Elevator Address

	Daily News
	Just a quick reminder that we continue to accept low graded corn.       Thursday, January 23, 2020, 7:50 a.m. – Yesterday was a mostly negative day for our markets.  Spot corn closed up 1 1/4, spot soybeans closed down 2 1/4, harvest 2020 spring wheat closed down 6 3/4 and harvest 2020 winter wheat closed down 3 3/4.  In the overnight trade corn and the wheat complex are positive with soybeans still on the negative side.  Our dollar had a high yesterday morning of $0.767 US and then went sharply down to trade most of the day at about $0.761 US.  This morning it is a bit lower with it currently valued at $0.760 US. Yesterday the Bank of Canada announced that they are holding the overnight lending rate at 1.75%.  This was expected however they released a statement saying that the economy is going slower than previously expected.  This trend is expected to stay in place for next year and as such our dollar weakened on this news.  It looks like interest rate cuts may be required earlier than previously expected to help stimulate the Canadian economy. Our markets all closed much below their daily highs yesterday.  This was very disappointing especially in the wheat market as the CBOT wheat had reached a 15 month high before it fell to close almost 15 cents lower than the high for the day.  The CBOT has rallied $1.34 per bushel since the low back in early September.  We wrote yesterday about some of the reasons for the recent strength in the wheat market.  Remember however that the elephant in the room is that the world remains well supplied in wheat.  This strong supply will place a lid on the current rally in prices, just where that lid will be is yet to be seen.  Please call Geoffrey Guy at 613-880-2707 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

	Canadian News
	ICE Futures Canada Morning Comments Jan 23
	ICE Futures Canada Afternoon Comments Jan 22

	DTN Blogs & Forums
	DTN Market Matters Blog DTN Weekly Average DDG Price Steady 2020 Spending Bill Gives Money to Aging US Waterways; Is It Enough? DTN Weekly Average DDG Price Weaker Technically Speaking Livestock Markets Examined A Volatile Week in Crude Oil Grains Dissected Ahead of WASDE Fundamentally Speaking USDA Revises Corn Feed Demand Change in US Corn & Soybean Planted Area Record Slow Corn Planting Pace DTN Ag Policy Blog More Farm Bureau Policy Highlights From the Notebook Perdue Defends NASS, But Open to Crop Survey Changes Republicans Extoll China Agreement While Democrats Are Cautious Minding Ag's Business Profit Through Marketing, Management Power of Positive Leadership The Recipe Is In the Soup DTN Ag Weather Forum Favorable Conditions for Brazil This Week Steep Extreme Weather Price Tag in 2019 Beneficial Brazil Pattern Continues DTN Ethanol Blog Grassley Said Small-Refinery Exemptions Will be Issue on Trump Campaign Trail GAO Will Investigate Small-Refinery Exemptions Program China Puts Hold on Planned E10 Mandate as Corn Stocks Drop DTN Production Blog Wondering About the Future of Pest Management in Ag? Look to Its Students. Insurance Deadline for Delayed Harvest Have a Hearing Loss? Don't Suffer in Silence Harrington's Sort & Cull Hitting the High Points of Last Week Bringing in the New Year Strong Winter and the Weeks Ahead South America Calling Favorable Conditions for Brazil This Week Beneficial Brazil Pattern Continues ADM Expands Extracts Business With Acquisition of Brazilian Company An Urban’s Rural View Americans on the Move, Elections in the Balance Someday This Too Will End Could the Twenties be the Decade of the Plant? Machinery Chatter Kinze Ups Planting Speed to 12 Mph Multimeter Mystery Deere Reveals Its Largest Combine Canadian Markets Canadian Dollar Breaks Lower New-Crop Canola's $500 Challenge Trade Tops Canada's Ag Concerns Editor’s Notebook Annual Review a Bit of Deja Vu Thankfully Looking Forward Working Without a 'Net

	Local Cash Bids
	loading... CORN   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Spot  388'2 -0'4  Harvest 2020  400'0 -0'6 SOYBEANS   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Spot  909'6 -4'0  Harvest 2020  945'6 -4'4 WHEAT, HRS + PROTEIN   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Spot  557'4 2'0  Harvest 2020  582'2 2'2 WHEAT, SRW   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Spot  578'2 0'4  Harvest 2020  581'4 -0'2 WHEAT, HRW + PROTEIN   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Spot  578'2 0'4  Harvest 2020  581'4 -0'2
	Price as of 01/23/20 07:46AM CST. Month Symbols
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	This Day In History
	January 23, 1779 Charles Messier catalogs M56 (globular cluster in Lyra) more info

	Local Conditions
	North Gower, ON Chg Zip Code:  Temp: -3oC Feels Like: -6oC Humid: 55% Dew Pt: -11oC Barom: 30.33 Wind Dir: SW Cond: N/A Wind Spd: 7 km/h Sunrise: 7:28 Sunset: 4:54 As reported at MASSENA, NY at 8:00 AM
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	Futures
	@C - CORN - CBOT Month Open High Low Last Change Close Time More Mar 20 388'4 389'6 387'6 388'2 -0'4 388'6 07:35A May 20 394'0 395'0 393'0 393'2 -1'0 394'2 07:35A Jul 20 398'4 399'6 397'6 398'2 -1'0 399'2 07:35A Sep 20 397'4 398'4 396'6 397'0 -1'0 398'0 07:35A Dec 20 400'0 401'0 399'4 400'0 -0'6 400'6 07:35A Mar 21 409'6 410'4 409'6 410'4 0'0 410'4 07:35A May 21 414'0 414'2 413'6 414'2 -0'2 414'4 07:35A Jul 21 416'4 416'6 416'2 416'6 0'0 416'6 07:35A Sep 21 409'0 -1'0 408'2s 07:33A @S - SOYBEANS - CBOT Month Open High Low Last Change Close Time More Mar 20 914'0 914'6 908'2 909'6 -4'0 913'6 07:35A May 20 927'4 928'2 921'6 923'2 -4'2 927'4 07:35A Jul 20 941'0 941'6 935'6 937'0 -4'2 941'2 07:35A Aug 20 946'2 946'4 941'0 941'4 -4'4 946'0 07:35A Sep 20 946'0 946'0 940'2 941'0 -4'6 945'6 07:35A Nov 20 950'0 950'0 944'6 945'6 -4'4 950'2 07:35A Jan 21 953'6 954'2 949'2 950'0 -4'4 954'4 07:35A Mar 21 943'6 943'6 941'2 942'0 -3'4 945'4 07:35A May 21 943'0 943'0 941'6 941'6 -3'4 945'2 07:35A @MW - HARD RED SPRING WHEAT - MGE Month Open High Low Last Change Close Time More Mar 20 554'2 560'4 552'6 557'4 2'0 555'4 07:34A May 20 563'2 570'0 562'2 567'0 2'0 565'0 07:34A Jul 20 569'4 574'6 569'4 573'2 1'2 572'0 07:34A Sep 20 577'2 582'2 577'2 582'2 2'2 580'0 07:34A Dec 20 589'2 594'6 589'0 592'2 1'6 590'4 07:34A Mar 21 605'0 605'0 605'0 605'0 4'0 601'0 07:34A May 21 609'6 -5'4 606'4s 07:34A Jul 21 Sep 21 @KW - HARD RED WINTER WHEAT - KCBT Month Open High Low Last Change Close Time More Mar 20 492'4 496'2 490'0 492'0 -0'4 492'4 07:35A May 20 500'0 503'4 497'6 499'2 -0'4 499'6 07:35A Jul 20 507'0 510'2 504'6 506'2 -0'6 507'0 07:35A Sep 20 513'6 517'2 512'4 513'4 -1'2 514'6 07:35A Dec 20 525'0 527'2 523'0 524'0 -1'0 525'0 07:35A Mar 21 541'4 545'0 534'4 535'6 -7'6 535'2s 07:35A May 21 540'6 -8'0 535'4s 07:31A Jul 21 537'4 -8'6 528'6s 07:28A Sep 21 499'6 -9'0 532'2s 01/22 @W - WHEAT - CBOT Month Open High Low Last Change Close Time More Mar 20 577'6 582'4 576'0 578'2 0'4 577'6 07:35A May 20 577'0 581'2 575'4 577'2 0'0 577'2 07:35A Jul 20 576'0 580'2 575'0 576'6 0'0 576'6 07:35A Sep 20 581'0 585'0 579'6 581'4 -0'2 581'6 07:35A Dec 20 589'6 592'4 587'6 589'4 -0'2 589'6 07:35A Mar 21 595'2 597'6 595'0 596'2 -0'4 596'6 07:35A May 21 591'0 593'0 590'0 590'0 -0'4 590'4 07:35A Jul 21 567'6 573'0 567'6 569'0 -1'4 570'4 07:34A Sep 21 572'0 572'0 572'0 572'0 -0'4 572'4 07:34A My Custom Markets Symbol Open High Low Last Change Close Time More