Soybeans in Manitoba are flat, trading about where they were in January.
Buyers price off Chicago Board of Trade futures, and they had a minor run in February so there were slightly better prices available for a while. Delmar International Inc. is paying 30 cents over May, putting it at $10.10 the morning of March 24, while elevators are about $9.80 per bushel.
One would think a farmer easily could have hedged new crop soybeans at profitable levels, given the great cash prices over the winter. It was never that simple, however, because new crop was always discounted.
April 29, 2013
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