Wheat  Feed Del Elevator 193 - 239 5.25 - 6.50   FOB Farm 184 - 211 5.00 - 5.75   Fall Del Elev 147 - 193 4.00 - 5.25  Milling (Del Elevator)  CWRS #1 237 - 264 6.44 - 7.17   Fall 216 - 264 5.88 - 7.17  CPRS #1 187 - 226 5.09 - 6.14   Fall 198 - 225 5.39 - 6.13  Durum 240 - 285 6.52 - 7.75    Fall 257 - 272 7.00 - 7.40 Flax: $12.25 - 13.00; $11.75 - 12.50 del; Fall: $12.00; $11.50 - 12.25 del Oats: $2.15 - 2.70; $2.48 - 2.90 del; Fall: $2.60; $2.48 - 2.84 del Lentils  Laird #1: 26¢; 25 - 27¢ del; #2: 23 - 26¢ del; X3: 15 - 24¢ del   #3: 15 - 22¢ del; New: #1: 24 - 25¢; 24 - 25¢ del; #2: 22¢; 22 - 25¢ del  Eston: #1: 24¢; 22 - 25¢ del; #2: 19 - 24¢ del; X3: 19 - 20¢ del   #3: 16 - 18¢ del; #1: 24¢; 22 - 23¢ del; #2: 20 - 22¢ del; X3: 17 - 18¢ del  Richlea: #1: 26¢; 23 - 26¢ del; #2: 18 - 26¢ del; X3: 13 - 19¢ del   #3: 16 - 17¢ del; Fall: #1: 22 - 23¢ del; #2: 20 - 21¢  Crimson: #2+: 15 - 18¢ del; X3: 14 - 15¢ del; #3: 13 - 14¢ del   Fall: #2+: 15 - 17¢; 15 - 18¢ del; X3: 13.5 - 14.5¢ del; #3: 12.5 - 13¢ del Canary Seed: 21¢; 19.5 - 22¢ del; Fall: 18.5¢; 17 - 21¢ del Peas  Green: $8.50 - 9.00; $7.00 - 9.25 del; Fall: $8.00; $7.50 - 8.25 del  Yellow: $6.50 - 7.00; $6.44 - 7.35 del; Fall: $6.75 - 7.00; $6.70 - 7.25 del  Feed Peas: $6.00 - 6.25; $6.60 del Chickpeas: Kabuli: #2: 35¢; Fall: 32¢ Mustard: Yellow: 32¢; 33 - 35¢ del; Fall: 34¢; 36 - 37¢ del  Brown: 42¢; 35 - 37¢ del; Fall: 32¢; 33 - 34¢ del  Oriental: 27 - 28¢; 28 - 29¢ del; Fall: 28¢; 29 - 32¢ del Alberta Farmgate Prices    Prices are FOB farm, unless noted otherwise, as of May 29, 2018. Your local rate may differ. Basis Net Per Bushel Canola: Prices under Jul at $538  Del Elevator 3 - 22 516 - 535  11.70 - 12.13   Bunge 10 - 14 524 - 528 11.88 - 11.97  Del Elev Fall 25 - 50 477 - 502 10.81 - 11.39  Nexera  $12.92 - 13.15 (May/Jun); $12.92 - 13.15 (Jul); $12.14 - 12.41 (Fall) Barley  Feed Del Elevator 189 - 256 4.13 - 5.57     Lethbridge 256 5.57     Vermillion 233 - 254 5.07 - 5.53     Rycroft 207 - 225 4.50 - 4.90   Fall Del 184 - 191 4.00 - 4.15  Malt Barley Del 202 - 215 4.40 - 4.68   Fall Del 204 - 215 4.45 - 4.68 Wheat  Feed Del Elevator 206 - 258 5.60 - 7.02     Lethbridge 246 - 258 6.69 - 7.02     Red Deer 228 - 253 6.21 - 6.89   Fall 176 - 193 4.80 - 5.25  Milling (Del Elev)   CWRS #1 254 - 272 6.92 - 7.40    Fall 245 - 272 6.67 - 7.40   CPRS #1 215 - 246 5.86 - 6.69    Fall 211 - 236 5.73 - 6.43   Durum 253 - 261 6.88 - 7.10 Oats  Del Elevator 177 - 195 2.72 - 3.00   Lethbridge 165 - 193 2.54 - 2.97 Flax: $11.92 - 12.00 del; Fall: $11.50 - 11.75 Lentils  Laird #1: 26¢; 25 - 27¢ del Sk; #2: 23 - 26¢ del Sk; X3: 15 - 24¢ del Sk   #3: 15 - 22¢ del Sk; Fall: #1: 24 - 25¢; 24 - 25¢ del Sk; #2: 22¢; 22 - 25¢ del Sk  Eston: #1: 24¢; 22 - 25¢ del Sk; #2: 19 - 24¢ del Sk; X3: 19 - 20¢ del Sk   #3: 16 - 18¢ del Sk; Fall: #1: 24¢; 22 - 23¢ del Sk; #2: 20 - 22¢ del Sk  Richlea: #1: 26¢; 23 - 26¢ del Sk; #2: 18 - 26¢ del Sk;  X3: 13 - 19¢ del Sk   #3: 16 - 17¢ del Sk; Fall: #1: 22 - 23¢ del Sk; #2: 20 - 21¢ del Sk  Crimson: #2+: 15 - 18¢ del Sk; X3: 14 - 15¢ del Sk; #3: 13 - 14¢ del Sk   Fall #2+: 15 - 17¢; 15 - 18¢ del Sk; X3: 13.5 - 14.5¢ del SK; #3: 12.5 - 13¢ del Sk Canary Seed: 21¢; 19.5 - 22¢ del; Fall: 18.5¢; 17 - 21¢ del Peas: Green: $8.50 - 9.00; $7.00 - 9.25 del Sk; Fall: $8.00; $7.50 - 8.25 del Sk  Yellow: $6.50 - 7.00; $6.44 - 7.35 del Sk; Fall: $6.75 - 7.00; $6.70 - 7.25 del Sk  Feed: $6.60 - 7.48 del Mustard  Yellow: 32¢; 33 - 35¢ del Sk; Fall: 34¢; 36 - 37¢ del Sk  Brown: 42¢; 35 - 37¢ del Sk; Fall: 32¢; 33 - 34¢ del Sk  Oriental: 27 - 28¢; 28 - 29¢ del Sk; Fall: 28¢; 29 - 32¢ del Sk Delivered Montana Elevator - $US/bu [ $Cnd/bu in brackets ] DNS [14%]: $6.09 - 6.75 [$7.93 - 8.79] Durum: $5.50 - 5.75 [$7.16 - 7.49] HRW [13%]:  $5.69 - 6.49 [$7.41 - 8.45] Barley - Feed:  $2.88 - 3.36 [$3.75 - 4.37] Malt: $3.84 - 4.03 [$5.00 - 5.25] Delivered Colorado Plant/Elevator - US¢/lb [ $Cdn/lb in brackets ] Pinto: 20 - 21.0¢ [26.0 - 27.3¢]; Kidney Light Red: 35.0¢ [45.6¢] Great Northern: 21.0¢ [27.3¢]
From the Floor Opinion derived from traders    Put yourself in the shoes of a banker who has to put large volumes of money to work.    You can lend it out in $50,000 loans to new car buyers and collect the revenue in monthly payments over 5 years with all the admin attached. Your collateral is a depreciating car that someone is driving. To place $10 million you need 200 customers that you have to keep in contact with monthly.    Or with the same $10,000,000 you can supply operating loans of $1 million to 10 farmers. Farmers are prime candidates for bankers to finance. Almost all farmers own farmland - probably the most secure asset in the world. Plus operating loans are often paid off within a relatively short period and in large payments. You're doing business with a handful of experienced businessmen. Street Smart - Michael Temer    The Brazilian government will subsidize a 10% cut in the price of diesel fuel for 60 days.    Michael Temer, President of Brazil, attempting to end the 8-day strike by thousands of truckers.
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Canola Production Uncertain - Jerry Klassen    July canola futures made fresh contract highs - trading up to major resistance of $540. The market is incorporating a production risk premium. The canola market will function to ration demand through higher prices. Domestic usage is inelastic and will stay around 9.2 mmt regardless of price; however, this means that the market has to curb exports.    Over the past week, there have been timely rains across most of Western Canada but a large area received less than 40% of normal rain over the past 30 days.    Longer term forecasts call for above normal temperatures over the next 30 days.    Calming trade tensions between Washington and Beijing have supported the overall oilseed complex. China has been buying Brazilian soybeans over the past month but last week, China once again stepped forward for a few cargoes of new crop U.S. soybeans.    It’s still very early in the growing season and there is still a long time before the canola and soybean crops are in the bin. Expect significant volatility in the soybean and canola markets over the next couple months. World Weather Drives Wheat Market Higher    All three wheat futures markets continue to percolate higher due to the adverse growing conditions in four major regions of the World. The U.S. hard red winter wheat crop is one month behind normal development. Temperatures in Kansas have been above 30 degrees Celsius over the past week with minimal rain. The seven day forecast calls for similar conditions while the crop moves through heading and filling. The crop will experience a sharp year-over-year decline in production. The second major problem area is in Southern Russia where 25% of the wheat is grown. They got less than 40% of normal rain over the past 30 days and the forecast calls for above normal temperatures with limited rainfall. Spring wheat seeding of Siberia and Kazakstan is lagging sharply behind normal due to adverse dry conditions.    Russia has been the main player on the export market setting the price. Over the past week, there are no offers for Russian wheat because of the production uncertainty.    Spring wheat conditions in Western Canada and North Dakota are becoming a concern. Above normal temperatures have plagued U.S. and Canadian spring wheat areas.    Australian farmers are seeding into very dry conditions. The seeding window is quite long but the forecasts call for below normal precipitation. To give you an idea how tight stocks are in Australia, there is talk in the trade that 100,000 mt of UK feed wheat traded into Australia this past week.    The stronger feed complex is underpinning the wheat market. The second crop corn region in Brazil has experienced dryer conditions over the past couple weeks and this has lowered production estimates. This is the main corn crop for Brazil and the these adverse conditions are coming on the heels of the lower Argentinean corn crop.    U.S. corn fundamentals will be very tight for 2018/19. If the U.S. doesn’t get trend yields, the U.S. corn carryout will drop to historical lows. We continue to forecast further upside in the corn market for this reason.
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CP Set to Strike    CP train operators have voted to go on strike tonight (Tuesday). If you're on a CP line expect delivery opportunities to dry up. Also expect the grain export pace to slow.
Finish Flax Sales - John Duvenaud    The 2018 flax crop has been planted and generally has germinated. Acreage is uncertain. Anecdotal evidence suggests that Saskatchewan plantings were a bit higher than last year. AgCanada feels plantings will be down marginally. USDA suggests American plantings will be down 15% from 2017.    Prices are slowly working their way higher. The Canadagrain.com database shows Saskatchewan elevator bids climbing or flat since last fall's harvest lows. North Dakota elevator bids have been climbing since January, 2017.    North Dakota flax has the advantage of being closer to petfood manufacturers and that is reflected in their price. That industry has become an important end user. Western Canadian flax prices are world prices minus the cost of transportation. The United States is less dependant on exports and it's easier for prices to percolate higher.  Export demand for flax is broadly flat. Canadian 17/18 exports dropped by 50,000 tonnes from the year before as China is moving their buying to Kazakhstan and Russia. China is still a buyer but not on the scale of even a few years ago.    This is often a time of year when surprise export orders pop up due to cropping problems with other suppliers. There doesn't seem to be any special problems showing up these days. Export sales are to regular buyers.    The once sizable premiums being paid for yellow, or golden, flax have come down to earth. There's still a premium but it's in the order of 50 cents/bu.    The Canadian flax carryout this July will be 170,000 tonnes. That's down from a year ago but still adequate. One bright spot is the smaller Canadian stocks this year. StatsCan reported last week that total Canadian flax stocks as of March 31 were 327,000 tonnes, down substantially from 417,000 tonnes a year earlier.    Prices have been easing lower in the past week as more farmers wrap up seeding and start cleaning up old crop. Last week $13/bu fob was generally available in Saskatchewan but today $13 delivered is more likely to be the best you can find. You may have trouble finding $12.50 fob. On the top end you can pick up $13.25 delivered Manitoba for human edible.    The big unknown in flax markets is the development of the Saskatchewan crop. If it rains a couple of times the crop will be off to the races and farmers will be wanting to move out the rest of the old crop. There isn't a lot of spare storage in either elevators or at processors and the market could back off. On the other hand...    Don't base your marketing on the possibility of a drought.    Sell the 5th 20% increment of your 2017 flax completing sales.    Flax prices have been in a general downtrend for four years while canola has been trending higher. It's possible that plantings this spring may not even achieve the reduced 1 million acres projected by AgCanada. And even if those acres got planted the carryout next year is likely to be substantially smaller. New crop bids top at $13 in Manitoba and $11.75 or $12 delivered in Saskatchewan. There's no compelling reason to be making new crop flax sales.
2000? It was the new lucrative crop. That was before disease became an issue.    Mustard exports are maintaining their levels and the smaller 2017 crop is cutting into carryover levels.    Canary shows minimal carryovers but the market suggests there's still quite a bit out there.  Seeding Progressing Well    Western Canada is 90% seeded with the Red River Valley wrapped up. Most seeds have germinated but not all of them. Dryness is a big concern. American corn planting is at 92%, soybeans at 77% and spring wheat at 91%, all above normal with soybeans substantially ahead. The first corn condition report has corn at 65% good/excellent which is a pretty good crop. China/US Trade War Reheats    Last week Chinese and American trade negotiators announced jointly that their trade war was over. This morning the New York Times reported that the White House was again moving forward with tariffs on Chinese imports. Futures Weak After Long Weekend    Today (Tuesday) was the first day of trading after the Memorial Day long weekend in the US. Most stocks and commodities were lower, including grain. Political issues are at play in Europe with both Italy and Spain raising concerns. That is weakening the Euro and the flight to safety pushed the UD dollar sharply higher. That's bearish all commodities.    Wheats had a great couple of weeks with Minneapolis up 25 cents and Kansas up 46 cents. Russia,  USA, Ukraine, Australia and now Canada have developed weather issues in wheat areas. All wheats took it on the chin today but closed well above their lows.    Soybeans are mildly higher on a truckers' strike in Brazil. Canola is up a hair on a weaker Canadian dollar.
Canadian Special Crop Supply/Demand      Agriculture Canada: May 24, 2018 Prod’n Supply Export Domestic Carry Peas Use Out 2015 3,201 3,900 2,647 1,079 174 2016 4,836 5,042 3,944 798 301 2017f 4,112 4,421 2,500 1021 900 2018f 3,850 4,765 2,600 1,165 1,000 Lentils 2015 2,541 2,921 2,147 702 73 2016 3,194 3,365 2,455 595 315 2017f 2,559 2,919 1,400 619 900 2018 2,500 3,450 1,800 600 1,050 Chickpeas 2015 90 234 152 62 20 2016 82 129 108 16 5 2017f  92 152 140 7 5 2018f 255 268 140 63 65 Mustard 2015 123 160 113 42 5 2016 236 251 124 47 80 2017 122 212 125 47 40 2018 170 212 125 47 40 Canary 2015 149 174 146 8 20 2016 140 175 153 2 20 2017f 137 157 150 2 5 2018f 120 125 120 0 5 Note: Units in 1,000 mt    AgCanada's May Supply/demand incorporates StatsCan's May Stocks report and March seeding intentions.    Pea domestic use was increased from last month by 200,000 tonnes and the carryout reduced. There are still a lot of peas in Canada but they are being used domestically in the feed market. Peas are an ideal replacement both for soybean meal and cereal grain in feed rations. Plantings are indicated to be mildly smaller this spring.    Lentil exports are taking a hit, down a million tonnes. The carryover is hefty. Seedings this spring will be down 8%, according to StatsCan. American lentil seedings are forecast to drop 28% this spring.    Chickpea exports are increasing dramatically. Production in 2018 will more than double - the largest crop in 17 years. Remember chickpeas in the year
3 0.05 0.07 520. 18.40 0.06 525. 14.10 510. 6.00 0.33 0.05 0.83 3.90 0.43 0.14 6.10 0.24 0.13 0.71 4.00 0.38 0.19 6.20 5.30 0.21 0.61 4.10 0.34 0.25 0.15 4.30 0.26 0.37 6.30 0.20 4.20 0.30 0.31 6.40 5.40 6.50 5.45 0.15 0.39 4.40 0.23 0.44 6.60 0.06 - 0.33 4.50 0.20 0.51 5.50 0.13 0.27 Puts Canola Options Corn Options Jul 537.80 Dec 4.19 Soybean Options Jul 10.31 Calls Puts Calls Calls 10.20 2.40 0.11 1.30 515. 10.10 22.50 10.40 19.70 0.22 535. 7.00 4.20 0.16 540. 4.80 6.80 10.30 10.40 0.38 545. 2.80 10.00 0.30 550. 1.70 13.90 20.80 11.10 530. Calls Puts 25.60 8.50 24.00 12.60 17.20 15.10 14.90 17.80 10.20 540. Canola Options Nov 527.10 10.00 520. 525. 530. 535. 12.90 0.17 0.13 10.50 10.60 0.10 0.08 Calls 0.35 0.28 0.22 9.80 0.21 10.00 0.29 Puts Soybean Options Nov 10.43 Puts 10.20 0.39 10.40 0.50 0.53 10.60 0.63 10.80 0.76 0.45 11.00 0.90 CBOT Wht Options Jul 5.37 Calls Puts 5.20 0.27 0.10 5.25 5.35 0.19 0.17 0.23 0.17 MGEX Wht Options Jul 6.28 Calls Puts 0.26 0.08 0.20 0.12 0.17 0.11 0.23 0.08 - 0.15 Back to Top