No Targets & Sales Recommendations tonight as we are content with our Benchmark sales positions against the current turmoil and believe them near perfectly priced as markets come out of Harvest Pressure. With so many Bulls banking on a rally, the market must make such a move or the downside actually becomes the more likely if it can’t rally on this Bullish mindset. We will outline some sales plans at Friday’s marketing meeting but for the most part, the plan is to stay the course and see which way the markets break.
FOB Assiniboia, SK (Except for Lentil/Chickpea FOB Farm, and Ethanol Wheat FOB Moose Jaw)
#1Canola: Nov $13.66(15) Jan $13.70(13)
#2Y.Pea: Nov $8.26 Jan $8.37
#1Flax: Nov $14.20 Jan $13.72
#2GrLentil: Nov 19.5c
K.Chickpea: Nov 34.5c
#EthWheat: Nov $7.24 Jan $7.37
#2AD13.0: Oct $8.25 Jan $8.23
#2HRS13.5: Oct $7.95 Jan $8.10
– Better pricing may exist in deferred delivery months. See “Deferred Real Values” post coming in a few hours. Marketing Plan Updates/Targets (also tonight) will always utilize Real Value prices, reflecting Cost of Carry.
*special “limited tonne” price