Elevator Address

2518 Lockhead Rd
North Gower, ON
K0A 2T0
 



Contact Info:
1-855-SOY-CORN(769-2676)
Office: 613-489-0956
Fax: 613-489-0957
info@northgowergrains.com


Daily News
Just a quick reminder that we continue to accept low graded corn.      
Thursday, January 23, 2020, 7:50 a.m. – Yesterday was a mostly negative day for our markets.  Spot corn closed up 1 1/4, spot soybeans closed down 2 1/4, harvest 2020 spring wheat closed down 6 3/4 and harvest 2020 winter wheat closed down 3 3/4.  In the overnight trade corn and the wheat complex are positive with soybeans still on the negative side.  Our dollar had a high yesterday morning of $0.767 US and then went sharply down to trade most of the day at about $0.761 US.  This morning it is a bit lower with it currently valued at $0.760 US.
Yesterday the Bank of Canada announced that they are holding the overnight lending rate at 1.75%.  This was expected however they released a statement saying that the economy is going slower than previously expected.  This trend is expected to stay in place for next year and as such our dollar weakened on this news.  It looks like interest rate cuts may be required earlier than previously expected to help stimulate the Canadian economy.
Our markets all closed much below their daily highs yesterday.  This was very disappointing especially in the wheat market as the CBOT wheat had reached a 15 month high before it fell to close almost 15 cents lower than the high for the day.  The CBOT has rallied $1.34 per bushel since the low back in early September.  We wrote yesterday about some of the reasons for the recent strength in the wheat market.  Remember however that the elephant in the room is that the world remains well supplied in wheat.  This strong supply will place a lid on the current rally in prices, just where that lid will be is yet to be seen. 
Please call Geoffrey Guy at 613-880-2707 or Bob Orr at 613-720-1271 if you would like prices for crop you have stored on your farm.  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 Jan 23
ICE Futures Canada Afternoon Comments Jan 22

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Local Cash Bids
 
CORN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  388'2
-0'4
 Harvest 2020  400'0
-0'6

SOYBEANS
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  909'6
-4'0
 Harvest 2020  945'6
-4'4

WHEAT, HRS + PROTEIN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  557'4
2'0
 Harvest 2020  582'2
2'2

WHEAT, SRW
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  578'2
0'4
 Harvest 2020  581'4
-0'2

WHEAT, HRW + PROTEIN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  578'2
0'4
 Harvest 2020  581'4
-0'2

Price as of 01/23/20 07:46AM CST.
Month Symbols
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This Day In History
January 23, 1779
Charles Messier catalogs M56 (globular cluster in Lyra)

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Local Conditions
North Gower, ON
Chg Zip Code: 
Temp: -3oC Feels Like: -6oC
Humid: 55% Dew Pt: -11oC
Barom: 30.33 Wind Dir: SW
Cond: N/A Wind Spd: 7 km/h
Sunrise: 7:28 Sunset: 4:54
As reported at MASSENA, NY at 8:00 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
Mar 20 388'4 389'6 387'6 388'2 -0'4 388'6 07:35A Chart for @C0H
May 20 394'0 395'0 393'0 393'2 -1'0 394'2 07:35A Chart for @C0K
Jul 20 398'4 399'6 397'6 398'2 -1'0 399'2 07:35A Chart for @C0N
Sep 20 397'4 398'4 396'6 397'0 -1'0 398'0 07:35A Chart for @C0U
Dec 20 400'0 401'0 399'4 400'0 -0'6 400'6 07:35A Chart for @C0Z
Mar 21 409'6 410'4 409'6 410'4 0'0 410'4 07:35A Chart for @C1H
May 21 414'0 414'2 413'6 414'2 -0'2 414'4 07:35A Chart for @C1K
Jul 21 416'4 416'6 416'2 416'6 0'0 416'6 07:35A Chart for @C1N
Sep 21 409'0 -1'0 408'2s 07:33A Chart for @C1U
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Mar 20 914'0 914'6 908'2 909'6 -4'0 913'6 07:35A Chart for @S0H
May 20 927'4 928'2 921'6 923'2 -4'2 927'4 07:35A Chart for @S0K
Jul 20 941'0 941'6 935'6 937'0 -4'2 941'2 07:35A Chart for @S0N
Aug 20 946'2 946'4 941'0 941'4 -4'4 946'0 07:35A Chart for @S0Q
Sep 20 946'0 946'0 940'2 941'0 -4'6 945'6 07:35A Chart for @S0U
Nov 20 950'0 950'0 944'6 945'6 -4'4 950'2 07:35A Chart for @S0X
Jan 21 953'6 954'2 949'2 950'0 -4'4 954'4 07:35A Chart for @S1F
Mar 21 943'6 943'6 941'2 942'0 -3'4 945'4 07:35A Chart for @S1H
May 21 943'0 943'0 941'6 941'6 -3'4 945'2 07:35A Chart for @S1K
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Mar 20 554'2 560'4 552'6 557'4 2'0 555'4 07:34A Chart for @MW0H
May 20 563'2 570'0 562'2 567'0 2'0 565'0 07:34A Chart for @MW0K
Jul 20 569'4 574'6 569'4 573'2 1'2 572'0 07:34A Chart for @MW0N
Sep 20 577'2 582'2 577'2 582'2 2'2 580'0 07:34A Chart for @MW0U
Dec 20 589'2 594'6 589'0 592'2 1'6 590'4 07:34A Chart for @MW0Z
Mar 21 605'0 605'0 605'0 605'0 4'0 601'0 07:34A Chart for @MW1H
May 21 609'6 -5'4 606'4s 07:34A Chart for @MW1K
Jul 21 Chart for @MW1N
Sep 21 Chart for @MW1U
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Mar 20 492'4 496'2 490'0 492'0 -0'4 492'4 07:35A Chart for @KW0H
May 20 500'0 503'4 497'6 499'2 -0'4 499'6 07:35A Chart for @KW0K
Jul 20 507'0 510'2 504'6 506'2 -0'6 507'0 07:35A Chart for @KW0N
Sep 20 513'6 517'2 512'4 513'4 -1'2 514'6 07:35A Chart for @KW0U
Dec 20 525'0 527'2 523'0 524'0 -1'0 525'0 07:35A Chart for @KW0Z
Mar 21 541'4 545'0 534'4 535'6 -7'6 535'2s 07:35A Chart for @KW1H
May 21 540'6 -8'0 535'4s 07:31A Chart for @KW1K
Jul 21 537'4 -8'6 528'6s 07:28A Chart for @KW1N
Sep 21 499'6 -9'0 532'2s 01/22 Chart for @KW1U
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 20 577'6 582'4 576'0 578'2 0'4 577'6 07:35A Chart for @W0H
May 20 577'0 581'2 575'4 577'2 0'0 577'2 07:35A Chart for @W0K
Jul 20 576'0 580'2 575'0 576'6 0'0 576'6 07:35A Chart for @W0N
Sep 20 581'0 585'0 579'6 581'4 -0'2 581'6 07:35A Chart for @W0U
Dec 20 589'6 592'4 587'6 589'4 -0'2 589'6 07:35A Chart for @W0Z
Mar 21 595'2 597'6 595'0 596'2 -0'4 596'6 07:35A Chart for @W1H
May 21 591'0 593'0 590'0 590'0 -0'4 590'4 07:35A Chart for @W1K
Jul 21 567'6 573'0 567'6 569'0 -1'4 570'4 07:34A Chart for @W1N
Sep 21 572'0 572'0 572'0 572'0 -0'4 572'4 07:34A Chart for @W1U
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