March 1st: GrainCents Barley Sales Position Update

This post serves as a timestamp on GrainCents crop sales positions. Also included is our rationale for the GrainCents crop sales position.


Good Afternoon!

2017/18 (old crop feed barley sales)

Increasing from 65% to 80% sold, selling 20% off the July 2018 contract. 

2017/18 (old crop malt barley sales)

Staying at 40% sold. 


2018/19 (new crop feed barley sales) 

Staying at 0% sold. 

2017/18 (old crop malt barley sales)

Staying at 0% sold. 


Click here to post your old feed barley on the FarmLead Marketplace.

Your posted FOB farm price should be equal to locally delivered prices and then negotiate lower from there.

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 barley sale (feed specifically) on January 15th, moving from 50% to 65% by selling a 15% block. 

In the two weeks that followed that sale, feed barley prices fell before starting to climb back with corn prices climbing. We also saw some cold / snow weather in the forecast that has helped rally things a little higher. Specifically, we’re now seeing $235 CAD / metric tonne delivered into Lethbridge, AB (from which everything else is backed off).

There have been some better prices that I count as more one-offs that we’ve seen close on the FarmLead Marketplace, but these prices are hard to ignore. 

Further, if you’re concerned about nearby movement because of road bans, we’re still seeing $230 CAD / metric tonne (~$5 CAD / bushel) for May/June 2018 consistently available too. Again, just see the bids in the link above. 

With freight spreads to Saskatchewan, we’re seeing prices at around 4.30 CAD/bushel.

Ultimately, we’re minimizing our unpriced barley exposed to the market and making some sales. Keep in mind, how many times we’ve seen these prics in the last 5 or 10 years.

One more thought: if you’re frustrated with malt barley prices and you’re worried about cashflow, you should consider selling 15% as feed barley.  

Brennan Turner
President / CEO
1-306-715-4540 (cell)
b.turner@farmlead.com
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.

About the Author
Sarah Bader

Sarah Bader is a science communicator, dedicated to cutting through jargon and getting to the heart of the matter. A lifelong nerd, communications allows Sarah to share her love of science and tech with a wider audience. Sarah has a BA in Communications and Sociology from the University of Ottawa.

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