New Crop Peas

[agmaster13]

What is everybody hearing for new crop yellow pea prices?

Today our target for 5.50 $/bus in Provost, AB was triggered so we started the sales program and sold an increment.

Any predictions on where new crop is going to go?

[nw9flynn]

I also have booked some at $5/bu and some more at $5.50/bu. I think that the price will stay stable until april. I'm expecting a large numbers to go into the ground at these levels. My next target is $5.75. If this hits I will be half sold. I will then ride the rest out through the growing season.

[TOM4CWB]

bsigg,

As soon as our CWB offers the same sales options, on the same sales terms... on the exact same quality of wheat:
At that point Mr. Arison will be able to fairly say the CWB is offering a premium... if it existed in that market.

At the end of the day... the CWB is competitive, and obtains a reasonable price for CWRS sold in Ontario. Nothing less, nothing more.

Just don't try to tell me the millers will pay $1/bu extra... for nothing extra. ADM doesn't pay the CWB any more than a competitive price... and every CWB Director and manager knows this to be true.

[agstar77]

T4 , the large mills do pay top dollar for consistent large volumes whether that means they would buy from us at a higher price or just prefer our grain to another supplier at a similar price is hard to determine. Consistency and reliability is worth something in the milling process whether you believe it or not.

[parsley]

Cash returns in the farmers' pocket are worth something in the farming process whether you believe it or not.

Parsley

[crusher]

Thank you for posting something worthwhile on the "Commodity Marketing" thread. Who is the buyer? If they're province wide then I can make a sale too!

[JohnKenneth]

"Shortly after being appointed to my position, I communicated with farmers that the CWB was ahead of target in marketing wheat and barley. I am pleased to say that is still the case."

Perhaps, but 'ahead of target' doesn't refer to price this year, he's talking about the pace of sales being ahead of target in terms of volume sold for this time of year. Why should we care about that with the PRO for milling wheat below what ethanol plants and pigs will pay for it? Basically he's just admitted they sold too much too soon and missed the market this year. thanks.

[craig]

Mr. Arason
Same old story. Only the CWB knows the real truth and you shouldn't waste your time with anything that might contradict this. Yet at the same time the Board continually implies things that are not the truth. For example the story implies that a Saskatchewan farmer gets $6.95 per bushel for his wheat and that is simply not true. Quote To make the comparison even more valid the price offered to the Ontario farmer would have to be backed off for freight,cleaning and elevation. The spot price offered is after cleaning and elevation and represents what the farmer receives in his pocket. Freight(trucking) distance is not likely going to be much difference between a Saskatchewan farmer hauling to his nearest high throughput elevator and an Ontario farmer hauling to his nearest mill. We are forecasting malt barley returns to be over $30.00 higher than the current marketing year due to tight supplies and steady demand. Reality The CWB malt barley returns in the current crop year are about $30. per tonne lower than they should be because the CWB sold the majority of the crop early in the crop year.The continued doctoring of reality by the CWB is a good reason to continue to question staements from the CWB.

[agmaster13]

The buyer is Agricore United. Check around in your area and see what the different delivery points are offering. I know where we are there is always a fairly large difference between the AU delivery points.

[lakenheath]

I am putting in a target bid at Sask Wheat Pool in Assiniboia, Sk. They figure might target of $5.50 will be triggered this week. I plan on starting with 10 bushels per acre and see what happens from there. Peas pencil in quite nice at $5.50.