North Gower Grains

Monday, August 18, 2025, 6:37 am

Geoff is off, please contact Delores, Bob, Tony or the office for any marketing needs. Contact info below.

Friday was a mostly positive day for all our market, with the exception of spring wheat. Harvest corn closed up 8, harvest soybeans closed up 14, harvest winter wheat closed up 3 and harvest spring wheat closed down 2. In the overnight trade everything is on the negative side. Oil closed down $0.91 yesterday at $63.00 per barrel. It is slightly stronger in trading this morning with it now valued at $63.10 per barrel. Our dollar had a high of $0.725 US in the last 24 hours and a low of $0.725 US it is currently valued at $0.725 US.

It was a roller coaster of a week for our markets last week, up one day, down the next. For the week new crop corn ended where it started at even, soybeans gained $12/mt, winter wheats gained $2/mt and spring wheat gained $6/mt. So even with all the ups and downs last week was a positive/neutral week for prices.

Corn was supported on Friday by some hot and dry weather predictions coming from the southwest part of the corn belt.

Soybean market is still being supported by last week’s WASDE report. USDA cut total acres by 2.4mil acres, which means less acres to harvest and they also cut ending stocks by 20mil bushels bring it down to 290mil bushels. We haven’t hit last year’s November soybeans low and last week was a 55-cent bushel gain week, a nice turn around week for the market. Hopefully soybeans can find some more support to continue an upward trend.

Locally, large parts of the Ottawa valley got a feel good rain yesterday morning, with more rain in the forecast this week. Hopefully it’s a just in time rain for our crops.

If you would like to talk about the markets or price some of your crop for the future or in store, please reach out to us via phone or email to info@northgowergrains.com. Prices quoted herein are for product at our elevator.