With the postal strike taking place this is a great time to set up direct deposit. Just click on the 'Sign up for direct deposit' and follow the steps.
Tuesday, December 3, 2024, 7:40 am – Monday was a negative day for our markets. Harvest corn closed down 1/4, spot soybeans closed down 4 1/4, spot winter wheat closed down 3/4 and spot spring wheat closed up 4. In the overnight trade all of our markets are back on the positive side. Oil closed up $0.10 yesterday at $68.10 per barrel. It is stronger in trading again this morning with it now valued at $68.96 per barrel. Our dollar had a low yesterday morning before noon of $0.710 US and a high in the overnight trade of $0.714 US. It has eased back since then with it currently valued this morning at $0.712 US. Weather in South America remains in the news. Unfortunately for our commodities the favourable weather for crop growth is resulting in even higher projections for the current crops. More and more firms are adjusting their projections up for both corn and soybeans. The market is trading with the assumption that a record crop will be produced and it will stay that way until something happens to counter this. It is very interesting how the marketplace will just assume that the favourable weather will continue for months on end. I was thinking that the markets had some reasons to go higher yesterday but of course they did not. This morning is starting out like a good old fashioned ‘Turnaround Tuesday’. Hopefully the markets can sustain the positive vibes from this morning for the whole day.
Geoffrey Guy | 613-880-2707
Delores Seiter | 613-880-7458 Bob Orr | 613-720-1271
