Daily News
	Friday, May 24, 2019, 6:40 a.m. – Yesterday was a negative day for our markets.  Spot corn closed down 4 3/4, spot soybeans were down 7, spot spring wheat was down 9 1/2 and spot winter wheat was down 2 1/2.  In the overnight trade all of our markets are back on the positive side.  Oil closed down $3.51 yesterday at $57.91 per barrel.  It is stronger this morning with it now trading at $58.58 per barrel.  Our dollar had a daily low yesterday morning of $0.741 US and has traded mostly up since that time.  This morning it is currently valued at $0.744 US.  The corn market was trading up yesterday until the USDA announced their 2019 Market Facilitation Program for farmers.  This aid package is to help make up for any damage caused by the trade war with China.  Although many details are yet to be announced they have set aside $14.5 billion and payments will be set on a per acre basis and is not dependent on which crops are planted in 2019.  Before the announcement the corn market was trading at technical resistance levels on both the nearby and harvest 2019.  After the announcement they both pulled back about 10 cents.  The market treated the new package as a disincentive for farmers to take prevent plant acres for this year.  This would have farmers planting crop even if they are past the upcoming decision dates to put acres into the prevent plant program.  For this to happen farmers still need weather to cooperate and the forecast for much of the US remains unfavourable for planting. Weekly exports of corn, soybeans and wheat out of the US came in within expectations.  One thing to note however is that China still has 7 million tonnes of unshipped soybean commitments from the US.  These commitments were made during some of the recent trade negotiations.  It will be interesting to see if they actually take delivery of these soybeans or cancel the orders as another trade war casualty. Friday’s thought: Happiness is not our master.  We have to master happiness! 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 May 24
	ICE Futures Canada Afternoon Comments May 24

	DTN Blogs & Forums
	DTN Market Matters Blog DTN Weekly DDG Average Price Higher Lower Mississippi River Still in Flood Stage; Barge Movements Remain Slow DTN Weekly DDG Average Price Steady Technically Speaking Livestock Futures Tilting Scales Higher Downtrends in Corn, Wheat, Soybeans Persist and Accelerate Palm Oil Shows Signs of Support Fundamentally Speaking U.S. Spring Wheat Planted by 5/19 Soybeans Planted by May 19 vs. Impact on Yields, Planted Area 2019's Corn Planting Pace Appears Slowest Ever DTN Ag Policy Blog Canada and Mexico Drop Retaliatory Tariffs on U.S. Ag Products President's Immigration Plan Silent on Farm Labor Ag Secretary Perdue: Trade Aid Could Reach $20 billion Minding Ag's Business MFP Payments Buoy Farm Income, Complicate Planting Decisions No Man's Land for Your Farm Five Ways to Increase Employee Engagement DTN Ag Weather Forum Goodbye Drought, Hello Mud Canadian Prairies' Two-Week Outlook Planting Rain Delays Continue DTN Ethanol Blog Biofuels Group's Small Refinery Waivers Lawsuit Runs Into Trouble in Court of Appeals Crude, Oil Product Futures Posting Massive Morning Losses Ag Groups Press Congress for Biodiesel tax Credit Extension DTN Production Blog Dinner is Grown A Lot of Ifs Lessons From a Crop Tour: People and Experiences Matter. Social Media Does Not. Harrington's Sort & Cull Cattle Charm Wasted? Updating the Beef-Chicken Foot Race Who Should Ag Honor on Presidents Day? South America Calling Weather Favors Brazil Second-Crop Corn Favorable Conditions Continue for South America South American Corn and Soybean Crops Outlook An Urban’s Rural View The Virtual Coffee Shop is Open You Can't Win a Trade War Without Casualties Is a Quick Trade Deal With Japan Likely? Machinery Chatter Farmers Test New John Deere Grain Drill Be Safe When Working With Anhydrous Ammonia Sabanto Autonomously Plants Soybeans in Iowa, North America Canadian Markets December Spring Wheat ends Higher for Fourth Week Saskatchewan Planting Pace Leaps Ahead November Canola Drifts Sideways Editor’s Notebook Glyphosate Safety: An Untimely Convenient Truth Opioid Crisis Continues MyPlanting19 Contest Kickoff

	Local Cash Bids
	loading... CORN   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  spot  404'2s 14'4  Harvest 2019  419'6s 11'6  Harvest 2020  414'0s 1'2 SOYBEANS   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Spot  829'6s 8'2  Harvest 2019  856'2s 8'0  Harvest 2020  905'6s 3'2 WHEAT, HRS + PROTEIN   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Spot  548'0s 13'6  Harvest 2019  555'0s 12'6 WHEAT, SRW   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Spot  489'4s 19'2  Harvest 2019  496'6s 18'4 WHEAT, HRW + PROTEIN   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Spot  489'4s 19'2  Harvest 2019  496'6s 18'4
	Price as of 05/26/19 10:12PM CDT. Month Symbols
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	North Gower, ON Chg Zip Code:  Temp: 14oC Feels Like: 14oC Humid: 83% Dew Pt: 11oC Barom: 29.93 Wind Dir: N Cond: N/A Wind Spd: 0 km/h Sunrise: 5:19 Sunset: 8:33 As reported at MASSENA, NY at 10:00 PM
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	Futures
	@C - CORN - CBOT Month Open High Low Last Change Close Time More Jul 19 390'4 404'6 389'6 404'6 14'4 404'2s 09:36P Sep 19 399'2 413'0 398'2 413'0 14'0 412'4s 08:45P Dec 19 408'0 420'0 407'4 420'0 11'6 419'6s 09:51P Mar 20 419'2 429'6 418'6 429'2 10'0 429'2s 07:00P May 20 423'6 432'6 423'6 432'6 8'6 432'2s 06:15P Jul 20 427'4 435'0 427'2 435'0 7'0 434'4s 02:00P Sep 20 411'6 413'4 410'2 413'4 2'0 412'6s 07:00P Dec 20 412'4 415'2 411'4 413'6 1'2 414'0s 07:00P Mar 21 420'2 424'0 419'2 422'0 1'0 421'6s 02:00P @S - SOYBEANS - CBOT Month Open High Low Last Change Close Time More Jul 19 821'4 831'4 820'0 829'2 8'2 829'6s 09:59P Aug 19 828'0 838'2 827'0 836'2 8'2 836'4s 07:58P Sep 19 835'2 845'0 834'0 843'0 8'2 843'4s 02:00P Nov 19 847'4 858'0 846'4 855'4 8'0 856'2s 07:00P Jan 20 861'2 870'0 858'6 867'2 8'0 868'2s 02:00P Mar 20 869'6 878'6 868'4 875'2 6'4 876'0s 04:01P May 20 880'0 889'0 879'6 886'2 6'2 887'0s 04:01P Jul 20 892'2 900'6 891'4 898'2 5'6 898'6s 02:00P Aug 20 900'6 5'2 901'6s 05/24 @MW - HARD RED SPRING WHEAT - MGE Month Open High Low Last Change Close Time More Jul 19 534'2 551'0 534'2 548'2 13'6 548'0s 02:00P Sep 19 543'0 557'0 542'0 555'2 12'6 555'0s 02:00P Dec 19 555'6 567'6 555'6 566'0 11'0 566'0s 02:00P Mar 20 569'2 578'2 569'2 577'0 10'0 578'4s 02:00P May 20 584'4 585'4 584'4 585'0 9'0 586'2s 05/24 Jul 20 589'2 9'2 591'6s 05/24 Sep 20 587'0 588'6 587'0 588'6 9'4 591'4s 05/24 Dec 20 594'6 594'6 594'6 594'6 10'6 600'2s 05/24 Mar 21 600'6 8'0 600'6s 05/24 @KW - HARD RED WINTER WHEAT - KCBT Month Open High Low Last Change Close Time More Jul 19 424'0 444'0 421'6 443'2 16'6 442'0s 07:00P Sep 19 435'6 455'0 433'4 455'0 16'4 453'2s 06:43P Dec 19 458'2 476'4 456'2 476'4 16'6 475'4s 02:00P Mar 20 480'2 498'0 478'2 498'0 16'2 496'6s 05/24 May 20 495'4 510'6 495'4 510'6 15'0 510'0s 05/24 Jul 20 503'0 518'0 503'0 518'0 14'0 516'6s 02:00P Sep 20 518'4 529'6 518'4 529'0 12'4 529'2s 05/24 Dec 20 542'6 543'0 541'4 542'0 12'0 546'2s 05/24 Mar 21 534'0 12'0 559'2s 05/24 @W - WHEAT - CBOT Month Open High Low Last Change Close Time More Jul 19 469'6 490'6 467'2 490'2 19'2 489'4s 09:52P Sep 19 478'2 498'2 475'0 497'6 18'4 496'6s 02:00P Dec 19 491'6 511'2 489'2 511'0 17'2 509'6s 08:31P Mar 20 505'6 523'2 503'2 523'2 16'2 522'2s 07:00P May 20 512'2 528'6 511'4 528'6 16'0 528'4s 05/24 Jul 20 511'2 528'0 511'2 528'0 16'2 527'2s 02:00P Sep 20 527'4 531'2 527'4 531'2 15'2 533'6s 08:02P Dec 20 537'0 546'0 537'0 546'0 14'2 545'4s 04:55P Mar 21 546'0 14'2 554'6s 05/24 My Custom Markets Symbol Open High Low Last Change Close Time More