A rising tide is supposed to raise all the ships, but some grain prices have increased a lot more than others. Wheat, durum and barley price expectations took a major jump yesterday in the CWB’s newest Pool Return Outlook. Top quality spring wheat is up by nearly $1.50 a bushel. The price expectation for No. 1 CWRS with 13.5 per cent protein is now an average of nearly $6 a bushel net Saskatchewan. The PRO on top quality durum saw an increase of just over a dollar a bushel. No. 1 durum with 13 per cent protein now has a PRO of just over $5 a bushel. Malting barley is up by a dollar a bushel and now sits at $4.13 net Saskatchewan. Cereal prices still pale in comparison to canola, which has been around $10 a bushel and flax which is quoted at around $13. Price quotes approaching 30 cents a pound are now being seen for top quality large green lentils. Crops that you’d have to rate as disappointing include peas, mustard and canaryseed. Yellow pea prices remain under $5.50 a bushel, yellow mustard is only about 24 cents a pound and canaryseed is struggling to hit 20 cents. While some crop prices are in the upper range of historical bids, others are certainly not.
I’m Kevin Hursh.
DynAgra, an independent Western Canada-based Company, is dedicated to providing growers with the tools to manage the risk and maximize the profitability of their farm business through the continued innovation of agricultural products and services. We are committed to developing and providing growers with the latest in precision agronomics, variable rate technology, soil fertility, crop protection, fertilizers, custom application and financial solutions.