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
Tuesday, July 16, 2019, 7:45 a.m. – Yesterday was a poor negative day for our markets.  Harvest corn closed down 12 1/4, harvest soybeans closed down 11 1/2, harvest spring wheat closed down 11 3/4 and harvest winter wheat closed down 13 1/4.  In the overnight trade all of our markets remain on the negative side.  Oil closed down $0.63 yesterday at $59.58 per barrel.  It is stronger this morning with it now trading at $59.71 per barrel.  Our dollar had a high of $0.768 yesterday morning and has trended mostly down since that time.  This morning it is currently valued at $0.766 US.
Corn and soybeans were lower yesterday with the weather forecast moderating slightly over much of the Corn Belt.  This week’s forecast remains hot however the 10 day forecast is calling for an end to high temperatures with increased moisture expected.  This has alleviated some concerns on crop damage due to hot dry weather.
Yesterday the USDA released its weekly Crop Progress Report.  Their corn crop is now rated at 58% good to excellent.  This is up 1% from last week but still trails last year’s rating of 72% good to excellent.  With the delayed planting this year the crop is now only at 17% tassel.  This compares to 59% last year and the 5 year average of 42%.
The soybean crop is now rated at 54% good to excellent.  This is also up 1% from last week and remains behind last year’s rating of 69% good to excellent.  Currently only 22% of this crop is flowering.  This is well behind last year’s rate of 62% flowering and the 5 year average of 49%.
The winter wheat harvest increased by 10% over the last week up to 57% complete.  This remains behind last year’s 72% complete and the 5 year average of 71% complete.  The spring wheat crop is rated at 76% good to excellent.  This is down 2% from last week but still remains above last year’s rating of 70% good to excellent.

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 July 16
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Local Cash Bids
 
CORN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 spot  435'2s
-5'6
 Harvest 2019  441'2s
-5'6
 Harvest 2020  418'2s
-1'4

SOYBEANS
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  887'6s
-14'0
 Harvest 2019  906'0s
-14'0
 Harvest 2020  945'0s
-10'6

WHEAT, HRS + PROTEIN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Harvest 2019  530'2s
-2'2
 Harvest 2020  578'4s
-1'6

WHEAT, SRW
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Harvest 2019  507'4s
-0'2
 Harvest 2020  545'2s
-1'0

WHEAT, HRW + PROTEIN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Harvest 2019  507'4s
-0'2
 Harvest 2020  545'2s
-1'0

Price as of 07/16/19 03:29PM CDT.
Month Symbols
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Local Conditions
North Gower, ON
Chg Zip Code: 
Temp: 31oC Feels Like: 31oC
Humid: 55% Dew Pt: 21oC
Barom: 29.88 Wind Dir: SW
Cond: N/A Wind Spd: 30 km/h
Sunrise: 5:28 Sunset: 8:42
As reported at MASSENA, NY at 4:00 PM
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North Gower, ON
Chg Zip Code: 
 
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 19 437'6 440'6 429'0 435'4 -5'6 435'2s 03:01P Chart for @C9U
Dec 19 444'0 447'2 435'4 441'4 -5'6 441'2s 03:07P Chart for @C9Z
Mar 20 450'6 454'2 443'2 449'0 -5'2 448'4s 01:30P Chart for @C0H
May 20 453'2 456'6 446'4 452'2 -4'4 452'0s 01:30P Chart for @C0K
Jul 20 455'6 459'2 449'2 454'6 -3'6 455'0s 01:30P Chart for @C0N
Sep 20 424'0 424'6 419'6 424'2 -0'6 424'4s 01:30P Chart for @C0U
Dec 20 418'4 419'4 414'4 417'6 -1'4 418'2s 02:40P Chart for @C0Z
Mar 21 427'0 427'4 424'6 427'4 -2'2 427'2s 01:20P Chart for @C1H
May 21 433'4 433'4 431'0 433'0 -1'6 433'2s 01:20P Chart for @C1K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Aug 19 899'6 900'0 885'0 887'4 -14'0 887'6s 02:30P Chart for @S9Q
Sep 19 905'6 905'6 890'6 893'2 -14'0 893'6s 02:30P Chart for @S9U
Nov 19 918'0 918'2 902'4 905'4 -14'0 906'0s 02:38P Chart for @S9X
Jan 20 930'4 930'4 915'2 918'2 -13'4 918'6s 02:41P Chart for @S0F
Mar 20 938'0 938'0 924'4 927'2 -13'4 927'4s 01:30P Chart for @S0H
May 20 944'6 945'0 933'0 935'0 -12'4 936'0s 01:30P Chart for @S0K
Jul 20 953'4 953'4 941'0 943'6 -11'4 944'4s 03:11P Chart for @S0N
Aug 20 936'0 -11'6 946'4s 01:20P Chart for @S0Q
Sep 20 952'6 -11'2 943'6s 01:20P Chart for @S0U
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 19 531'2 534'2 529'6 530'2 -2'2 530'2s 02:57P Chart for @MW9U
Dec 19 545'0 547'4 543'2 544'0 -2'4 543'4s 01:31P Chart for @MW9Z
Mar 20 561'2 561'2 558'2 558'4 -2'6 558'0s 02:41P Chart for @MW0H
May 20 569'2 569'2 567'4 567'4 -2'4 566'6s 01:31P Chart for @MW0K
Jul 20 576'0 576'0 576'0 576'0 -2'4 574'2s 01:31P Chart for @MW0N
Sep 20 592'0 -1'6 578'4s 01:31P Chart for @MW0U
Dec 20 585'4 0'2 588'0s 01:31P Chart for @MW0Z
Mar 21 587'6 1'0 596'0s 01:31P Chart for @MW1H
May 21 Chart for @MW1K
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 19 449'2 451'6 442'2 446'2 -2'6 446'2s 02:37P Chart for @KW9U
Dec 19 469'4 471'2 462'4 466'0 -3'0 466'2s 02:32P Chart for @KW9Z
Mar 20 488'0 490'2 482'4 485'6 -2'6 486'0s 01:30P Chart for @KW0H
May 20 498'0 502'4 497'0 498'2 -2'6 498'2s 01:30P Chart for @KW0K
Jul 20 502'0 506'2 501'0 502'6 -2'0 503'0s 01:23P Chart for @KW0N
Sep 20 514'0 515'4 513'2 513'6 -2'2 513'6s 01:20P Chart for @KW0U
Dec 20 532'6 532'6 531'0 531'4 -3'2 531'2s 01:30P Chart for @KW0Z
Mar 21 570'2 -3'2 545'2s 01:30P Chart for @KW1H
May 21 560'0 -3'2 547'2s 01:20P Chart for @KW1K
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 19 507'6 510'0 501'0 507'4 -0'2 507'4s 02:35P Chart for @W9U
Dec 19 520'2 522'0 513'2 519'4 -0'6 519'2s 01:30P Chart for @W9Z
Mar 20 530'6 534'4 526'0 531'2 -1'4 531'4s 01:30P Chart for @W0H
May 20 534'6 540'2 532'2 538'0 -1'4 537'4s 02:30P Chart for @W0K
Jul 20 537'0 540'4 533'2 538'4 -1'4 538'2s 01:30P Chart for @W0N
Sep 20 543'4 546'2 540'0 545'4 -1'0 545'2s 01:20P Chart for @W0U
Dec 20 555'4 555'4 552'4 555'4 -1'4 555'6s 01:20P Chart for @W0Z
Mar 21 576'4 -1'4 564'0s 01:30P Chart for @W1H
May 21 560'2 -1'4 565'4s 01:20P Chart for @W1K
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