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, February 22, 2019, 6:55 a.m. – Yesterday was a nice positive day for our markets.  Spot corn closed up 4 3/4, spot soybeans closed up 8 1/2, spot spring wheat was up 9 and spot winter wheat was up 5 3/4.  In the overnight trade corn and spring wheat are positive, soybeans are even and winter wheat is just negative.  Oil closed down $0.20 yesterday at $56.96 per barrel.  It is stronger this morning with it now trading at $57.40 per barrel.  Our dollar had a daily high yesterday morning of $0.760 US.  It went down to $0.755 US early in the overnight trading and then started to rally.  This morning it is currently valued at $0.757 US.
Our markets rallied yesterday with news of significant possible progress in trade talks.  There are unconfirmed reports that memorandums of understanding are being completed that will be the base of a new trade deal that the leadership of both countries can review.  Further to these rumours it has been reported that the China will increase their agricultural purchases up to $30 billion worth per year.  For reference in 2017 (which is the last full year before the tariffs came into effect) China purchased about $23 billion of US agricultural products.  If these parts of the rumours are true and this makes it into a final deal it could give our markets a nice push up on prices. 
Acreage estimates from the Ag Outlook Forum were released yesterday.  Corn acres are forecasted to increase by 2.87 million acres up to 92 million acres for the coming year.  Soybeans acres are forecasted to decrease by 3.2 million acres to 85.0 million acres.  Total wheat acres are expected to decrease by 0.8 million acres to 47.0 million acres.  These numbers did nothing to move the markets as they were all within pre-report estimates.
Today the weekly export sales data dump will catch up on all the missed export activity during the US Government shutdown.  These numbers definitely do have the ability to move our markets either way.
Friday’s thought: The less you respond to rude, critical, argumentative people, the more peaceful your life will become!
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 February 22
ICE Futures Canada Afternoon Comments Feb 20

DTN Blogs & Forums


Local Cash Bids
 
CORN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  376'6
1'2
 Harvest 2019  402'6
1'0

SOYBEANS
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  913'0
2'0
 Harvest 2019  956'2
2'0

WHEAT, HRS + PROTEIN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  571'4
13'6
 Harvest 2019  576'4
8'2

WHEAT, SRW
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  487'6
1'2
 Harvest 2019  504'4
1'0

WHEAT, HRW + PROTEIN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  487'6
1'2
 Harvest 2019  504'4
1'0

Price as of 02/22/19 11:32AM CST.
Month Symbols
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February 22, 1968
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Local Conditions
North Gower, ON
Chg Zip Code: 
Temp: -1oC Feels Like: -6oC
Humid: 64% Dew Pt: -7oC
Barom: 30.45 Wind Dir: WNW
Cond: N/A Wind Spd: 15 km/h
Sunrise: 6:48 Sunset: 5:36
As reported at MASSENA, NY at 12:00 PM
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Local Radar
North Gower, ON
Chg Zip Code: 
 
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DTN Webinars

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 19 374'6 377'6 374'4 376'4 1'0 375'4 11:21A Chart for @C9H
May 19 383'4 386'4 383'2 385'6 1'4 384'2 11:21A Chart for @C9K
Jul 19 391'2 394'2 391'2 393'4 1'2 392'2 11:21A Chart for @C9N
Sep 19 395'4 398'2 395'4 397'4 1'2 396'2 11:21A Chart for @C9U
Dec 19 400'6 403'6 400'6 402'6 1'0 401'6 11:21A Chart for @C9Z
Mar 20 410'6 413'4 410'4 412'6 1'0 411'6 11:21A Chart for @C0H
May 20 416'4 419'0 416'2 418'2 0'6 417'4 11:21A Chart for @C0K
Jul 20 421'4 423'2 421'4 422'6 0'6 422'0 11:21A Chart for @C0N
Sep 20 412'2 412'2 412'2 412'2 -1'2 413'4 11:17A Chart for @C0U
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Mar 19 910'2 914'6 907'4 913'0 2'0 911'0 11:21A Chart for @S9H
May 19 923'4 928'0 920'6 926'2 2'0 924'2 11:21A Chart for @S9K
Jul 19 936'6 941'2 934'0 939'4 2'0 937'4 11:21A Chart for @S9N
Aug 19 942'0 946'4 940'0 945'2 2'2 943'0 11:21A Chart for @S9Q
Sep 19 946'0 949'2 943'4 948'2 2'2 946'0 11:21A Chart for @S9U
Nov 19 953'4 957'0 950'6 956'0 1'6 954'2 11:21A Chart for @S9X
Jan 20 963'0 965'0 960'6 965'0 2'0 963'0 11:21A Chart for @S0F
Mar 20 968'0 970'4 966'0 970'4 2'0 968'4 11:21A Chart for @S0H
May 20 974'4 974'4 971'2 974'4 0'4 974'0 11:21A Chart for @S0K
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Mar 19 557'6 573'0 557'6 571'4 13'6 557'6 11:21A Chart for @MW9H
May 19 558'0 573'0 557'6 567'2 9'4 557'6 11:21A Chart for @MW9K
Jul 19 563'0 574'2 563'0 570'6 9'6 561'0 11:21A Chart for @MW9N
Sep 19 571'6 579'4 570'6 576'4 8'2 568'2 11:20A Chart for @MW9U
Dec 19 587'6 588'2 587'4 587'4 6'4 581'0 11:20A Chart for @MW9Z
Mar 20 591'4 595'2 591'4 592'6 5'2 591'6s 11:20A Chart for @MW0H
May 20 620'0 7'4 599'0s 11:19A Chart for @MW0K
Jul 20 631'6 6'2 602'6s 11:20A Chart for @MW0N
Sep 20 0'0 0'0 0'0 Chart for @MW0U
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Mar 19 456'2 462'2 455'0 458'6 3'4 455'2 11:21A Chart for @KW9H
May 19 464'4 470'0 462'4 465'6 2'4 463'2 11:21A Chart for @KW9K
Jul 19 474'2 480'0 472'0 474'2 0'6 473'4 11:21A Chart for @KW9N
Sep 19 486'4 491'6 484'2 486'6 0'6 486'0 11:21A Chart for @KW9U
Dec 19 505'0 508'6 502'4 504'4 0'6 503'6 11:21A Chart for @KW9Z
Mar 20 518'0 520'2 517'0 519'4 1'6 517'6 11:21A Chart for @KW0H
May 20 525'6 526'4 525'0 526'0 0'4 525'4 11:21A Chart for @KW0K
Jul 20 530'4 530'4 529'4 529'4 -0'2 529'6 11:20A Chart for @KW0N
Sep 20 572'4 4'4 539'2s 11:20A Chart for @KW0U
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 19 488'4 493'0 484'4 487'6 1'2 486'4 11:21A Chart for @W9H
May 19 493'0 497'4 488'6 492'2 1'2 491'0 11:21A Chart for @W9K
Jul 19 495'6 500'0 491'6 495'2 1'6 493'4 11:21A Chart for @W9N
Sep 19 505'4 509'2 501'4 504'4 1'0 503'4 11:21A Chart for @W9U
Dec 19 519'2 523'0 516'0 518'6 0'6 518'0 11:21A Chart for @W9Z
Mar 20 530'0 533'4 527'4 529'2 0'4 528'6 11:21A Chart for @W0H
May 20 536'4 536'4 532'4 532'4 -1'4 534'0 11:20A Chart for @W0K
Jul 20 531'4 533'0 530'4 530'4 -1'4 532'0 11:21A Chart for @W0N
Sep 20 536'6 536'6 536'4 536'4 -1'2 537'6 11:20A Chart for @W0U
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