Episode Transcript
[00:00:00] Speaker A: Welcome to episode 46 of the what the Futures podcast. We have David Lee with marketplace commodities. We're going to talk about feed grains. We're going to talk about light bushel weight. Is it having an impact for prairie farmers? What are we doing with this light grain? Are there homes for it? Is it just business as usual? David Lee is going to tell us all about that and then we're going to dive into the crop marketing made cool conference. More details. You can apply for tickets now. Let's rock and roll.
Hey folks, welcome to the what the Futures podcast, where we break down complex market trends into simple, actionable advice. It's your quick guide to better farming decisions.
Hey there. Welcome to the what the Futures podcast. This is episode number 46 of course, recorded in the UPL studio. Hope you're having a great Friday and a great well back half of harvest, right? We're all in the back half now, aren't we? Um, of course. My name is Ryan Denis. I am the host of the what the Futures podcast. I've spent my career working with farmers across the prairie provinces. You know the story already. Farm kid, grain buyer, grain marketing coach, advisor, had my own little shop for a while, led a team of advisors in Canada and the US, did a few little things right and took the show on the road here with what the futures last year already, episode 46. We're going to try to make it to 50 before the 1 November and I am going to try to take a little bit of time off from the podcast as well. So got to get my work going here to get all that done. We're going to talk this week about the crop marketing made cool conference in Drumheller, Alberta. Of course, that's in the first week of December. I've got David Lee with marketplace commodities. He's going to join me. We're going to talk about light grains. Are light grains a problem across the prairies? That's the main theme of my convo with David. And then I've got just a couple of things on crop marketing as well that you may want to hear. Maybe, maybe not. We'll see. Hit that subscribe button, folks. I post weekly updates. You can also go to the website what the Futurespodcast dot ca. You can sign up and you'll get an email from me every once in a while. And actually, I haven't sent an email in a couple of days now, but one or two a week with some marketing tidbits, things going on. Anyways, that's where you can get that of course, subscribe to the YouTube channel, hit us up on wherever you get your podcast. Hit that subscribe button and help us out there just a little bit. All right, now a word from our show sponsor, John Deere. There's a whole new John Deere lineup that's out right now. New tractors, new combines, there's a new air car, two, all with built in intelligence that keeps getting smarter. Check them out at John Deere, Ca. All right, let's get into the show.
Alright, folks, I have David Lee with marketplace commodities joining me once again. David, how's your week going?
[00:03:15] Speaker B: Oh, it's been not too bad, Ryan. You know, I would say as far as weeks go, maybe a little on the slower side than we usually see for a harvest month here, so. And we'll probably talk about a few reasons why that might be.
[00:03:31] Speaker A: Sure.
[00:03:32] Speaker B: But. Yeah, yeah, pretty good. Pretty good over here in Lethbridge. So.
[00:03:36] Speaker A: So phones not ringing off the hook right now is what you're saying. It's a little quieter.
[00:03:40] Speaker B: That's right. Yeah. You know, in our area here, we've got guys that are really still leaving out in the fields still trying to get things wrapped up quite busy and so, yeah, it's been a little bit quieter week to start the week, so.
[00:03:57] Speaker A: Fair enough. Fair enough. Took a drive today and ended up taking some back roads between two communities. And, you know, it's just full on, it's a gorgeous day today. It's just full on harvest. I don't know how many combines I counted, but, you know, a couple dozen for sure in my backroads adventure. So, yeah, definitely still on. What have you learnt, you know, the harvest of 2024? What have you kind of learned here the last month or so about this year's crop?
[00:04:30] Speaker B: Well, in Lethbridge anyhow, I've learned that it probably would have been nice had we been able to swap the August with the, with the July, the weather.
That would have made a big difference. Yeah. So, and then getting this rain throughout September here, it's really delayed things. Guys are, I mean they've, they're still in our area, not quite finished even the, some of the barley has been lodged and very challenging to get off with, with, you know, having a, having a combine at a snail's pace. The rains have come at all kinds of times with, you know, things in the swath still and you know, even the canola is, is still trying to come off in this area and I've, and I've heard that throughout many areas as well. It seems to be the sentiment that we that we've seen down here. So, yeah, still. Still a challenge. I mean, it's mostly off down here in the south now, but, yeah, enough that. It's enough that, you know, today is 29 degrees here in Lethbridge. I'm not. Not sure what it is up there where you're at, but pretty close. Yeah, 29 guys are out and going hard right now, so.
[00:05:47] Speaker A: Yeah, yeah, yeah, for sure. It's been a start, stop, start stop type of harvest. Like, a guy sent me a picture. What is it? It must have been Monday. And this canola plant is, like, ripe or dead on a portion of it, and then super green in another part and then yellow flowers in it as well.
[00:06:12] Speaker B: Wow.
[00:06:12] Speaker A: And so ripped into the field, started, you know, pulled some plants, were like, wow, what a mess in here. Like, we got to do something. We're going to have to wait a little bit yet. So, yeah, it's. It's going to be one of those harvests that it just seems like it's going to drag on for a little bit yet, too. So we'll see.
[00:06:28] Speaker B: I don't think they genetically engineered it like that, Ryan.
[00:06:32] Speaker A: I. What I told the grower is that plant has nine lives. Like, it's got nine lives in there somewhere, and you can just see all the different, you know, different lives. So, anyways, I. Yeah, not too often.
[00:06:44] Speaker B: You get to see that.
[00:06:46] Speaker A: Yeah. Quite the site. So what about from a, like, a quality perspective out there? Like, I. I still see a lot of good quality wheat that's come off. I'm hearing weird things on canola, though, like, sprouted canola in certain parts of the. Of the prairies. And then, of course, there's a bunch of light grain that. That's been talked about. Are you right? Can you confirm any of that, or are you seeing something different?
[00:07:11] Speaker B: Well, I can't talk too much on the canola. We haven't had a huge canola program this year, so I actually haven't seen too many samples come in. The samples that I've seen come in, I tested, and. And they were surprisingly low oil content.
[00:07:28] Speaker A: But I've heard that, too.
[00:07:29] Speaker B: Yeah, pretty good, but. Well, boy, you hit the nail on the head, though. As far as barley goes, I would call it an unprecedented year for. For lighter barley in all kinds of areas that you generally don't see it even down here. I've had guys take off barley on irrigation, and it had come in 44 pounds per bushel. Most of it now. That was all quite early. Most of it now is coming in 44 to 46.
But I, you know, I had a guy bring some in here. Just. I bought it last week for this week just to try and really cover some stuff that was rained out, and it all came in at 53 pounds per bushel. So that was the first, really some of the first, like, quite heavy barley that I've seen.
And like you said on the wheat, not as affected. Not as affected. Most of the wheat has all come in and graded nicely. In fact, very nice quality wheat.
[00:08:37] Speaker A: Yeah.
[00:08:38] Speaker B: So I'm not sure what happened exactly with the barley, but, yeah, boy, it's. It's the 48. Generally speaking, from what I've seen so far, 48 on the top end of it, so.
[00:08:49] Speaker A: Okay. And, like, from a buyer's perspective, you know, would they kind of scoop up this low test or this low weight barley? Would they scoop this up and. And want this stuff off the hopper? Do they have to find some heavier stuff now to, to make this work better? Like, what's the buyer thinking?
[00:09:10] Speaker B: The buyer is not a fan. That's. That's how I would describe it. I got off the phone with one fellow that was quite animated about the barley that he had received, and the barley that he had received had been mixed with some heavier barley and some probably 42 pound barley. And he was telling me that they noticed it in their. In their cattle gains almost immediately.
[00:09:38] Speaker A: Really? Okay.
[00:09:39] Speaker B: That was fed. Their. Their gains just went in the toilet. So from a cattle perspective, it actually affects them more than I realized before having that conversation. So at this point, this particular fellow, really, at first, he was going to take Barley at a bit of a discount if it was lighter. But with this blended barley and the results that he was seeing, he really didn't want anymore.
[00:10:10] Speaker A: Okay. Yeah.
[00:10:11] Speaker B: Really kind of threw him into a panic. And in fact, even with a $20 a ton difference between the corn and barley price that we've seen at times here, he was quite anxious to get. To get out of his barley contracts and go back over to corn.
[00:10:27] Speaker A: Okay, interesting.
[00:10:29] Speaker B: Hey, so that's not everyone. That was just one guy. We do have many feedlots that are still going to use the barley that will, you know, I think the larger feedlots can, can work with that lighter barley. So we do. We do. You know, we've had a little bit of a lighter. Well, we had a lighter barley program that we put out. It surprised me how rapidly it got booked up. Like, it really got booked up till about January, in about the first three to four days of having it.
[00:10:59] Speaker A: So that was geared specifically towards lightweight barley.
[00:11:04] Speaker B: That's right.
[00:11:05] Speaker A: Yeah.
[00:11:05] Speaker B: Yeah. It was a bit of a.
Yeah. I don't. Won't go too much into the details of the program itself, but where we could bring some. Bring some light barley in and sure, we filled up quite rapidly on it. So.
[00:11:21] Speaker A: So there's a little bit of supply. Yeah, a little bit of supply out there for sure. Is this light barley? Is this something that's gonna. An issue that's going to linger on into next summer, do you think? Or can we find homes for this stuff throughout the winter and spring here?
[00:11:39] Speaker B: Well, that one, I don't know. The jury is probably still out on that a little bit.
[00:11:45] Speaker A: Yep.
[00:11:45] Speaker B: I've.
You know, in all the years I've been doing this, I've, you know, I've dealt with light barley every year just about. It seems like there's always some somewhere and it really hasn't been a problem.
And in Lethbridge, the discount schedules that we work with have always almost gone right down to even 38 pounds per bushel. And so you just ship this stuff here. It's no problem. It goes in.
The thing that I've noticed this year is guys have really put their discount schedules only down to about 46 pounds per bushel. And kind of the buyer's discretion after that, which really makes it tricky for an intermediate like us.
[00:12:27] Speaker A: Yep.
[00:12:27] Speaker B: So I think that by doing that, because if they were to put it at like, you know, a discount schedule like normal, they would just get filled right up with 42 to 43, and then they couldn't.
[00:12:36] Speaker A: That's all they get. Yeah.
[00:12:38] Speaker B: That's all that they'd get.
[00:12:39] Speaker A: Right. Yeah.
[00:12:40] Speaker B: So it's been a. It's. It's been a bit of a challenge. But I think what it does by keeping the discount schedule in that 46 plus is it does just kind of push it out. So.
[00:12:51] Speaker A: Yeah.
[00:12:52] Speaker B: Because then you can just move less of it. And it has to kind of be brought like, dribbled into the system, so to speak.
So I think it just pushes it out further. Like, you're, like, you've made me propose there. And I do. I kind of think that we'll see it. Whereas most guys like to get rid of it right away and, you know, move it, move it out quite early instead of trying to bin and store and deal with that. I do think it could. I think we'll start. We'll still see this in 2025 myself.
[00:13:23] Speaker A: Yeah. Okay. Fair enough. Same, same type of topic, but different. Different commodity.
All right. So what's cool in crop marketing this week?
Well, actually a whole bunch of different things. And it's actually positive, right. It's cool. All right, we've. Well, okay, let's start off with a, you know, potential. Well, not potential, I guess, the port strike. There's a strike notice out there. As of recording, I'm not sure what we're seeing for delays, but both in Canada and my understanding is the US as well, of course, port strikes, rail strikes, all this stuff, not good for basis, not good for commodities.
Hopefully it doesn't last very long, or hopefully it's been resolved. By the time we've listened to this. That seems to be what happens when we record the podcast. By the time you listen to it, it's old news and has resolved itself. So, you know, fingers crossed on the porch strike, but that is the only negativity in this one. On the positive side, we've got strength in canola, we've got strength in soybeans, soybean oil. And we have like a hodgepodge of different things going on.
First and foremost, I know everybody wants to talk about the US August heat, taking a couple of bushels off of the soybean yield, and that's what's coming in right now. I think soybeans are like 10% harvested, folks. And in my experience in the past, usually the worst stuff comes out first and then it gets better. So I don't think that's the big bull story right now. I still think soybeans in the US are a little bit ugly from an ending stocks perspective and a demand perspective, but I like that the trade is thinking about that. Okay, I'll just. Yeah, that's what I'll say. More importantly, you know, Brazil is hot and dry and the forecast does bring rains in for the month of October, but it kind of, it keeps getting pushed back a little bit here. And so we've seen some really nice strength in soybeans up what, a dollar from the lows. I know american farmers are harvesting a really good soybean crop and really excited to sell it right now at these prices as well. It's a little bit of a gift. Okay. And I think we got to think of it the same way.
Now, again, it's weather, right? So if it stays hot and dry for a longer period of time, the market can find a little bit more support here. Maybe beans go up to eleven. You know, maybe canola makes its way to that 600 4650 range on the November contract here.
I. Yeah, time will tell.
The, it typically is dry in Brazil in September and moisture events are more significant in October. Like, that's normally what happens. We'll see. I think that's probably what happens again this year. But, hey, obviously, time will tell in the next few weeks, continuing on, we also had that, you know, interest rate cut in, in China. Like, they talked about homeowners getting like a half a percent cut off their, their mortgages. Imagine, you know, you have a mortgage on your house at 5%. You get the phone call or the email, hey, you're down four and a half percent. You know, great. So they're trying to stimulate the economy in China. They. They have a real estate issue going on. And so for us, China doing better, the economy doing better is better for demand, obviously, for commodities that we ship there. So, again, will this amount to much of anything? Probably not, but there's a few stories here now that are certainly helping these markets climb. You can't forget, though, October 1 is just. It's in a couple of days here, and so will China. You know, that's when our tariffs go on to the Chinese Ev's and batteries or whatever it was. Will there be any announcement here in the next week that takes the wind out of our sails? I just hopefully not, but that's what I would be looking at.
Have I sold any canola lately? No, I haven't. But remember, I do have some puts on, and it's a bit of an insurance policy. And, hey, if canola wants to rally another 20, $30, I'm all for it. So I can get some of my. Some of my stuff priced here. When it comes to canola yield, I'm starting to get a little friendlier towards better production.
And so you kind of go hear all this stuff, and you talk to all these people and you go like, okay, not bad. Okay, it's getting bad, bad, bad. Oh, now it's getting a little bit better. Like, you're trying to figure out numbers and areas, and sometimes you get a bunch of numbers in the same area, and you got to remember, oh, yeah, let's look a little further. The canola yields are getting a little bit better in my conversations. So I think production's just coming up just a little bit more than what I was initially thinking here. But again, lots of harvest in front of us. Yeah. What else do we have here? We're still. We're loading trains.
You know, the. The buyers need to buy it.
The sellers don't really. Farmers don't really want to sell it. So you get these little premiums to fill cars here and these little adjustments that happen again. We're not talking about prices that you're like, fire up the truck. Load it up, let's go. Like, we're talking about working out of these terrible bottoms. Like, we were offered 623 a bushel for hard red spring Wheatley at the start of wheat harvest. Like, that was the price.
Now it's like seven and a half. So is seven and a half exciting? No, it's not. It's a lot better than the 623 or whatever that freaking price was at the start of harvest there. All right. And so you still see that pea. Yellow pea trains some barley trains in some areas, feed barley specifically and, and still with some canola as well. You see some premiums there, too on the yellow pea front. India obviously accepting canadian yellow peas now to the end of December. So we are seeing the Viteras kind of leading the way. They're seeing some eleven s now across the prairies. Still some brokers are in the picked up on farm, but we are seeing things closer to eleven now. There's also some strength in green peas. You know, green peas now, you know, at least a $15 a bushel price out there. 15 and climbing. So that's a good thing as well. I did see oat prices climb in Alberta here once again. I know, I read market updates out of Saskatchewan, Manitoba, and it's like, oh, price is steady. Oh, price is steady. Nothing going on with the oat market yet. Alberta's, well, popped up $0.20 here. Popped up forty cents. Oh, now it's popped up another 25 again. You know, you're looking at 475 oats. It's not that exciting, but it's going in the right direction, folks. And that's what's cool in crop marketing this week is many of these crops are just working themselves into these higher price points. And, hey, I think we got selling opportunities coming in in very short order here. All right. I think we'll leave it. Yeah, that's good for what's cool in crop marketing. All right. My positive moments of the week, of course, my favorite segment on the show because I get to talk about family and kids. So will, it turns four years old this week. As of listening to this, she will have turned four.
And obviously, kids grow up so fast and we see it all the time with our two. But, you know, this four year old's birthday party, you know, with Barbie, she got a Barbie, new Barbie and a new Barbie, like ambulance because she's all about medical. Like, if you're, if you're at my house, if you just, like, open the door and walked into my house, like, unannounced, you'd see, like, my wife or, I, like, laying on the couch. You'd think we're in distress because we have a medical team surrounding us with our daughter and our son, and they've got all their medical gear out. It's. It's all medical in our house right now. She's going to be a doctor. And anyways, four year old's birthday party, it's a whole extravaganza because we have.
Thursday was the birthday. Okay. At home, she did a little bit of a spa thing with her mom. At home, we had the bouncy castle from Grant, who's a listener to the podcast. He let us borrow this ginormous bouncy castle for the week. So we got that going on. Friday, we're going to hotel Friday. Saturday, we're hoteling it. Saturday we rented out the gymnastics club, which, yes, I did sign my waiver. Okay, so we got that figured out, but we're going to the gymnastics club for the afternoon with her schoolmates, some of her schoolmates. And anyways, we got this whole thing. It's. It's an extravaganza of a birthday. All right? And then my other positive moment is I did get to go and bring supper out in the field to Scott and Candice out of Killam, Alberta, and so, you know, hit the road. Beautiful day. Absolutely beautiful day in September. Brought them up. Pasta pantry, which, if you ever make it to Sherwood Park, Alberta, you have to stop at pasta pantry. Okay.
It's just this little shop, homemade pastas. Death by chocolate is unbelievable. Anyways, got out there, brought my daughter with me as well. And, you know, just having supper in the field, they stopped everybody. You know, harvest is going quite well there, so moving along quite well, so they stopped everybody. You know, we were able to enjoy the meal and talk and reminisce. I had brought a meal out to them back when the Blue Jays were good and in the playoffs, and we were just reminiscing on old times. And, you know, speaking of kids, I first started working with Scott and Candice when their youngest daughter was born. And when I showed up at the farm, she looked at me, like, straight in the eyes. Like, same height as me, straight in the eyes. And I'm like, yeah, okay, I'm getting old. But anyways, it was a good time, and we got to ride around in an x nine combine again, which my kids are getting spoiled because that's all we seem to cruise around in is the x nine combine at harvest.
What about light oats? I had a grower reach out to me this morning, and he said, we're trying to make the call here on baling this oak crop because we know it's light or harvesting it, combining it. And I have to admit, that's the first time that I've really been approached about that, you know, weight, bushel weight being the issue. And he said, well, Ryan, do you know if there's a market for light oats? And I said, well, again, if it's. If it's going to be 39, you know, 40 pounds, okay. There's definitely opportunity to do something there, but if it's going to be below that, then I asked, like, how low are we talking here? Right. And I guess, are you guys seeing anything on the light outs? I know you don't do a. Traditionally, a lot of oat volume, but anything there.
[00:25:11] Speaker B: I have seen them, and, boy, like, we've had some of the horse plants down here close their doors. They would normally be. Normally be the ones to go to. Like, I think it's important to point out, like, a feed oat is 38 pounds per bushel, so it's quite a bit lower than your. Than your milling oat, which is about 42 and a half pounds per bushel. Avery scale.
[00:25:36] Speaker A: Yeah.
[00:25:36] Speaker B: So. So in that range, you're fine. We can move those, no problem.
[00:25:40] Speaker A: But, yeah, you.
[00:25:41] Speaker B: I have seen them where you get down into the 32 to 34 pound oats as well.
[00:25:46] Speaker A: Yep.
[00:25:47] Speaker B: And again, the. You know, the two places that I have generally been able to go with these are out in Saskatchewan now, southern Saskatchewan. And just like our. Our light barley program, their light oak program filled up almost within a few days for months out.
[00:26:06] Speaker A: Fair enough. Yep. Fair enough.
[00:26:08] Speaker B: So it's another one of those ones that I think could be a little tricky to move. There's just no shortage of grain. Like, even with the corn, for example, there's enough demand over the concern of the. Of the barley bushel weights and this kind of thing, where I know that the wine companies are still planning to bring it in January forward. I've. Well, I've talked to them and. And participated in that market to a small degree. So I know that. That, you know, like, for example, one of the feedlots that I deal with, they want to use more of, like, a 50 50 barley corn blend.
[00:26:43] Speaker A: Okay.
[00:26:43] Speaker B: Just to make sure that they can. That they can keep an eye on their gains.
So those are the types of strategies that I'm seeing. And so that brings in a lot of, a lot of availability. Like the barley, even though it's lighter bushel weight, the yields this year were actually quite fantastic. Okay, so we've got a large quantity of barley that's either close or, or a little bit sub. Now, I should say the real early August barley that came off, especially in our area, a lot of that. I'm not seeing so much of the 42 to 43 pound per bushel stuff anymore either. It seems to mostly be in the 46 to 48. That seems where most of it seems to be coming in, which isn't too much of a problem to deal with. So.
[00:27:34] Speaker A: Okay, when you do a barleycorn mix there ration, is there any like secret, not secret, but a formula where you could bring in some lighter barley to mix with that corn and it would be okay, or does it have to be 48 pounds, 50 pounds?
[00:27:54] Speaker B: Yeah, that's certainly the domain of kind of the nutritionists to watch what's coming in. And yes, they do like quite frankly, the feedlot alley, the main feedlots, you know, 90% of 95% of the barley, probably down here in Lethbridge. These guys, these guys really would like to just use barley that is their preferred feed. The second that they need to, you know, bring corn in or something like that, it, it doesn't work very well because you have to have other space allocated for it more. You know, this idea of blending some or just going straight with it.
[00:28:33] Speaker A: More time.
[00:28:35] Speaker B: More time, exactly. Resetting rollers. You know, like for example, this blended barley.
One particular fellow had a real distaste in his mouth because trying to process that when it's just, you know, you get some, that's some, that's the right plumpness and it rolls okay and then the rest is like oats and it's just going through the rollers. Yeah, you could, you know, I was the welcome recipient for his, for his getting that off his chest.
[00:29:04] Speaker A: Yeah.
Part of the job some days. Hey, David. Part of the job. Yeah.
But anyway, anyway, with us corn, have we seen any change in how the buyers are looking at it for this winter and this year? Theres a heavy program last year. Are we seeing, obviously a big us corn crop? Are we seeing similar type pattern year over year? Are we seeing anybody step up or step back from buying us corn?
[00:29:35] Speaker B: Definitely a step back. Theres far less volume coming this year. There was the push that we saw the previous May, like the May 2023. There's been nowhere near that type of push this year. Like the basis, like from what I've heard the last week or so, the basis at the PNW, the Pacific Northwest, has really picked up. So, you know, you get into a $2025 basis spread on corn to barley, it makes it really not very attractive unless you're steaming it, like, with steam flaking. Guys, we'll probably get 115% of barley kind of thing.
[00:30:23] Speaker A: Okay.
[00:30:24] Speaker B: Whereas if they're just dry rolling it along with barley, it's probably on par or even maybe in the 95% of barley. So it'd be paying more for that. You know, I can't emphasize enough that they really don't. It's not their preferred feed. Their preferred feed is what's right around here. They just have to do this stuff to make what they're doing work. So I hope that kind of answers the question.
[00:30:51] Speaker A: So we've been chatting a lot here over the last almost a year in markets that have been bearish, right? Starting to see feed barley bids pick up a little bit in certain parts of the prairies. Are you turning any more neutral towards feed barley values moving forward? Is there anything, any twinkle in your eye about higher barley prices in this winter, or how do you see this market right now?
[00:31:17] Speaker B: Well, my own opinion just on that is we've definitely seen the market move down. I tend to think that we did put a bottom in at that. Like, in last bridge, it dropped to about $245 a ton toward the end of August. It seems like that may have been a bottom with the knee jerk reaction that we've had coming out of the bottom. It's now traded, you know, in and around $6 a bushel delivered Lethbridge, which is about 275.58, I think a little bit, little bit maybe traded over that, but it seems to be right in and around that range. Oftentimes, coming out of these downtrends that have been intact for some time, the tendency is to believe that the market has turned and that we're now going higher.
When I look at a chart and my experience is that the market trends up or down only about 30% of the time, 70% of the time, it moves sideways.
That's what I think. In fact, I think this move, we might be seeing the top end of this current move, and it wouldn't surprise me between now and maybe even February to see us trade somewhere in this, call it 270 to 285 range for, you know, for maybe some time, you know, you might get little spots where it peaks in and out of that range, but kind of have more of a sideways move to it where guys aren't happy with the price, but they eventually do sell a bit. These guys aren't really happy having to pay more than the 245 that they saw, but they need a bit. And it just kind of grinds along that way, you know, with ample feed stock as well. And, you know, there's such grass out there.
The calves aren't coming to market fast either. Like, if I drive around my area, they're all still out in the field, so.
[00:33:29] Speaker A: Yeah, they are.
[00:33:31] Speaker B: So, you know, a lot of this rally might even be like internal companies actually covering their positions more than the actual feedlots buying.
It's difficult to say, but that's just my opinion on it. That we could start to enter into a little more of a grind phase than we've seen. The last two years have been up. Last four years, I should say, were up, up, up, and then the last two years have been down. And it's just been. Every time you turn around, it's either moving in one direction or the other. It wouldn't surprise me now to maybe see a little more of a sideways market.
[00:34:08] Speaker A: Yeah, I can't say that I disagree with you.
When I look at charts myself, I actually think that we can trade a bit more neutral here. Sometimes in wheat or canola, you'll get these rallies that happen kind of during harvest, which sometimes not everyone's paying attention to. And then you look back and see, when did it get a how? Where was I in October? When it hit that level. Right. And so you get that stuff that happens. I think Barley can be a little bit of a different beast at times. What I'm seeing for premiums out there is, you know, a buyer that specifically is targeting some heavier bushels, heavier weight. Like looking for some heavy barley, for whatever reason, saw a little premium from that couple line companies trying to get some coverage. I don't know if that's vessels, if they're doing some vessels off the coast, or if that's, you know, the domestically market. But it seemed like there was enough action out there that I think a couple of vessels have traded and seems that way. But now it could get a little quiet. Like even the malt stuff. Like, when I look at Malt barley, and I know you don't dabble in any malt. I don't think.
[00:35:21] Speaker B: Do you?
[00:35:22] Speaker A: No, I don't.
[00:35:23] Speaker B: But I do talk to a few guys that do. So I do hear about it, and it can affect the feed barley market. So I try to keep a little bit of a pulse on them. On the malt market.
[00:35:32] Speaker A: Well, the line companies have really dug in their heels at their posted bids. And even in one area of Saskatchewan, the feed offer and the malt offer were. We're at a point where I was like, man, I know it's a little less for the feed, but it's peace of mind. You have bushelweight. It's all. It's just like malt. Sometimes you get a nasty phone call three weeks after you've hauled your malt barley, thinking that you're good, and you get the call, and they say, yeah, when we were loading the boat, there was an issue with yours, and you. Sorry. You're getting the feedback. Yeah, that's happened. I've been a part of some of those conversations.
[00:36:11] Speaker B: Anyway, if it was me personally, I would need to see a dollar spread between malt and feed, at least to play the malt game myself. Otherwise, it would just not even be worth it for the amount of times and the.
[00:36:26] Speaker A: For the gray hairstyles.
[00:36:28] Speaker B: Just everything that you got to do.
If the prices start to narrow out, then for sure. But oddly enough, I thought that we would see more of the barley from that malt market coming into the feed market, because the barley, it's light, but oftentimes it's still quite plump, especially down in the US. I'm more talking about down there right now in Montana. They've. They've actually still been able to get that stuff in as malt, which surprised me.
I thought we would be inundated with barley coming up, from what I had heard down there, and just the bushel weights. And there is light barley, for sure.
[00:37:07] Speaker A: Yeah.
[00:37:08] Speaker B: The plumpness is actually more of a factor for them and for them. For the malt, at least from. From the source that I was speaking with. And so I've had. I've bought more. I've actually bought more wheat out of the US to come up here, winter wheat and things like that, than I have barley this year. So it's actually been very slow on the barley side. And that's. That's kind of what I've heard. So don't. Don't write your. Your barley off. If it's just. If it's light, make sure you get it checked for that malt, if, you know, if there is that decent spread to be made.
[00:37:44] Speaker A: So the domestic maltors are still paying a pretty healthy spread there.
[00:37:50] Speaker B: Okay.
[00:37:51] Speaker A: Some pretty big premiums over the feed market. So. Yeah, definitely worth while there.
[00:37:55] Speaker B: There you go.
[00:38:00] Speaker A: Okay. Let's. Let's get into a little housekeeping here for this week. I've been looking forward to this because we're gonna spend the majority of housekeeping talking about the conference here. But before we get to that, my song of the week. I don't know if you guys had time. You didn't. I've had good harvest weather, but I think it's on prime. The tragically hip released, no dress rehearsal. It's four, like, four episodes. I'm a huge, tragically hip fan. When I redo the studio here in October, where I don't know how, what the makeover is all gonna look like, but I've got Gord Downeye up in the corner here. He's gonna make his way down somewhere into the background here. So we're gonna make some changes to the studio. But anyways, my song of the week is at the hundredth meridian, and I put it on the playlist. I put a bunch of tragically hip on there for you as you get, you know, towards the back half or the tail end of harvest here, but just a great, great show. And just. I'm a big, hip fan. I know it's a love hate thing with those guys, but I've really loved the hip for a long time. So that's the song of the week before we get to the conference.
So, like I've said, we don't want to talk about eggfinity every week. Okay, but it continues in the background, folks. It continues again today, recording this on Wednesday, another farm, you know, looking for payment. That's two, actually, in the last five days. So again, folks, the stuff's out there. All right? Okay, now let's get to the conference.
Now, the cool thing about it today is that you can actually go and apply.
And I've talked about this in past episodes.
Shook your head at me, saying, what is this jerk doing making us apply to go to this conference? You know the story.
We're trying to be gatekeepers here. We don't want to sell tickets to just anybody. We want it to be farmers in the room. And when I stand on that stage on the first night, I keep wanting to say Friday night. It's not a Friday night. It's a Tuesday night.
I want to ask who in that room. You know, everyone who farms, you know, stay standing. Everyone who's not farming, sit down. And I expect that the only people sitting down are guest speakers. Okay, that is it. Everyone else in that room has to be farmers. Now, the agenda is not quite.
It's percolating. It's just. It's not quite done yet. It's not quite set, but these are the people that are coming to present. Okay, now what time they're presenting, the exact title of the presentation.
Those things are nothing. I have a really good idea. I just don't have the exact wording yet. And I'm still waiting for. There's a keynote spot that we're just waiting. It's like a bit of a dance to get some of this stuff done. And so there's some back and forth and making sure that we get all this straightened out. So there's still a keynote spot that we're. I know who it is, but we're just, we got to get some stuff, documentation, taking care of it, you know, and just make sure that everyone, we get the yeses, but here's who's speaking. Okay, we've got Terry Becker from backswap. He's going to talk about some farm financials, maybe a little bit of benchmarking as well.
We have futures brokers coming in and for a couple of different things, futures brokers are going to talk about the relationship they have with farmers and how that translates into managing risk.
We're also going to get them to do some one on one stuff. So for those of you that are like, hey, I'm just kind of getting going in this, or I've got the next generation getting going. We are going to do a session on some of that beginner stuff as well, or even a refresher for some of you that haven't used options for a while.
We've got Trent Clarenbach with Clarenbach research. This guy does phenomenal technical analysis. And like, for me, it, yeah, I'm excited to have him there. So he'll be there. Chuck Penner with left field commodities.
Again, someone the other day told me you got, you have the godfather of crop marketing coming. And yeah, I didn't know Chuck was the godfather, but it makes sense. And so he'll be there as well, doing a specialty crops outlook. We have Evan with simple hedge. Simple hedge is for farmers who want to take risk management to the next level.
He'll explain it more, in more detail, but that's more of a technology side for us. We have Alain Gubeau with combine a farm financial software. He's going to come and talk to us not about, hey, here's a software, but about how software can help farmers win on the crop marketing side. Okay. Again, no sales pitches. We have Cam, who's a fuel broker. He's going to give us a bit of a, an idea on how they work with farmers. When they're, you know, selling fuel, farmers buying fuel in bulk and the savings that are available to you. We're going to go over elevator contracts, grain elevator contracts, and we might even have farmers do this presentation. There's talk in the background of some farmers that may step up and educate us on what they've used. And I think I'm going to be a part of that one, too.
We've got a guy, three is going to be there. They're a crop insurance company. Crop insurance and crop marketing. What's that got to do with each other? You're going to find out. Who else do we have here? We've got David with Marketplace who's all over this episode, but he's going to be there as well. Topics, right. These are the topics we're covering.
Cash flow planning, cost of production. And if you already have a cost of production, you don't have to go to that session, but cost of production, we're going to talk about that again. Futures brokers, we talked about especially crops, outlook, futures brokerage and strategy benchmarking.
The list goes on and on. Here we have people coming to talk to us about decision making and confidence.
So you think about it. You could have all the information and you could know that, hey, this is going to be a great decision for my farm, but yet sometimes you hesitate, sometimes you don't execute. And so what, what holds us up in the decision making process? We're going to talk about that as well. And I had a farmer tell me, you know, Ryan, when I was working with you on the consulting side, you know, often you would get the ball rolling on some of the contracts. Like you would get the parties, get everyone to the party contracting. And he said it took, it just took away that pressure of that final call and I of selling it. And I said, well, that's weird. I said, I don't really feel that. I don't really feel that pressure. And he's like, yeah, you didn't raise the crop, though.
Yep, good point. Good point. I thought that was really great. We're going to talk about that. We're going to talk about creating your own crop marketing plan. So we have all these experts and, you know, industry geniuses joining us, which is great. You're going to gather up all that intel and then on the second day we're going to create crop marketing plans. You're going to do some work. We're giving everybody a booklet. We're creating a crop marketing booklet thing in the background here as well. What else do we have here farmer panels. You gotta. We got farmers learning from farmers. Right?
So powerful. We're gonna do a couple of different panels as well. So I know I don't have the agenda in a nice fancy document for you to look at yet. It's coming very, very soon. But you can today, you can go to the website Ryandini Caddy and you can apply to come to the conference. You can put in your farm information. I want to go, Ryan. Here's my info. We're going to send you an email back when it's approved or when, you know, we've reviewed it and say, hey, yeah, great, welcome to the conference. Here's where you go to buy tickets. Now. Here's the link to get your tickets. Okay. I'm so excited to be putting this on.
Every time we have a meeting with, with the folks in drum Heller, like, we're doing all the little things. Okay, we've got Bernie and the boys. Bernie and the boys. Restaurant has been on, like, some of those fancy eating shows. Like, you got to eat here, right? This place is awesome. They're doing lunch for us. We got Heller good sandwiches. Again, top notch restaurant coming in to doing lunch for us. We have a great caterer. We got, we have prime rib on the menu. Okay? We're not like, we're not messing around here. We're doing all the little things. I can't tell you everything because I don't want to spoil it all or spoil, you know, but we're partnered with Valley brewing.
We have requests out to the four h club. We've got some of you listeners who are helping us out as well, tying us in with some of the high school kids to see if we can get some of them to come out for a learning experience.
We've got some of you helping us just tap into some of these industry groups out in the Drumheller area. And I tell my team every week that, let's go back to the community. What else can we do here? Who else can we support? What, what other establishment have we not thought of or included in all this? There's. I don't know. I can't say it all on the episode. Maybe I'll dedicate one episode here in October to just the entire thing.
But, uh, I also, I need you to know, too, that, um, two things. Like, number one, anyone that has dealt with me in the past knows that, you know, my attention to detail on this type of stuff is pretty intense at time. Maybe a little bit too intense. But we are thinking and looking at all the little things. So you're going to have a great time. Well, learning and taking some education from this and implementing it in your 2025 crop marketing plan and beyond. I know that you're going to do that, okay?
But the last thing I want to say is when you apply, you've nothing you've done giving us anything. Okay, you can go here, apply and then we're going to send you the link for tickets. And stuff happens. Life happens, things happen. You know, maybe you've changed your mind. Whatever it is, there's no real pressure on our side here. We're going to sell out this room.
We are going to fill it with farmers from western Canada to learn about crop marketing.
Never will you feel that you're pressure to do one thing or the other and things happen, life changes. I don't know, you're just, we need to know who's now moving from the waitlist to more interested and we are going to start selling tickets here in the very, very near future. We just got to finalize this agenda and just check two more things off before we can go whole hog. But now, today you can go Ryan Dini ca click on any of the tabs and then it'll pull you into the next page and on the top it'll say 2024 conference. Click on that, scroll down, you can apply. And then again, once you apply and you're approved, we'll send you the link that you can actually buy the tickets and see the agenda as well. Right? The agenda will be there soon as it can be, but we want to get the ball rolling. And again, I appreciate everyone reaching out. I appreciate all the emails, the messages, like we were doing a rough number count the other day on just people that had engaged with us and the lunchbox crew members and some of the farms I do consulting work with. And I looked over at Yvonne and I was like, we need a bigger room. So yeah, we did make some adjustments there as well this week. But I we're at the Badlands community Center, we're in like downtown Drumheller and even reaching out to a few of the local pubs to say, hey, we're clearing out of this place at 910 o'clock at night. We're coming for you as well. So I don't know, I'm super pumped and excited and already started to plan next year's like next year when, when we're in Drumheller, we're going to announce next year's conference and we're gonna move this thing around.
But we're aiming for some for Saskatchewan here in 2025. Anyways, Drumheller, come join me. It's gonna be a great time. All right, that's it for housekeeping.
So just in regards to feed wheat, though, anything kind of stand out on the feed wheat market right now, or is it acting as it normally does?
[00:51:32] Speaker B: I don't think so too much. I mean, the feed mills are. They're using it aggressively, more so than they were last year. A lot of them were just strictly on corn, so that's probably on the feed weed end. Quite a nice thing for. For us to see that they're back using feed weed again in. In a good. In good form.
A lot of the feedlots as well. Some of them, because the. The bushel wheats aren't as variable on the wheat or. I've actually really picked up their, their wheat purchasing. Some of them haven't, though, which I've been surprised. Yeah, no, the quality's been good on it. So, you know, soft white wheats and all varieties of wheat can come down into the feed market. So.
[00:52:17] Speaker A: Yep.
[00:52:17] Speaker B: That might be a good thing for guys to keep an eye on and, and watch. My guess is that the feed wheat probably values, I would say probably fairly close to corn to guys. I mean, whether they're going to pay that value or not, definitely market for that, you know, and that all over the place, from the feed mills all the way up and down the number two corridor, all the way down to Lethbridge and into Saskatchewan, everywhere, you know, little. Little pockets of smaller markets, but very good.
[00:52:47] Speaker A: Okay, cool. Before we let you go, any commodity kind of stand out right now, that that's a hot topic for you. Any, you know, anything you're searching for anything, you know. Yeah. The one thing that I had treated.
[00:53:01] Speaker B: A bit of early was low protein. Durham, actually.
[00:53:05] Speaker A: Okay. Sure.
[00:53:06] Speaker B: So that was something that, that we'd done pretty well. I think. The Durham market in Lethbridge here had got to around $8 a bushel. And I, you know, I was able to pay somewhere in around the nine, the nine to nine and a quarter range somewhere in there.
I have a buyer that would still be looking for more. Now, the top end of the protein that they're looking for at this point, maybe they'll adjust this later because a lot of, the lot of the stuff is higher protein. So the max protein on this that I've been looking for is 13%, so.
[00:53:38] Speaker A: Okay. Sure.
[00:53:39] Speaker B: And it's been tricky to find, but I suppose if anyone has anything, and it does go down to the US. So, you know, from where you're, I'm guessing the bulk of your listeners are, it still may not work from up there versus what the local elevator is paying, but it might be something to look for. That was, that was. I don't trade a lot of Durham, so I guess that that's why that one stood out to me.
[00:54:03] Speaker A: Yeah. Yeah. Podcast listeners now, you know, as the show evolves, has evolved here. It's actually, we got. We get emails now from like the northern states as well. A few guys message in quite consistently and get some emails from southern Manitoba, messages from all over Saskatchewan as well now. So perfect. Yeah, it's fun.
[00:54:25] Speaker B: Just trying to think if there's anything else. We are looking for some red lentils again. Probably works better down in the Lethbridge area. I'm hearing kind of that they're around 31, $0.32, something like that. But I'm looking for, you know, probably about a thousand ton of those, you know, a couple loads of green peas. You know, of course, we're always looking for Barley as well.
[00:54:46] Speaker A: Yeah.
[00:54:47] Speaker B: Barley, feed, wheat, they're our main commodities. These are just some of the other ones that. That I've kind of got on the radar. Right. That I'm. That I'm actively looking for.
[00:54:56] Speaker A: So some of the fun ones. You bet. Yeah. And I'll just remind folks that this is pre recorded and so by the time you get ahold of David, some of these may or may not be around anymore. So just keep that in mind.
[00:55:08] Speaker B: Yeah. If they feel, if they fail, they fill.
[00:55:10] Speaker A: Exactly.
[00:55:11] Speaker B: And then it's usually gone. Yeah.
[00:55:13] Speaker A: Good stuff, David. Well, I appreciate you jumping on the show here once again.
[00:55:16] Speaker B: My pleasure.
[00:55:17] Speaker A: And I look forward to having you here again in the next month or so.
[00:55:21] Speaker B: That sounds great. Yeah. I appreciate you reaching out, Ryan, and wish everyone a good finish up to their harvest.
[00:55:28] Speaker A: Awesome. Thanks, David.
[00:55:29] Speaker B: You bet. Take care.
[00:55:34] Speaker A: Alrighty. Let's get over to the mail bag now. Of course, sponsored by pioneer seeds. And we are giving away the month of September in the field.
Party, supper or after harvest party. Right, you kind of end of September here. You guys are cruising, right? We're probably talking after harvest party, but anyways, valued at $750. They'll partner with a local caterer, bring all the fixings, and I'm hoping that I can make it work where I pop in as well. I know that might mean catching a flight somewhere. I know that might mean taking a drive. But hey, if I can get out there, I certainly will. So we have. We have five. It just lit up again. So we have five, but there's a couple that are the same. All right, so I'm actually gonna, I'm gonna tackle, I got one from Leo this week in regards to I normally grew, he says I normally grow green peas, but I'm thinking of switching to yellows for next year.
What do you, what do people do? What do you think about that scenario and should I be considering switching over to yellows? Well, Leo, I don't know specifically, um, you know, all the ins and outs of, uh, of the markets in your neck of the woods there. But, um, I was just looking, I saw my first new crop, yellow p bid for next fall.
And I know that you're going to, uh, say what already? And that's what I said too. Um, the problem was it wasn't super exciting. I just want to confirm here if I can find a price in your, uh, in your backyard.
But the price I saw was in Alberta and it was an 850.
Yeah. You have an 825 yellow pea bid in your backyard. Okay, 825.
Now for budgeting purposes, I think I put in, did I put in a nine?
Let me double check what I put in here real quick. Quick.
I put in a nine. And I kept your greens at twelve.
So, you know, you have to see a pretty significant yield gain on those yellows.
If you're confident that you're going to get an extra, you know, ten bushels or something like that, then yellows are definitely in the mix for you.
But, you know, I still think greens supply is going to be ending stocks to be tight. Lots of poor quality, high bleach out there, and green pe value should hold in quite well. I think you'll see a surge, though, in green pea acres next year. You'll see a lot more green peas going in. And so word of caution around that. But hey, if someone wants to offer you 1213 to get started, I think that'll be in the cards here in January and returns look better for the greens once again. Again, you know, I don't know, a yield perspective. Maybe some of the listeners can email in and say, hey, between greens and yellows, I grow an extra 1015 bushels of yellows and then we could do some more penciling out and see what makes sense. But I still think greens are the way to go. Maybe switch up your green pea variety. If you're frustrated with your variety, there's some newer ones out there that you can take a look at and maybe that'll give you that advantage back.
All right, I had two questions come in in regards to oats. And so, you know, both asking about the outlook in the oat market, and I think David talks about this in pretty good detail here as well. But, you know, milling oats, I know that everyone wants to talk about oat crops being bigger year over year from a production standpoint, but where are all these light oats going to go? And so when I talk to a few of the buyers in my network, they're finding their heavy oats, but not as easy as you think. So prices have upside potential. Now, Jason's question was between now and December, you know, what's a price to target? Well, in his region, his buyer, you know, mentioned $5, and I think $5 target put in right now for movement in November, December. I think that's going to strike here in the next couple of weeks. Are you going to see something above that?
I think you're going to have to wait till later this winter to really see some gains there. Jason wants to move his oats before the end of the calendar year. I think five is probably a pretty fair number for you. I think that's a number that's going to attract some business for the buyer as well.
And, you know, I think I'd be a seller, too, between here and Christmas, if you want to get them moved, that's what I would do. Jenny and Colton ask, you know, what's the outlook later on? Well, I still think we got to figure out how many heavy oats are out there, but I believe that upside potential is going to be there into the spring and summer. Now, can you cash flow it? Right. But, you know, ideally, you just pick a way at it here to meet your cash flow needs. And I expect strength for oats into next spring and into next summer. To what level, I can't tell you quite yet, but it wouldn't surprise me if we were staring down in portions of the prairies.
Some high fives, maybe even a six out there could be in play. That's a big jump over where values are today.
We'll have to see quality first, though. All right. I don't see a lot of downside in the oat market at this time. Patience should be okay. We had Val send in a question about, you know, was it worth it to swath or stray cut canola in northern northeastern Alberta this year? Now, I'm not an agronomist. I don't know the answer to that question, per se, but what I did get this week was a picture of a plant from the eastern side of Alberta, where you could see where it was, you know, the crops ripe, and it's done, and it's ready to harvest, and then you have a super green stem and then yellow flowers on there.
Right. Challenging. I was chatting with my friend Lynn, also in northeast Alberta, same thing. They went in, saw the same type of plant, and so they went and did an application. Um, again, I think it was red glow, and. But don't quote me on that. So they could go and harvest that crop. And she messaged me today and said it was going much better. They're going faster and, uh, keeping more in the hopper there. So, yeah. So I'm assuming that if you're waiting to straight cut right now, you're waiting for a frost, which we haven't seen here yet, towards the end of September. So putting in the swathe, you know, maybe that did make more sense a few weeks ago. I'm not sure yet, but, uh, I know both are out there have happened, and. And, uh, yeah, lots of control coming off now. So, uh, again, straight cut, you, if you haven't sprayed it, you're. You're probably waiting for a frost to kill that thing off and get it going. Uh, last one here from greg.
He's asking about the strength in the canola market, and he says, ryan, it looks like canola's poised to break through $600. He sent this on Monday.
Greg, can we borrow your crystal ball, man? We did break above 600. Where's the next area of resistance? And is it possible for canola to test dollar, 700 per ton in the next crop year? So, nearby resistance, but also next year now to see it go to 700 next year. Is that in the cards? I think things happen, yes, it's in the cards. We're currently 648, you know, 650.
You. Can we see it climb to 700? I I don't think we. The way the setup is today, I don't expect that we're gonna see 700 at this time for November of 2025.
But if I look back at the charts, you know, 675 to 680 is definitely in play. You know, you got some resistance here. You could call it at 650. But I wouldn't even really look at that. The 700 in play. It certainly can happen. I just think 675 is where we could top out with the current setup we have. If we get more news, something fresh to feed the bulls, then, you know, certainly. And if. If the Nov. 24 contract, the nearby one, if that makes a move, you know, north to 650 to 660, then, yeah, maybe that far. One year out a year later can go a little bit closer to 700. But what I told my crew is, hey, 636 40, which we've passed through. If you want to, if you want to dust off the 2025 crop marketing plan, if you want to get familiar again with who you're going to do contracts with for next year, futures first contract, maybe you haven't done those in a while or before. You know, go ahead and, and you can do a little bit here, a percent or two just to get, get going at 650, though, that's where I'd be willing to take a bit more of a stand to get some 650 or get some of that done and take a bit more of a stand. And then from there, again, we're still building that plan for next year, picking away at it as we go. It's so interesting to me to see the market show strength. And folks that not curl up, not freeze, but sit here and say, well, geez, maybe this market, maybe they're just telling us something. Maybe the market's going to go up a whole bunch and hey, markets go up and down. They certainly do. But you can start building your plan for next year. You can start executing, and there's always, there's things to do to participate. There's always something that you can look at here, pardon me, where you've protected downside and leave some upside exposure available.
But this is about 2025 is, it's about survival in the crop marketing game.
And you are going to always have a low contract. You're going to have the one that you're like, well, shoot, what was I thinking that day? And a high one and say, darn, why didn't I do more? That's the way it goes. But if you're getting to levels of profitability here, why wouldn't you start taking a look at this? There's no, there's no guarantees, folks, that prices stay where they're at at this time. Anyways, great questions this week. Thanks to pioneer seeds for sponsoring this month with that harvest supper. And, of course, fire your questions into Ryan at whatthefuturespodcast caddy. All questions in the month of September that have come in or will come in, we're going to draw for that harvest meal. Now, eating your veggies. Eating your veggies segment is brought to you by the conference. Now, the marketing made cool conference sponsoring the eating your veggies segment. All right, three quick ones for you this week. I think we beat this one to death already on the podcast, but canola targets 2024 and 2025 crop. Okay, I want to see you take advantage of this strength in this market and get a little bit of something done. Soybean growers as well. You know, I was listening to a technical update here on soybeans earlier today and, you know, they said, yeah, soybeans could make their way up another $0.20 here. But I, you know, if they fall below $10, it's going to be a very steep decline, lower. So they were thinking, hey, get some, get some stuff done here, get some target set. You know, stay on top of it. Again, beans for 24 and for 2025. So that's one and two for eating your veggies. And the third one is just, hey, you know, go over to the conference website, take a peek. Ryan Denis, CA apply for the conference if you have questions, you know the email rhino with the Futurespodcast cA. That's how you get a hold of me and happy to answer it. And again, I'll get the agenda out as soon as I can. That's it for this episode. If you found it, you know, exciting or useful, please share it with a friend, neighbor, colleague, your local egg community.
Spread the word, my friends.
You guys are doing it because things are happening. Things are happening on the YouTube channel. Things are happening in the podcast world as well. I appreciate it.
I also need to let you know, prices can change, strategies can change.
We record this mid week. It goes out at the end of the week. Stuff happens. Do my best to try to keep you guys in the loop on strategy, but it does change and my hands are tight on that one. If you want to be a guest on the show, send me an email. If you want to connect or sponsor, that's where you go as well. Ryandine, CA have a good weekend, everybody. Thanks for hanging into the end.
I'm out.
