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, 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


Local Cash Bids
 
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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Local Conditions
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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Local Radar
North Gower, ON
Chg Zip Code: 
 
Local Temps
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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 Chart for @C9N
Sep 19 399'2 413'0 398'2 413'0 14'0 412'4s 08:45P Chart for @C9U
Dec 19 408'0 420'0 407'4 420'0 11'6 419'6s 09:51P Chart for @C9Z
Mar 20 419'2 429'6 418'6 429'2 10'0 429'2s 07:00P Chart for @C0H
May 20 423'6 432'6 423'6 432'6 8'6 432'2s 06:15P Chart for @C0K
Jul 20 427'4 435'0 427'2 435'0 7'0 434'4s 02:00P Chart for @C0N
Sep 20 411'6 413'4 410'2 413'4 2'0 412'6s 07:00P Chart for @C0U
Dec 20 412'4 415'2 411'4 413'6 1'2 414'0s 07:00P Chart for @C0Z
Mar 21 420'2 424'0 419'2 422'0 1'0 421'6s 02:00P Chart for @C1H
@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 Chart for @S9N
Aug 19 828'0 838'2 827'0 836'2 8'2 836'4s 07:58P Chart for @S9Q
Sep 19 835'2 845'0 834'0 843'0 8'2 843'4s 02:00P Chart for @S9U
Nov 19 847'4 858'0 846'4 855'4 8'0 856'2s 07:00P Chart for @S9X
Jan 20 861'2 870'0 858'6 867'2 8'0 868'2s 02:00P Chart for @S0F
Mar 20 869'6 878'6 868'4 875'2 6'4 876'0s 04:01P Chart for @S0H
May 20 880'0 889'0 879'6 886'2 6'2 887'0s 04:01P Chart for @S0K
Jul 20 892'2 900'6 891'4 898'2 5'6 898'6s 02:00P Chart for @S0N
Aug 20 900'6 5'2 901'6s 05/24 Chart for @S0Q
@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 Chart for @MW9N
Sep 19 543'0 557'0 542'0 555'2 12'6 555'0s 02:00P Chart for @MW9U
Dec 19 555'6 567'6 555'6 566'0 11'0 566'0s 02:00P Chart for @MW9Z
Mar 20 569'2 578'2 569'2 577'0 10'0 578'4s 02:00P Chart for @MW0H
May 20 584'4 585'4 584'4 585'0 9'0 586'2s 05/24 Chart for @MW0K
Jul 20 589'2 9'2 591'6s 05/24 Chart for @MW0N
Sep 20 587'0 588'6 587'0 588'6 9'4 591'4s 05/24 Chart for @MW0U
Dec 20 594'6 594'6 594'6 594'6 10'6 600'2s 05/24 Chart for @MW0Z
Mar 21 600'6 8'0 600'6s 05/24 Chart for @MW1H
@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 Chart for @KW9N
Sep 19 435'6 455'0 433'4 455'0 16'4 453'2s 06:43P Chart for @KW9U
Dec 19 458'2 476'4 456'2 476'4 16'6 475'4s 02:00P Chart for @KW9Z
Mar 20 480'2 498'0 478'2 498'0 16'2 496'6s 05/24 Chart for @KW0H
May 20 495'4 510'6 495'4 510'6 15'0 510'0s 05/24 Chart for @KW0K
Jul 20 503'0 518'0 503'0 518'0 14'0 516'6s 02:00P Chart for @KW0N
Sep 20 518'4 529'6 518'4 529'0 12'4 529'2s 05/24 Chart for @KW0U
Dec 20 542'6 543'0 541'4 542'0 12'0 546'2s 05/24 Chart for @KW0Z
Mar 21 534'0 12'0 559'2s 05/24 Chart for @KW1H
@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 Chart for @W9N
Sep 19 478'2 498'2 475'0 497'6 18'4 496'6s 02:00P Chart for @W9U
Dec 19 491'6 511'2 489'2 511'0 17'2 509'6s 08:31P Chart for @W9Z
Mar 20 505'6 523'2 503'2 523'2 16'2 522'2s 07:00P Chart for @W0H
May 20 512'2 528'6 511'4 528'6 16'0 528'4s 05/24 Chart for @W0K
Jul 20 511'2 528'0 511'2 528'0 16'2 527'2s 02:00P Chart for @W0N
Sep 20 527'4 531'2 527'4 531'2 15'2 533'6s 08:02P Chart for @W0U
Dec 20 537'0 546'0 537'0 546'0 14'2 545'4s 04:55P Chart for @W0Z
Mar 21 546'0 14'2 554'6s 05/24 Chart for @W1H
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