2017/18 (old crop feed barley sales)
Moving from 90% to 100% sold, selling the final 10% for June / July 2018 movement.
2017/18 (old crop malt barley sales)
Moving from 40% to 60% sold, selling for June / July 2018 movement.
2018/19 (new crop feed barley sales)
Moving from 20% sold to 40% sold, looking for movement in September/October/November 2018 movement.
2018/19 (new crop malt barley sales)
Staying at 0% sold.
Click here to post your old or new crop barley on the FarmLead Marketplace. Please note that for new crop feed barley posts, make sure the crop year shows 2018.
From a pricing standpoint, see specific datapoints below.
Obviously, we also recommend you shopping the local options but there ARE A TON of feed barley bids on the FarmLead Marketplace. Click the link and start a few negotiations (this is in addition to posting your own offer).
We last made a feed barley sale about 3 months ago on March 9th, moving from 80% to 90% on old crop and selling by selling the first 20% of 2018/19 new crop.
Today, we’re recommending moving the final 10% of old crop to get to 100% sold, in addition to moving 20% of old crop malt barley. In a lot of places, feed barley prices are stronger than malt barley prices. This in mind, if the bids around you are better to sell into the feed barley market, you should be doing this on the 20% of malt barley.
Yes, it feels wrong but the feed barley market is liquid, it gets us some cash in our pocket over the summer, and it guarantees us some bin space for harvest in a few months.
The main catalysts for the sale recommendation are as follows:
1. The feed barley market tends to top out around now and given the sideways movement we’ve been seeing the past few weeks, the upside potential remains questionable form here on out.
2. Export volumes are starting to slow down, which is usual, but this also puts pressure on prices.
3. Some healthy rains are in the forecast the next few days, which will put further pressure on livestock farmers being concerned about feed supplies. This time of year, we’ll see more cattle put out into pasture, and these rains will help make sure there’s pasture there. Thus, less demand for feed grains means lower prices.
While you can use the pricing chart above as an indicator, here are some recent trades on the FarmLead Marketplace in the past week for old crop feed barley (all prices in Canadian Dollars):
• $5.55 / bu FOB farm southern Alberta (feedlot alley area)
• $5.05 / bu FOB farm central Alberta
• $5.00 / bu FOB farm SW Saskatchewan
• $4.80 / bu FOB NW Saskatchewan;
• $4.75 / bu FOB farm central Saskatchewan;
Here are some recent trades on the FarmLead Marketplace in the past week for new crop feed barley (all prices in Canadian Dollars)::
• $4.80 / bu FOB farm southern Alberta
• $4.65 / bu FOB farm central Alberta
• $4.25 / bu FOB farm east central Alberta (basically at the Sask border)
• $4.05 / bu FOB farm NE Alberta
• $4.00 / bu FOB farm NE Saskatchewan
• $4.00 / bu FOB farm central Saskatchewan
You are obviously entitled to shop this on your own but I strongly recommend you post your barley on the FarmLead Marketplace.
We’ve got more flexibility than ever before as you can now post 3 different types of deals:
1. Firm Offer – If you know exactly the terms you want and want to sell immediately.
2. Negotiable Offer – If you have some flexibility and are willing to look at alternative freight (i.e. yes, you’ll truck it in) or movement periods.
3. No Price Offer – just showcase how much you want to sell (and the specs!) and get a buyer to counter with a price.
Happy to answer any questions via text, email, or phonecall – my information is below.
President / CEO
FarmLead – North America’s Grain Marketplace
COMMODITY TRADING INVOLVES RISK AND MAY NOT BE SUITABLE FOR ALL RECIPIENTS OF THIS POST. Neither the information presented, nor any opinions expressed, constitutes a solicitation for the purchase or sale of any commodities. The thoughts expressed in this email and basic data from which they are derived are believed to be reliable, but cannot be guaranteed due to uncertainty about future events and complexities surrounding commodity markets. Those acting on the information are responsible for their own actions.