Below are today’s current Local Best Bids.  Click 2015 Crop for previous Best Bids

Best Bids – Oct/Nov. 2015

To fine-tune how we get info to you this winter and some other key items, please vote on as many of these polls as you have an opinion on. The results will help us to proceed in the future.

Poll #1 – General Information Poll

Poll #2 – Sales Recommendations Poll

Poll #3 – Texted Info Poll

Poll #4 – Core Report Poll

Poll #5 – Subscribed Services Poll

Poll #6 – J-MAS Events Poll

Below are today’s current Local Best Bids.  Click 2015 Crop for previous Best Bids

Best Bids – Oct. 2015

With harvest resuming and frost not seeming to have affected the late crop enough to have impacted prices, we are moving along a number of sales before a potentially very poor pricing and delivery system sets itself up through October and into November.

Looks as if Green Lentils have peaked and we are finishing up sales at what is the highest price a #2 has ever traded and and upside therefore much more limited than downside.

We are also moving along Canola, Durum sales but not finishing either quite yet as we feel there are a couple of Bullish tailwinds that could set up in the winter but note that they thesis for each is thin and anyone wishing to wrap sales on Durum are welcome to.

Sales Recommended this week: Green Lentils finished up. Canola Yield Bump Plus sale and Durum moved along.

Canola – Take $10.03 (465F-22B) Sep Delivery on a 2 Bushel Yield Bump plus 8% to be 60% sold on a 45bu crop. *$10.03 minus 0c
Deferred Delivery costs equates to $10.03 spot value and is a roughly 60% profit on 45 bushels. Current Sep bid is $10.03 (a roughly 60% ROI).
**$8.62 Jan Bean close at 75.4c exchange would value at 475 Jan futures ($10.36@18B) with a $50/mt Canola premium.**

Durum – Take $8.77 #2(13.0) Sep Delivery on 10% to be 80% sold on a 45bu crop. *$8.77 is a roughly 46% profit on a 45 bushel crop.
Current Sep bid is $8.77 (a roughly 46% ROI).

LG Lentil – Take 42c #2 on 15% to be 100% sold on a 26bu crop. *42.0c is about 139% profit on a 26 bushel crop.
Current Sep bid is 42.0c (a roughly 139% ROI).
*Discount MG – 1.5c
*Discount SG – 4.0c

Red Lentil – Target 38.5c Sep Delivery on 10% to be 90% sold. Current Sep bid is 35.0c.

K.Chickpea – Target 34.0c (8.75mm Oct Delivery) on 25% to be 40% sold. Current Oct bid is 30.3c.

Y.Pea – Target $9.25 #2 Jan Delivery on 25% to be 100% sold. Current Sep bid is $8.77.

Flax – Target $13.85 Jan Delivery on 15% to be 75% sold.
Current Oct bid is $13.00.

Eth.Wheat – Target $5.35 Oct Delivery on 10% to be 50% sold. Current Sep bid is $4.95*.
*call me to discuss. We have a buyer interested at higher levels on 300+ falling number.

HRS – Target $6.35 #2HRS Sep Delivery on 15% to be 85% sold. Current Sep bid is $5.95.

Call or Text on: Bean, Barley, Mustard, or Green Pea.

Below are today’s current Local Best Bids.  Click 2015 Crop for previous Best Bids

Best Bids – Oct. 2015

**There is weakness in Green Lentils today. Check in with your preferred buyers to see where they are sitting.**

A US Fed set to influence our Dollar and appetite for risk later today, coupled with the bearish grain production numbers surfacing, there is incentive to catch-up Canola, Durum and Pulse sales before volatility ensues.

We did not makes sales across the Pulse board yesterday on an interest rate scare. There has been beneficial rains in India and with good coverage buying to date, we see upside subdued. We believe prices will remain strong. But strong prices can still mean 33c Greens instead of 43c, 30c Reds instead of 35c and $8.25 Peas instead of $9.04. Chickpea are the only pulse where we believe significant upside “could exist”.

I will be sending out a survey today to get some feedback on how you would like to receive Winter texts with respect to how much and what format you get that info.