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, 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
ICE Futures Canada Afternoon Comments Aug 16

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Local Cash Bids
 
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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Local Conditions
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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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
Sep 19 361'4 371'2 361'2 371'2 10'2 371'0s 02:00P Chart for @C9U
Dec 19 372'0 381'0 371'4 381'0 9'6 380'6s 02:00P Chart for @C9Z
Mar 20 384'2 393'0 384'0 392'6 9'2 392'6s 02:00P Chart for @C0H
May 20 392'2 400'2 392'2 400'2 8'6 400'0s 02:00P Chart for @C0K
Jul 20 398'4 405'4 398'2 405'4 8'0 405'6s 02:00P Chart for @C0N
Sep 20 401'2 404'6 400'2 404'2 5'6 405'0s 02:00P Chart for @C0U
Dec 20 404'6 408'4 404'0 408'4 5'0 408'4s 02:00P Chart for @C0Z
Mar 21 414'4 417'6 414'2 417'6 5'0 418'0s 02:00P Chart for @C1H
May 21 420'0 4'6 423'2s 08/16 Chart for @C1K
@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 Chart for @S9U
Nov 19 871'0 880'6 870'6 879'0 9'0 879'6s 02:00P Chart for @S9X
Jan 20 885'0 894'2 884'4 892'6 9'2 893'4s 02:00P Chart for @S0F
Mar 20 897'0 906'6 897'0 905'4 9'4 906'4s 02:00P Chart for @S0H
May 20 910'2 918'0 909'2 916'2 9'2 917'4s 02:00P Chart for @S0K
Jul 20 920'4 928'6 919'2 927'2 9'0 928'0s 02:00P Chart for @S0N
Aug 20 931'4 931'4 929'0 929'0 9'0 931'6s 08/16 Chart for @S0Q
Sep 20 928'4 9'0 932'4s 08/16 Chart for @S0U
Nov 20 929'2 938'4 929'2 937'2 9'2 938'2s 02:00P Chart for @S0X
@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 Chart for @MW9U
Dec 19 515'0 519'0 515'0 519'0 3'6 518'4s 02:00P Chart for @MW9Z
Mar 20 530'4 533'4 530'4 533'0 3'0 533'0s 02:00P Chart for @MW0H
May 20 542'2 543'6 542'2 543'2 2'6 543'0s 08/16 Chart for @MW0K
Jul 20 550'6 553'6 550'6 552'4 2'0 552'6s 08/16 Chart for @MW0N
Sep 20 562'0 562'0 561'0 561'0 1'6 562'4s 02:00P Chart for @MW0U
Dec 20 577'0 577'0 577'0 577'0 2'0 577'6s 08/16 Chart for @MW0Z
Mar 21 585'0 2'4 587'0s 08/16 Chart for @MW1H
May 21 Chart for @MW1K
@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 Chart for @KW9U
Dec 19 403'6 409'6 403'6 409'6 5'2 409'4s 02:00P Chart for @KW9Z
Mar 20 420'2 425'4 420'0 425'4 5'2 425'4s 02:00P Chart for @KW0H
May 20 431'0 436'4 431'0 435'6 5'2 436'2s 08/16 Chart for @KW0K
Jul 20 441'4 446'6 441'0 446'2 5'2 446'4s 02:00P Chart for @KW0N
Sep 20 456'4 460'6 455'2 460'6 5'2 460'6s 08/16 Chart for @KW0U
Dec 20 478'2 481'0 475'6 481'0 5'2 480'4s 08/16 Chart for @KW0Z
Mar 21 490'4 5'0 496'0s 08/16 Chart for @KW1H
May 21 495'0 495'0 495'0 495'0 3'2 499'2s 08/16 Chart for @KW1K
@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 Chart for @W9U
Dec 19 476'0 478'6 474'0 476'4 3'0 477'4s 02:00P Chart for @W9Z
Mar 20 482'0 485'0 480'6 483'0 3'0 484'0s 02:00P Chart for @W0H
May 20 488'0 490'6 486'6 489'2 3'0 489'6s 08/16 Chart for @W0K
Jul 20 492'6 495'6 491'4 494'2 4'0 495'0s 02:00P Chart for @W0N
Sep 20 502'0 503'6 500'0 503'6 4'0 503'2s 02:00P Chart for @W0U
Dec 20 514'2 515'4 512'2 514'0 3'6 515'4s 08/16 Chart for @W0Z
Mar 21 521'6 3'2 524'4s 08/16 Chart for @W1H
May 21 549'4 2'6 525'6s 08/16 Chart for @W1K
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