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Strap in.
(Pricing rollercoaster continues)
A smart man once said: You gotta know when to hold 'em/know when to fold 'em.
For the record, I never know when to fold, which is probably why everyone likes playing poker with me. But, at least I have Farmbucks! You might ask: What makes us different? Here's a simple answer: everything. We have the most comprehensive database of bids and buyers across Western Canada. And it's not even close. Our information is laid out in a clear, concise way and it's ad-free!
We connect you straight to buyers to help you make more profitable decisions.
Repeat after me: Show me the money!
Market Recap:
This past Tuesday the USDA released a report which slashed corn and soybean production and increased exports which = lower ending stocks. This sent both futures soaring to new highs.
Canola: Canola jumped higher by the strength seen in the soybean/oil markets and its own forecasted tightening supply. This week we witnessed many $12.50/bu old-crop canola bids and some even reached $12.90/bu for May del. Hold on to your hats and let's see how this one plays out!
Wheat: Boring. I repeat: there's still lots of wheat in the world. Prices are just bouncing a few cents up/down. No big moves expected so watch for specials that pop up and fit your grade-protein level of wheat stored-on farm.
Barley: Barley staying strong as the hot corn market is helping support it. Still seeing some great prices for feed barley.
Peas: Yellow pea activity has not been as aggressive lately but prices seem to be holding their own with some bids still out there at $9.25/bu.
Around the farm: Winter is back and we got a nice four-inch blanket of snow. I ventured off the farm and went to Red Deer to speak on a farmer panel at the Thanks For Farming Tour and had a Farmbucks booth. Even though we had to do temperature checks, wear masks, physically distance and sanitize, it felt so good to get out and speak with industry and farmers. I never thought I'd say this, but I haven't had that much fun in a long time!
Although COVID is a concern, I felt that this tradeshow was no more of a risk than me going to Costco or sending my kids to school. With that said, I hope all of you are staying healthy and still finding joy day-to-day.
If you ever go to login to Farmbucks and forget your password, just remember, you're not alone. For proof, watch this hilarious video we can all relate to!
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