Targets out tonight. With a major sentiment shift the result of last week’s USDA Stock print on Corn, the highs are most likely in without weather going south. We believe there are some anomalies in that Stock number that will correct somewhat over the next few reports but we don’t expect money to flow back to the Grains with any zeal until we see how poorly seeding might go.
Therefore expect to see some sales recommendations made in Durum, HRS and possibly others tonight. Mostly Old Crop but one New Crop recommendation is likely.
FOB Assiniboia, SK (Except for Lentil/Chickpea FOB Farm)
#1Canola: Apr $14.15(+4) Sep $12.11(24)
#2Y.Pea: Apr $8.55 Aug $7.63
#1Flax: Apr $15.80 Oct $13.87
#2GrLentil: Apr 21.0c Sep 20.5c
K.Chickpea: Apr 30.5c Oct NB
#EthWheat: Apr $6.76 Aug $5.54
#2AD13.0: Apr $7.45 Sep $7.20
#2HRS13.5: Apr $7.39 Sep $6.78
Select Malt: Apr $6.21 Sep $5.12
Fd. Barley: Sep $4.96
– Better pricing may exist in deferred delivery months. See “Deferred Real Values” post coming from time to time. Marketing Plan Updates/Targets (tonight/tomorrow) will often utilize Real Value prices, reflecting Cost of Carry.
*special “limited tonne” price