• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Hursh Consulting and Communications

Hursh Consulting & Communications Inc.

Kevin Hursh on Agriculture: Hursh Comment

  • Hursh Comment
  • About
  • Biography
  • Hursh Farms
  • Photo Gallery
  • Contact

Grain markets lack direction

by Kevin Hursh on October 7, 2010

Are the best grain prices over or are they yet to come? Canola futures prices dropped last week and on top of that most grain companies widened their basis levels. A widening basis is a signal that more grain is being pushed into the system than what buyers can handle. Lots of producers want to market some grain for cash flow and to free up some bin space, especially space in aeration bins. The lentil market has been red hot, but it too seems to be taking a break. Although there are always some spot movement needs, many buyers seem to have ample lentil stocks right now. As well, the market is trying to assess quantities and qualities following all the bad weather. There are years when the best grain prices are available right off the combine. There are other years when those who market early regret it. Sometimes the entire grain complex moves up or down with most crops following the overall trend. Other times, we see different commodities move in opposite directions. This fall, the star performers are the aforementioned canola and lentils which have been at very profitable levels. Two of the big disappointments are field peas and mustard. Market analysts are giving mixed signals on where prices are likely to go in the weeks and months ahead. I’m Kevin Hursh.

Sidebar

Latest Tweets

Follow @KevinHursh1
Andy Moore Kevin Hursh Retweeted · Andy Moore
@deep_seeder
Keep your heads down. #AgTwitter #harvest22 https://t.co/55NVqIE9f3
View on Twitter
KevinHursh1 photo
229
0
Karen Briere Kevin Hursh Retweeted · Karen Briere
@kjbriere
Reminder: early bird registration for this year's @CdnFarmWriters national conference in Regina ends Friday! Go to https://t.co/DXRHKYtJCB to register and join us on farm tours and more. #westcdnag #cdnag #saskag
View on Twitter
4
0
David Nobbs Kevin Hursh Retweeted · David Nobbs
@DavidNobbs1
New crop Small green lentils #1 off combine 40 cents per pound del Avonlea, Kindersley or Fillmore.
View on Twitter
2
0

Follow:

  • Twitter

Copyright © 2022 · Hursh Consulting & Communications Inc.