Daily News
	Friday, August 16, 2019, 7:30 a.m. – Yesterday was a mostly negative day for our markets.  Harvest corn closed up 3/4, harvest soybeans closed down 7 1/4, harvest spring wheat closed down 2 3/4 and harvest winter wheat closed down 4 3/4.  In the overnight trade all of our markets are currently on the positive side.  Oil closed down $0.76 yesterday at $54.57 per barrel.  It is stronger this morning with it now sitting at $55.58 per barrel.  Our dollar had a low yesterday morning of $0.750 US and has trended mostly up since that time.  This morning it is currently valued at $0.752 US.  What a difference a week makes.  Last Friday it was hard to see anything that could happen to bring corn prices down.  It was thought that the WASDE report on Monday would cut corn acres and most likely yield prospects also.  Of course the exact opposite occurred and corn prices have fallen.  With the planted acreage now confirmed at 90 million acres the only thing left is the yield debate.  The USDA increased the projected yield by 4 bushels on Monday and this has helped to drive prices lower.  It is hard now to see anything on the horizon which will bring prices back up any significant amount. The WASDE report for the soybean market was somewhat supportive.  They decreased planted acres to under 80 million acres and left the projected yield unchanged from last month.  With decreased total production we could have reasonably expected this market to rally.  Unfortunately with the continued bad vibes about any potential trade deal between China and the US this market followed corn lower.  It should be noted that world supplies of soybeans remain strong, demand has decreased from China and when these two factors are put together any large price increase going forward is unlikely. Friday’s thought: The markets are positive today, the sun is shining, and most of us are getting a least some rains for our crops.  Life is good!  Go out and enjoy it! 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 Aug 16
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	loading... CORN   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Spot Corn  371'0s 10'2  Harvest 2019  380'6s 9'6  Harvest 2020  408'4s 5'0 SOYBEANS   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Spot  867'2s 9'2  Harvest 2019  879'6s 9'0  Harvest 2020  938'2s 9'2 WHEAT, HRS + PROTEIN   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Harvest 2019  506'2s 3'4  Harvest 2020  562'4s 1'6 WHEAT, SRW   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Harvest 2019  470'6s 1'6  Harvest 2020  503'2s 4'0 WHEAT, HRW + PROTEIN   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Harvest 2019  470'6s 1'6  Harvest 2020  503'2s 4'0
	Price as of 08/18/19 03:18PM CDT. Month Symbols
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	North Gower, ON Chg Zip Code:  Temp: 26oC Feels Like: 26oC Humid: 62% Dew Pt: 18oC Barom: 29.95 Wind Dir: N Cond: N/A Wind Spd: 6 km/h Sunrise: 6:04 Sunset: 8:01 As reported at MASSENA, NY at 3:00 PM
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	@C - CORN - CBOT Month Open High Low Last Change Close Time More Sep 19 361'4 371'2 361'2 371'2 10'2 371'0s 02:00P Dec 19 372'0 381'0 371'4 381'0 9'6 380'6s 02:00P Mar 20 384'2 393'0 384'0 392'6 9'2 392'6s 02:00P May 20 392'2 400'2 392'2 400'2 8'6 400'0s 02:00P Jul 20 398'4 405'4 398'2 405'4 8'0 405'6s 02:00P Sep 20 401'2 404'6 400'2 404'2 5'6 405'0s 02:00P Dec 20 404'6 408'4 404'0 408'4 5'0 408'4s 02:00P Mar 21 414'4 417'6 414'2 417'6 5'0 418'0s 02:00P May 21 420'0 4'6 423'2s 08/16 @S - SOYBEANS - CBOT Month Open High Low Last Change Close Time More Sep 19 858'2 868'0 858'2 866'4 9'2 867'2s 02:00P Nov 19 871'0 880'6 870'6 879'0 9'0 879'6s 02:00P Jan 20 885'0 894'2 884'4 892'6 9'2 893'4s 02:00P Mar 20 897'0 906'6 897'0 905'4 9'4 906'4s 02:00P May 20 910'2 918'0 909'2 916'2 9'2 917'4s 02:00P Jul 20 920'4 928'6 919'2 927'2 9'0 928'0s 02:00P Aug 20 931'4 931'4 929'0 929'0 9'0 931'6s 08/16 Sep 20 928'4 9'0 932'4s 08/16 Nov 20 929'2 938'4 929'2 937'2 9'2 938'2s 02:00P @MW - HARD RED SPRING WHEAT - MGE Month Open High Low Last Change Close Time More Sep 19 502'6 507'0 502'4 507'0 3'4 506'2s 02:00P Dec 19 515'0 519'0 515'0 519'0 3'6 518'4s 02:00P Mar 20 530'4 533'4 530'4 533'0 3'0 533'0s 02:00P May 20 542'2 543'6 542'2 543'2 2'6 543'0s 08/16 Jul 20 550'6 553'6 550'6 552'4 2'0 552'6s 08/16 Sep 20 562'0 562'0 561'0 561'0 1'6 562'4s 02:00P Dec 20 577'0 577'0 577'0 577'0 2'0 577'6s 08/16 Mar 21 585'0 2'4 587'0s 08/16 May 21 @KW - HARD RED WINTER WHEAT - KCBT Month Open High Low Last Change Close Time More Sep 19 389'6 394'6 389'2 394'6 4'4 394'2s 02:00P Dec 19 403'6 409'6 403'6 409'6 5'2 409'4s 02:00P Mar 20 420'2 425'4 420'0 425'4 5'2 425'4s 02:00P May 20 431'0 436'4 431'0 435'6 5'2 436'2s 08/16 Jul 20 441'4 446'6 441'0 446'2 5'2 446'4s 02:00P Sep 20 456'4 460'6 455'2 460'6 5'2 460'6s 08/16 Dec 20 478'2 481'0 475'6 481'0 5'2 480'4s 08/16 Mar 21 490'4 5'0 496'0s 08/16 May 21 495'0 495'0 495'0 495'0 3'2 499'2s 08/16 @W - WHEAT - CBOT Month Open High Low Last Change Close Time More Sep 19 470'2 473'0 467'2 470'2 1'6 470'6s 02:00P Dec 19 476'0 478'6 474'0 476'4 3'0 477'4s 02:00P Mar 20 482'0 485'0 480'6 483'0 3'0 484'0s 02:00P May 20 488'0 490'6 486'6 489'2 3'0 489'6s 08/16 Jul 20 492'6 495'6 491'4 494'2 4'0 495'0s 02:00P Sep 20 502'0 503'6 500'0 503'6 4'0 503'2s 02:00P Dec 20 514'2 515'4 512'2 514'0 3'6 515'4s 08/16 Mar 21 521'6 3'2 524'4s 08/16 May 21 549'4 2'6 525'6s 08/16 My Custom Markets Symbol Open High Low Last Change Close Time More