Navigating the Prairie Grain Markets Together
The Canadian prairies have seen significant shifts in the grain markets. Drought recovery was better than expected throughout the prairies. While there are small pockets of dry areas, overall, conditions for crop success have improved for the 2024 crop. There is an assumption by many buyers that a great deal of grain was held back from the 2023 crop and combined with average to above average yield expectations at harvest, they are pulling back on their pricing in many markets.
There is no indication that there will be major upticks on pricing for 2023 crops. Sellers that continue to hold on to their product are now facing some tough questions.
Is long-term storage of a crop until we get the price we want a solution? For some, it may be. For others, the cost and maintenance of the grain over a long period of time is problematic. Will our old crop ever be able to compete with the price of that current year crop?
At what point do we honestly start losing money? How much are we willing to risk? The markets have taken significant downturns in a matter of days, and the volatility has left many of us frustrated and unsure of the next steps.
Looking to the experts for answers is a good place to start. There are trustworthy market reports to assist in guiding us. Yes, things can always change, but probability is still probability. We are happy to assist in navigating the market and finding you the best solution.
Because Farming is Forever,
Carmen
Answers to Common Questions About Our Grain Trading Services
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