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Cash Brokerage Weekly Report 2-2-24

StonexHero
Cash Brokerage Weekly Report
 
Meaghan Bell
Senior Cash Broker & Risk Management Associate
 
Cash Brokerage
  • Trading nearly all products grown across the Canadian Prairies
  • 60 Buyers Across Canada and the US
  • Flexible, easy to read contracts
  • FOB Farm, Delivered in or Loaded Rail all available
  • Providing market intelligence and price discovery
 
 

Market Summary

  • Specialty crops are all looking up! Demand has resurfaced, and bids are all firming up! Be sure to continue using firm offers, and match up that time frame with what you will be needing ahead of spring. There is still a lot of grain left on farm and we could be heading into a bin flush which will in turn damper these bids - Stay ahead of this!
  • That rodent groundhog didn't see his shadow.. old wives tale of not, we could be heading into spring a lot sooner than expected. If your on secondary roads please keep in mind as your booking.
  • With the warming of temps, don't forget to check your bins out. I know, I'm repeating myself, but day to day I keep hearing of heated canola bins! We do however have markets for unstable cooked canola but if we can help not let it get there i will do my part! 
  • Thus far there has been no new out of India regarding an extension of the lifted tariff's. We will keep you posted as we hear any more new! 

 

In Demand

  • Looking for all types of Feed and Milling Quality Cereals, as well as Pulses and Oilseeds 
  • Red Lentils $.35/Lb FOB Mar - April
  • LGL $.73/Lb FOB Mar-April
  • Canary Seed $.40/Lb FOB Mar- April
  • Feed Barley $4.50-5.15/Bu FOB Mar-April
  • Yellow Peas $12.00-13.00/Bu FOB Mar-May
  • Green Peas $16.50/Bu Mar-April
  • Brown Flax  $16.50/Bu FOB March-May
  • Yellow Mustard $ .62/Lb FOB Mar-April
  • Milling oats $4.00/Bu FOB Mar-June (Location Sensitive)

Recent Price Changes

  • Brown flax back in action $16.50/Bu FOB Mar-May, 2024 (Location sensitive)

  • NC Yellow peas 9.75/bu FOB Farm Aug-Sept, 2024

  • Old crop Yellow peas up to $13.00/Bu FOB Farm (Location sensitive) Mar-May, 2024

  • NC Rye $8.00/Bu FOB Farm Sept-Oct, 2024

Weekly Trades

  • Traded 126MT NC Oats for $4.05/Bu FOB Winnipegosis, MB Sept, 2024
  • Traded 840MT NC LGL for $.545/Lbs FOB Moose Jaw, SK Aug-Sept, 2024 with AOG 
  • Traded 126MT Yellow peas for $12.50/bu FOB Moose Jaw SK Feb-Mar, 2024

 

image 89184
 
Related tags: Grains & Oilseeds

The StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided. References to over-the-counter (“OTC”) products or swaps are made on behalf of StoneX Markets LLC (“SXM”), a member of the National Futures Association (“NFA”) and provisionally registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM. StoneX Financial Inc. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI is registered with the U.S. Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Adviser. References to securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to exchange-traded futures and options are made on behalf of the FCM Division of SFI . StoneX is a trading name of StoneX Financial Ltd (“SFL”). SFL is registered in England and Wales, Company No. 5616586. SFL is authorized and regulated by the Financial Conduct Authority [FRN 446717] to provide to professional and eligible customers including: arrangement, execution and, where required, clearing derivative transactions in exchange traded futures and options. SFL is also authorised to engage in the arrangement and execution of transactions in certain OTC products, certain securities trading, precious metals trading and payment services to eligible customers. SFL is authorised & regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 for the provision of payment services. SFL is a category 1 ring-dealing member of the London Metal Exchange. In addition SFL also engages in other physically delivered commodities business and other general business activities which are unregulated and not required to be authorised by the Financial Conduct Authority. StoneX Group Inc. acts as agent for SFL in New York with respect to its payments services business. StoneX APAC Pte. Ltd. acts as agent for SFL in Singapore with respect to its payments services business. ‘StoneX’ is the trade name used by StoneX Group Inc. and all its associated entities and subsidiaries.

 

Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. Past performance of any futures or option is not indicative of future success. Indicators are not a trading system and are not published as a specific trade recommendation. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc.

 

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