Daily Blog

 

GRAINS MATTER CHATTER EPISODE 67

 

 Wednesday, October 20, 2021   8:23 AM
 
CORN:

On Tuesday December corn futures closed 2 1/2 cents lower. Not much news on corn for the moment.  The market is trending sideways.  There are rumours of U.S. exports of ethanol to China, which may increase U.S. corn usage this year. 

 

December corn is up 4 1/2 cents morning.

 
SOYBEANS:

November soybeans led other commodities and were up 6 1/2 cents yesterday. Harvest pressure is being met with purchases of futures by hedge funds (large speculative traders).

 

Market is up 9 1/2 cents in the a.m.


 
WHEAT:

December Chicago wheat was down 1/4 cent and December Minneapolis wheat was up 6 1/2 cents again on Tuesday.
 
Chicago is up a 5 3/4 cents, and Minneapolis is up a 5 cents in the a.m.

 

Market closed at $413 per tonne at the elevator on Tuesday.

 
CANADIAN DOLLAR:
 

Canadian dollar closed at 80.87 on yesterday. The market is at 80.95 this morning. The near-term trend for the Canadian dollar is to the upside.

 

GENERAL:
 

The crude oil market backed off to 82.01 this morning. 
 
Crop planning is always a challenge.  Not telling producers what to do but please revisit your cost of production this winter to see how things pencil in regarding input costs vs. prices for 2022/23.


 


Please call Geoffrey Guy at 613-880-2707 or Delores Foster at 613-880-7458, or Bob Orr at 613-720-1271  if you would like prices for crop you have stored on your farm.  Prices quoted herein are for product at our elevator.

-------------------------------------------------------------------------------------

  If you would like to receive our daily email (which is sent out at 8:00 a.m.) with our prices and the market commentary please call the office 613-489-0956
 



Local Cash Bids
 
CORN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Harvest 2021  537'6
-1'4
 Harvest 2022  533'0
-1'4

SOYBEANS
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Harvest 2021  1241'2
-4'2
 Harvest 2022  1245'0
-3'6

WHEAT, HRS (INCLUDES PROTEIN)
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  994'4
4'6
 Harvest 2022  842'0
2'0

WHEAT, SRW
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  747'2
-2'0
 Harvest 2022  750'6
-2'6

WHEAT, HRW (INCLUDES PROTEIN)
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  747'2
-2'0
 Harvest 2022  750'6
-2'6

Price as of 10/21/21 03:07AM CDT.
Month Symbols
Click to view more Bids

Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN