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

Thursday, April 25, 2019, 6:55 a.m. – Yesterday was a poor negative day for our markets.  Spot corn closed down 4 1/2, spot soybeans were down 6 3/4, spot spring wheat was down 8 and spot winter wheat was down 6 1/2.  In the overnight trade corn and winter wheat are still negative while soybeans and spring wheat are back on the positive side.  Oil closed down $0.41 yesterday at $65.89 per barrel.  It is stronger this morning with it now trading at $66.25 per barrel.  Our dollar started out yesterday morning at $0.745 US and then went down fast to $0.740 US when the Bank of Canada announced that it would be holding their overnight rate at its current level.  After this it quickly jumped back up 30 basis points to $0.743 US.  For the rest of the day it trended weaker against the US currency much like most other major currencies.  This downward trend has continued through the overnight session and our dollar is currently valued at $0.740 US. 
Our markets keep hitting new contract lows on the respective trading floors.  Wheat prices are lower in both the US and Europe with larger projected world supplies keeping an anchor on prices for this market. 
Corn prices should possibly be getting some strength from the current weather situation in the US.  The 10 day forecast has above normal precipitation for most of the Corn Belt.  This forecast plus the wet weather that has already occurred should result in corn plantings being delayed.  However, the market has not currently built in any weather premium and seems to be waiting to actually see what occurs with plantings before it responds. 
On the trade front U.S. Trade Representative Lighthizer and Treasury Secretary Mnuchin are scheduled to travel to Beijing next week to resume trade talks with China.  There seems to be some optimism that a trade agreement can be signed in the coming weeks.  As always though the market will not respond until this actually occurs.
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 April 25
ICE Futures Canada Afternoon Comments Apr 25

DTN Blogs & Forums


Local Cash Bids
 
CORN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 spot  348'0
0'4
 Harvest 2019  377'0
-0'2
 Harvest 2020  408'2
-0'2

SOYBEANS
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  854'4
-4'6
 Harvest 2019  888'4
-4'6
 Harvest 2020  933'6
-0'2

WHEAT, HRS + PROTEIN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  504'2
-0'6
 Harvest 2019  523'0
0'0

WHEAT, SRW
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  433'4
-1'2
 Harvest 2019  447'4
-1'6

WHEAT, HRW + PROTEIN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  433'4
-1'2
 Harvest 2019  447'4
-1'6

Price as of 04/26/19 01:42AM CDT.
Month Symbols
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Local Conditions
North Gower, ON
Chg Zip Code: 
Temp: 7oC Feels Like: 6oC
Humid: 77% Dew Pt: 3oC
Barom: 29.83 Wind Dir: ENE
Cond: N/A Wind Spd: 7 km/h
Sunrise: 5:56 Sunset: 7:58
As reported at MASSENA, NY at 2:00 AM
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Local Radar
North Gower, ON
Chg Zip Code: 
 
Local Temps
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DTN Webinars

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 19 347'2 348'6 347'0 348'0 0'4 347'4 01:30A Chart for @C9K
Jul 19 357'0 358'4 356'6 357'2 0'0 357'2 01:30A Chart for @C9N
Sep 19 365'2 366'4 365'0 365'6 0'2 365'4 01:30A Chart for @C9U
Dec 19 377'0 378'2 376'4 377'0 -0'2 377'2 01:30A Chart for @C9Z
Mar 20 392'0 393'2 391'6 392'4 0'0 392'4 01:30A Chart for @C0H
May 20 401'6 402'0 401'4 401'6 0'0 401'6 01:30A Chart for @C0K
Jul 20 409'0 409'4 409'0 409'0 -0'2 409'2 01:30A Chart for @C0N
Sep 20 404'0 404'4 404'0 404'4 -0'2 404'6 01:30A Chart for @C0U
Dec 20 408'2 408'4 407'4 408'2 -0'2 408'4 01:30A Chart for @C0Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 19 858'4 859'2 854'4 854'4 -4'6 859'2 01:30A Chart for @S9K
Jul 19 872'0 873'0 867'4 867'6 -5'0 872'6 01:30A Chart for @S9N
Aug 19 878'0 878'4 874'0 874'0 -4'6 878'6 01:30A Chart for @S9Q
Sep 19 883'4 883'4 879'4 879'4 -4'4 884'0 01:30A Chart for @S9U
Nov 19 892'6 893'2 888'4 888'4 -4'6 893'2 01:30A Chart for @S9X
Jan 20 902'6 903'6 899'0 899'0 -4'6 903'6 01:30A Chart for @S0F
Mar 20 911'4 911'4 907'2 907'2 -4'6 912'0 01:30A Chart for @S0H
May 20 918'6 919'6 918'6 919'6 -0'2 920'0 01:30A Chart for @S0K
Jul 20 926'2 926'2 925'2 925'2 -4'4 929'6 01:30A Chart for @S0N
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
May 19 505'0 506'2 504'2 504'2 -0'6 505'0 01:05A Chart for @MW9K
Jul 19 513'6 514'4 513'0 513'0 -0'6 513'6 01:28A Chart for @MW9N
Sep 19 523'0 524'0 523'0 523'0 0'0 523'0 01:28A Chart for @MW9U
Dec 19 538'0 541'0 536'2 538'4 1'6 538'2s 01:28A Chart for @MW9Z
Mar 20 552'2 555'0 551'0 555'0 1'4 553'0s 01:28A Chart for @MW0H
May 20 561'4 561'4 560'6 560'6 0'6 561'6s 01:25A Chart for @MW0K
Jul 20 570'0 570'0 570'0 570'0 0'2 569'6 12:42A Chart for @MW0N
Sep 20 572'4 578'0 572'4 575'2 -1'4 576'2s 04/25 Chart for @MW0U
Dec 20 584'6 584'6 584'6 584'6 -4'0 586'2s 04/25 Chart for @MW0Z
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
May 19 405'0 406'4 404'0 404'0 -0'2 404'2 01:30A Chart for @KW9K
Jul 19 411'4 413'4 410'2 410'4 -1'0 411'4 01:30A Chart for @KW9N
Sep 19 422'4 422'6 420'4 420'6 -0'4 421'2 01:30A Chart for @KW9U
Dec 19 443'4 443'4 442'4 442'4 0'0 442'4 01:30A Chart for @KW9Z
Mar 20 463'6 466'2 461'4 463'2 -0'2 463'6s 01:30A Chart for @KW0H
May 20 478'0 479'4 475'6 477'6 -0'2 478'0s 01:25A Chart for @KW0K
Jul 20 490'2 492'0 487'2 491'2 -0'2 490'2s 01:25A Chart for @KW0N
Sep 20 505'2 507'6 505'2 506'6 0'0 505'2s 01:25A Chart for @KW0U
Dec 20 524'2 528'6 524'2 526'0 0'2 523'0s 01:25A Chart for @KW0Z
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 19 433'4 436'2 433'4 433'4 -1'2 434'6 01:30A Chart for @W9K
Jul 19 439'6 443'0 439'6 440'0 -1'4 441'4 01:30A Chart for @W9N
Sep 19 449'2 450'6 447'4 447'4 -1'6 449'2 01:30A Chart for @W9U
Dec 19 465'6 467'4 464'4 464'4 -1'4 466'0 01:25A Chart for @W9Z
Mar 20 482'0 483'6 480'4 480'4 -1'4 482'0 01:30A Chart for @W0H
May 20 492'2 492'2 492'2 492'2 0'4 491'6 01:30A Chart for @W0K
Jul 20 494'0 498'2 490'4 496'2 2'4 496'6s 01:25A Chart for @W0N
Sep 20 502'0 504'2 501'6 504'0 2'0 504'0s 01:25A Chart for @W0U
Dec 20 517'0 517'0 517'0 517'0 -0'6 517'6 01:25A Chart for @W0Z
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