Elevator Address

2518 Lockhead Rd
North Gower, ON K0A 2T0
1-855-SOY-CORN(769-2676)
Office: 613-489-0956
Fax: 613-489-0957
info@northgowergrains.com

Mailing Address

6830 4th Line Rd
North Gower, ON K0A 2T0
1-855-SOY-CORN(769-2676)
Office: 613-489-0956
Fax: 613-489-0957
info@northgowergrains.com


Daily News

Friday, March 21, 2019, 7:10 a.m. – Yesterday was a mostly positive day for our markets.  Spot corn closed up 4 3/4, spot soybeans closed up 4 1/2, spot spring wheat was down 1/4 and spot winter wheat was up 1 3/4.  In the overnight trade corn and winter wheat are positive while both soybeans and spring wheat are hovering around even.  Oil closed down $0.25 yesterday at $59.98 per barrel.  It is down again this morning with it now trading at $59.44 per barrel.  Our dollar had a high yesterday morning of $0.751 US and then a low before noon of $0.747 US.  It rebounded some after that but has traded weaker again in the overnight.  This morning it is currently valued back at yesterday’s low of $0.747 US. 
Soybean prices on the CBOT have jumped back up over the 100 day average.  This can be looked as somewhat a surprising development.  There is currently a lot of doom and gloom in this marketplace.  South American Production is projected higher this year than last year.  The African Flu is reducing the size of the hog herd in China and neighboring countries that will reduce the demand for soymeal.  Large carryout stocks in the US this year will also help to keep a lid on prices and of course we have the uncertainty of a trade deal between China and the US.  Depending on what article you read either negotiations are going well or they have hit a hard spot with neither side willing to give in.  Bottom line is that there are many reasons for this market to go down further but somehow it is keeping prices fairly stable.
The weather in the northern US with current floods and the short term wet and cold forecast could be bringing a weather risk premium into our markets.  Much of the Corn Belt is rated with severe flooding risks going into the spring planting season.  Sooner or later the market will have to deal with the potential of delayed plantings and possibly reduced yields.
Weekly export sales out of the US for last week were within expectations for corn and wheat.  Unfortunately they were below expectations for soybeans.  On the positive side hog exports were solid which could result in increased feed demand in the US this year.
Friday’s thought: Very little is needed to make a happy life.  It is all within yourself and your way of thinking!
Please call Geoffrey Guy at 613-880-2707 or Bob Orr at 613-720-1271 if you would like any direct ship pricing.  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

 


Canadian News
ICE Futures Canada Morning Comments March 22
ICE Futures Canada Afternoon Comments Mch 22

DTN Blogs & Forums


Local Cash Bids
 
CORN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 spot  378'2s
2'0
 Harvest 2019  400'0s
1'2
 Harvest 2020  410'4s
0'4

SOYBEANS
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  903'6s
-6'6
 Harvest 2019  937'4s
-7'2
 Harvest 2020  967'4s
-8'4

WHEAT, HRS + PROTEIN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  572'2s
1'0
 Harvest 2019  574'6s
-1'0

WHEAT, SRW
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  466'0s
-0'4
 Harvest 2019  479'4s
-0'4

WHEAT, HRW + PROTEIN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  466'0s
-0'4
 Harvest 2019  479'4s
-0'4

Price as of 03/22/19 05:15PM CDT.
Month Symbols
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DTN Daily Video

This Day In History
March 22, 1841
Cornstarch patented (Orlando Jones)

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Local Conditions
North Gower, ON
Chg Zip Code: 
Temp: 3oC Feels Like: -1oC
Humid: 96% Dew Pt: 2oC
Barom: 29.42 Wind Dir: WNW
Cond: N/A Wind Spd: 15 km/h
Sunrise: 6:58 Sunset: 7:13
As reported at MASSENA, NY at 5:00 PM
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Local Radar
North Gower, ON
Chg Zip Code: 
 
Local Temps
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DTN Webinars

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 19 375'6 380'6 375'4 378'6 2'0 378'2s 03:51P Chart for @C9K
Jul 19 385'0 389'6 384'6 387'6 2'0 387'4s 03:53P Chart for @C9N
Sep 19 391'2 395'4 391'2 393'6 1'4 393'2s 02:44P Chart for @C9U
Dec 19 398'2 401'6 398'0 400'2 1'2 400'0s 03:55P Chart for @C9Z
Mar 20 408'6 411'4 408'2 410'0 1'2 410'2s 03:51P Chart for @C0H
May 20 414'0 416'4 413'2 414'6 0'6 415'0s 02:35P Chart for @C0K
Jul 20 416'6 419'2 416'0 417'4 0'4 417'6s 01:30P Chart for @C0N
Sep 20 409'4 410'2 407'4 409'4 0'2 408'6s 01:30P Chart for @C0U
Dec 20 409'2 412'0 409'0 410'2 0'4 410'4s 02:50P Chart for @C0Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 19 909'6 912'0 903'0 904'2 -6'6 903'6s 03:32P Chart for @S9K
Jul 19 923'2 925'4 916'4 917'6 -7'0 917'2s 03:54P Chart for @S9N
Aug 19 929'4 931'6 922'6 923'4 -7'0 923'2s 01:30P Chart for @S9Q
Sep 19 934'2 936'4 928'0 928'2 -6'6 928'4s 01:30P Chart for @S9U
Nov 19 943'6 946'2 936'6 938'0 -7'2 937'4s 03:29P Chart for @S9X
Jan 20 952'0 954'0 944'4 945'0 -8'0 945'0s 01:30P Chart for @S0F
Mar 20 957'6 959'6 949'0 950'2 -9'0 949'6s 01:30P Chart for @S0H
May 20 964'0 964'0 953'6 955'2 -9'4 954'6s 01:30P Chart for @S0K
Jul 20 970'6 972'2 961'4 962'2 -9'6 962'0s 02:30P Chart for @S0N
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
May 19 571'0 576'6 567'2 571'2 1'0 572'2s 02:49P Chart for @MW9K
Jul 19 570'4 576'0 567'6 570'0 -0'4 570'6s 03:29P Chart for @MW9N
Sep 19 575'0 580'0 572'4 574'2 -1'0 574'6s 01:31P Chart for @MW9U
Dec 19 586'4 591'2 584'0 586'0 -1'2 585'6s 03:30P Chart for @MW9Z
Mar 20 596'4 601'0 594'4 596'0 -1'6 596'2s 01:31P Chart for @MW0H
May 20 603'6 603'6 601'4 601'4 1'0 604'4s 01:31P Chart for @MW0K
Jul 20 598'0 0'6 608'6s 01:31P Chart for @MW0N
Sep 20 0'0 0'0 0'0 Chart for @MW0U
Dec 20 Chart for @MW0Z
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
May 19 446'0 452'0 443'2 444'4 -2'0 445'0s 03:10P Chart for @KW9K
Jul 19 452'2 460'0 451'6 452'6 -1'6 453'4s 01:30P Chart for @KW9N
Sep 19 464'4 471'2 463'4 464'6 -1'4 465'0s 01:20P Chart for @KW9U
Dec 19 484'4 490'2 483'0 484'6 -0'6 484'4s 01:20P Chart for @KW9Z
Mar 20 500'0 506'0 500'0 501'0 -1'0 500'4s 01:20P Chart for @KW0H
May 20 509'2 515'0 509'0 509'4 -0'6 510'0s 01:20P Chart for @KW0K
Jul 20 517'4 517'4 514'4 515'6 -0'6 515'4s 01:20P Chart for @KW0N
Sep 20 510'2 -0'6 527'0s 01:20P Chart for @KW0U
Dec 20 540'6 -1'0 541'0s 01:20P Chart for @KW0Z
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 19 465'4 473'6 463'6 465'0 -0'4 466'0s 03:09P Chart for @W9K
Jul 19 470'6 478'2 468'4 470'0 -0'6 470'6s 02:30P Chart for @W9N
Sep 19 478'2 486'4 477'2 478'2 -0'4 479'4s 02:33P Chart for @W9U
Dec 19 493'0 501'2 492'2 493'4 -0'4 494'2s 03:01P Chart for @W9Z
Mar 20 507'4 514'4 507'4 507'4 0'2 508'0s 01:20P Chart for @W0H
May 20 512'4 519'6 512'2 515'0 0'0 514'2s 01:20P Chart for @W0K
Jul 20 517'6 522'4 516'6 517'0 -0'2 515'6s 01:30P Chart for @W0N
Sep 20 517'6 -0'4 522'2s 01:20P Chart for @W0U
Dec 20 537'2 539'4 534'4 535'0 -0'2 533'4s 01:20P Chart for @W0Z
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