Daily Blog

  
Grains Matter Chatter - Episode 228

With the postal strike taking place this is a great time to set up direct deposit.   Just click on the 'Sign up for direct deposit' and follow the steps.

 
Tuesday, December 3, 2024, 7:40 am – Monday was a negative day for our markets.  Harvest corn closed down 1/4, spot soybeans closed down 4 1/4, spot winter wheat closed down 3/4 and spot spring wheat closed up 4.  In the overnight trade all of our markets are back on the positive side.  Oil closed up $0.10 yesterday at $68.10 per barrel.  It is stronger in trading again this morning with it now valued at $68.96 per barrel.  Our dollar had a low yesterday morning before noon of $0.710 US and a high in the overnight trade of $0.714 US.  It has eased back since then with it currently valued this morning at $0.712 US. 
 
Weather in South America remains in the news.  Unfortunately for our commodities the favourable weather for crop growth is resulting in even higher projections for the current crops.  More and more firms are adjusting their projections up for both corn and soybeans.  The market is trading with the assumption that a record crop will be produced and it will stay that way until something happens to counter this.  It is very interesting how the marketplace will just assume that the favourable weather will continue for months on end. 
 
I was thinking that the markets had some reasons to go higher yesterday but of course they did not.  This morning is starting out like a good old fashioned ‘Turnaround Tuesday’.  Hopefully the markets can sustain the positive vibes from this morning for the whole day.   
 

Geoffrey Guy | 613-880-2707

Delores Seiter | 613-880-7458
Bob Orr | 613-720-1271

Office | 613-489-0956

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

  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
 



 
Please send info to;
2518 Lockhead Rd,
North Gower ON K0A 2T0

or 
info@northgowergrains.com  


 
 

Local Cash Bids
 
CORN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Harvest 2024  432'2s
-0'2
 Harvest 2025  430'6s
-1'0

SOYBEANS
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  991'6s
6'4
 Harvest 2025  1006'2s
0'6

WHEAT, HRS (INCLUDES PROTEIN)
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  590'0s
2'2
 Harvest 2025  615'6s
2'4

WHEAT, SRW
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  547'4s
0'2
 Harvest 2025  574'2s
-0'2

WHEAT, HRW (INCLUDES PROTEIN)
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  547'4s
0'2
 Harvest 2025  574'2s
-0'2

Price as of 12/03/24 05:33PM CST.
Month Symbols
Click to view more Bids

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