2023/24 Crop Marketing Year Recommendations
Attached below are Exceed Grain Marketing’s current recommendations. Producers need to work closely with their advisors for what works best for their individual operation. Producers may be in different “market positions” depending on the requirement for cash flow, production costs, logistics, crops size, risk appetite or a multitude of other reasonings.
The recommendations represent our groups opinion only of where a producer should be positioned in their marketing plan throughout the year. Recommendations are based F.O.B. Central Canadian Prairies. Work with your local advisor to determine the best market position for your farm.
Yellow Targets are New Recommendations or Have Not Triggered Yet
Recommendations
- INITIAL Recommendations for the 2023/2024 crop year below.
- 25% Sold HRSW at $11.00 adjusted for Freight. $10.75 Eastern Prairies. $11.25 Western Praires
- 25% Sold Canola at $18.75 or better
- 20% Sold Soybeans at $17.50 or better
- 20% Sold Feed Barley at $7.00 or better FOB Western Saskatchewan. Adjust For Freight
- 25% Target Oats at $5.00 or better Fall 2023
- 20% Target Durum at $12.00 or better
- FEBRUARY 1st – 2023
- CHICKPEAS UP TO 25% Initial Sale @ $0.46 or Better
- February 23rd –
- Malt Barley: Get up to 60% sold Using Act of God $8.00 or better FOB FARM Central Sask. Adjust for Freight
- Feed Barley: Get up to 35% sold at $6.90 or better. Know your risk tolerance heading into spring and adjust rec accordingly
- March 9th –
- Red Lentils – Sell Up to 20% at $0.34 or Better
- Green Lentils – Sell Up to 20% at $0.47 or Better
- Yellow Peas – Sell Up to 20% at $11.25 or Better
- June 19th-
- HRSW – Up to 35% sold HRSW at $10.00 or better
- September 1st –
- Durum #2 CWAD – Sell up to 55% at $15.00
- December 11th –
- Canola: Target up to 35% Sold $16.75
- Canola: Sell up to 75% Sold on Basis at Crusher April/May timeframe or best favorable basis level within timeframe
- Yellow Peas: Sell up to 75% sold at $14.25
- Green Peas: Sell up to 80% sold $18.50
- Green Lentils: Sell up to 75% sold at $0.72
- Red Lentils: Target up to 75% sold at $0.40
- Oats: Target up to 75% sold at $6.00
- Chickpeas: Sell up to 80% sold at $0.55
- Malt Barley: Target up to 90% sold at $7.50
- Feed Barley: Target up to 60% sold at $6.00
- Durum: Target up to 75% sold at $14.00
- Soybeans: Sell up to 75% sold at $16.50
- HRSW: Target up to 45% sold at $10.00
- February –
- Canola – Target sale up to 70% sold $640 futures
- Wheat – Target a sale up to 75% sold $8.75
Our market intelligence reports incorporate information obtained from various third-party sources, government publications, and other outlets. While we endeavor to maintain the highest standards of accuracy and integrity in our reports, we acknowledge that the information provided may contain inadvertent errors or omissions. As such, we accept no liability for any inaccuracies or missing information in the data presented. Furthermore, these reports are not intended to serve as standalone investment or financial advice. We strongly advise that any financial or investment decisions be made in consultation with a professional market advisor. Reliance on the content of our reports for making financial decisions without such professional advice is at the sole risk of the user.
