2024/25 Grain Marketing Recommendations

2024/25 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 – Green Have Triggered

Recommendations

  • INITIAL Recommendations for the 2024/2025 crop year below. Work very closely with your advisor on initial rec to ensure the proper fit for your operation
    • Target sale of 10% Canola at $16.00+. Partner this sale with a hedge of spring 2024 nitrogen requirements in the $0.55 per pound range. 
  • November 16th, 2023 – Target up to 20% sold Canola at $0 Basis. Basis avaliable at some crush facilities. Adjust for freight to your local region. Target $16.50 cash sale for end goal on this recommendation. Work closely with your local advisor on this.
  • February 16th, 2024 –
    • Target up to 50% sold Oats at $4.50 or better. Will be greater pricing opportunities for specialty or IP programs. Work with your advisor on best available solution for yourself
    • Malt Barley – Target up to 30% sold using AOG contract $6.50 or better.
    • LG Green Lentils – Target a sale of $0.605 30% sold using AOG contract
    • Red Lentils – Target a sale of $0.34 25% sold AOG contract
    • Yellow Peas – Target a sale of $10.00 25% sold
    • Green Peas – Target a sale of $14.50 25% sold
    • Canola – Target a sale of $14.50 for 10% (Can use this to close out 10% basis rec)
  • April 25th, 2024 –
    • HRSW – Target a sale of $8.50 or better 25% sold
  • May 9th
    • Canola – Target sale up to 25% sold new crop $680 futures. Works Back to $14.75 or greater bid dependent upon geography and sale destination
  • May 30th
    • HRSW – Target a sale up to 30% sold $9.00 late fall / early winter export bid central prairies. Adjust for regional basis opportunities.
  • August 1st
    • Flax – Up to 20% sold – $17.00+
  • August 23rd
    • Feed Barley – up to 50% sold at $4.50+ Central Prairies. Increase Bids closer to end users and into South / Central Alberta.
    • Yellow Peas – up to 50% sold at $10.00+ Central Prairies. Work with your local advisor for best post harvest strategy
  • September 20th
    • Yellow Peas – up to 65% sold at $10.00+ Central Prairies. Adjust for freight as bids range upwards of $0.50 per bushel dependent upon geography.
    • Feed Barley – up to 65% sold at $4.60+ FOB bid Central Prairies. Increase bid into ALTA. $5.85 delivered southern Alberta.
    • Malt Barley – up to 75% sold at $6.50+ Delivered Maltster.
    • Canary Seed – up to 75% sold $0.34 per pound Central Prairies.
    • Red Lentils – up to 50% sold $0.34 per pound. Central Prairies
  • October 2024
    • Canola – up to 40% sold $14.00+ Local Bid – Adjust for Freight. Work with advisor to tailor
    • HRSW – up to 40% sold $8.00+ Central Prairies. Adjust for Freight
    • Soybeans – up to 40% sold $12.00+ Central Manitoba
    • Corn – up to 40% sold $5.50 + FOB Central Manitoba. Increase bids Western Manitoba and into Saskatchewan
    • Feed Barley – up to 75% sold $5.00+ Central Prairies. Increase bids into Southern Alberta
    • Oats – up to 65% sold $5.00+ Central Prairies. Target Jan Feb March timeframe.
    • Flax – up to 50% sold $19.00+ Central Prairies
    • Large Green Lentils – up to 50% sold $0.65 Southern Prairies
    • Durum – Target up to 50% sold $10.00 Southern Prairies – Adjust for Freight
    • Small Green Lentils – Target up to 50% sold $0.57+
    • Yellow Peas- Target up to 90% sold 10.50+ Central Prairies
  • December 2024
    • HRSW – Target up to 70% sold $8.00 Central Prairies
    • Durum – Target up to 70% sold $8.75 South East Sask – Adjust for Freight
    • Oats – Target up to 70% sold $5.00 Central Prairies
    • Soybean – Target up to 60% Sold – $12.00 Southern Manitoba
    • Corn – Target up to 60% Sold – $6.00 Southern Manitoba

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.


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