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	Daily News
	Wednesday, October 16, 2019, 6:45 a.m. – Yesterday was a negative day for our markets.  Harvest corn closed down 4 1/2, harvest soybeans closed down 6 1/2, spot spring wheat was down 6 1/2 and spot winter wheat was down 4.  In the overnight trading all of our markets are still negative.  Oil closed down $0.78 yesterday at $52.81 per barrel.  It is stronger this morning with it now sitting at $53.11 per barrel.  Our dollar has traded within a 20 basis points range over the last 24 hours.  It had a low early yesterday of $0.756 US and a high later in the day of $0.758 US.  This morning it is currently valued right in the middle of the range at $0.757 US.  Lots of different reports coming out of China yesterday about the potential Phase 1 trade deal.  First it was that many details needed to be ironed out before any deal could be finalised.  Then a report that they confirmed basically what the American side was saying that a structure of a deal was agreed upon.  Then reports that the deal would be contingent on the US getting rid of some of the current tariffs in place not just making sure no further increases took place.  With all of this different talk the market is reacting like no deal is in place or will be very soon. Yesterday in the US the weekly Crop Progress Report was released.  The good to excellent rating for corn decreased by 1% from last week to sit at 55%.  Only 73% of this crop is reported as mature.  This is up 15% from last week but remains well behind the 5 year average of 92% mature.  Corn harvested increased by 7% to sit at 22%.  This is well behind the 5 year average of 36% harvested. The good to excellent rating for the soybean crop increased by 1% from last week to now sit at 55%.  They report that 85% of their crop is now mature and is dropping leaves.  This is up from 72% last week and remains well behind the 5 year average of 93% dropping leaves.  The soybean harvest increased by 12% from last week with it now reported as 26% complete.  The 5 year average for harvest is much higher at 49% complete.  The spring wheat harvest is slowly nearing completion with it reported now being at 94% complete.  This is up 3% from last week but remains behind the 100% 5 year average.  Winter wheat planting is reported at 65% complete which is the same as their 5 year average.  41% of this crop is now emerged which is right in line with the 5 year average of 40% emerged. With the good to excellent ratings for corn and soybeans remaining very close to last week it looks like the effects of the winter storm over the Dakota’s and surrounding areas was not taken into account.  This may show up in next week’s report.  Harvest progress remains behind however this should increase this week with some harvest friendly weather.     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 Oct 16
	ICE Futures Canada Afternoon Comments Oct 16

	DTN Blogs & Forums
	DTN Market Matters Blog US Surface Transportation Board Addresses Demurrage Rules, Charges DTN Weekly DDG Price Higher on Average 2019 U.S Spring Wheat and Durum Harvest: The Good, the Bad, the Ugly Technically Speaking Grain Rallies in Focus Chart Analysis: US Corn, Soybean and KC Wheat Futures Livestock Rallies Press On Fundamentally Speaking USDA Soybean Pod Weight Questioned Possible Revisions to Sept. WASDE Percent Yield Differences for Top Corn States DTN Ag Policy Blog Questions Over SNAP Cuts and School Lunches Rubio, Menendez Seek Probe of JBS Meat Industry Litigation Over Swine Rules, California Law Minding Ag's Business The Recipe Is In the Soup Stocks Surprise and Residual Reflections 2019 Puts Yield Models to the Test DTN Ag Weather Forum Crop Weather -- After the Snow Harvest Considerations for Freeze-Killed Corn and Soybean Fields Unsettled Weather Pattern to Continue DTN Ethanol Blog Governors Ask Trump to Take Executive Actions on Biofuels Biodiesel Industry Wants Meeting With Commerce on Argentine Imports Decision State Corn Grower Leaders Urge Trump to Uphold Commitment to Farmers DTN Production Blog Find Your Own Bean Recipe Don't Feed the Nematodes Weed Warriors Battle Harrington's Sort & Cull Two Cheers for the Trade Deals With Japan and China Born for the Livestock Industry Looking for Fair Cattle Markets South America Calling Agribusiness Giant Caught in Debate Over Agriculture's Role in Deforestation Brazil Raises US Ethanol Quota, Leaves Tariff in Place China Investing in Brazil Ag An Urban’s Rural View Two Cheers for the Trade Deals With Japan and China The Coming Meatless Burger Showdown Some Negative Thoughts About Negative Interest Rates Machinery Chatter Deere Announces Four-Track 8RX Tractor is Coming at Dealer Event in Spain Historic Heritage-Shaped Roxor Agritechnica Gives Innovation Awards Canadian Markets Weather Hampers the Manitoba Harvest Spring Wheat Consolidates Prairie Harvest Ranges from Slow to Full-Stop Editor’s Notebook New Livestock Analyst Webinars on Tap Letter From a Summer Intern

	Local Cash Bids
	loading... CORN   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Harvest 2019  391'6s -1'4  Harvest 2020  408'4s -0'2 SOYBEANS   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Harvest 2019  928'0s -6'0  Harvest 2020  970'0s -2'4 WHEAT, HRS + PROTEIN   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Spot  550'4s 5'0  Harvest 2020  586'4s 2'0 WHEAT, SRW   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Spot  513'2s 6'2  Harvest 2020  532'4s 3'6 WHEAT, HRW + PROTEIN   North Gower Grains Futures Price Basis Cash Price Converted Price Futures Change  Spot  513'2s 6'2  Harvest 2020  532'4s 3'6
	Price as of 10/16/19 05:55PM CDT. Month Symbols
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	This Day In History
	October 16, 1551 English Edward Seymour duke of Somerset re-arrested more info

	Local Conditions
	North Gower, ON Chg Zip Code:  Temp: 14oC Feels Like: 14oC Humid: 74% Dew Pt: 9oC Barom: 29.59 Wind Dir: ESE Cond: N/A Wind Spd: 9 km/h Sunrise: 7:16 Sunset: 6:13 As reported at MASSENA, NY at 6:00 PM
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	North Gower, ON
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	Futures
	@C - CORN - CBOT Month Open High Low Last Change Close Time More Dec 19 392'0 392'6 387'4 392'2 -1'4 391'6s 05:43P Mar 20 403'0 404'0 399'0 403'4 -0'6 403'4s 05:40P May 20 409'4 410'2 405'6 410'0 -0'6 409'6s 05:09P Jul 20 413'6 415'2 410'6 414'4 -0'4 414'6s 05:33P Sep 20 405'0 406'6 403'2 405'4 -1'0 405'2s 05:33P Dec 20 408'2 409'6 406'4 408'6 -0'2 408'4s 03:04P Mar 21 418'0 418'6 416'2 417'4 0'0 418'0s 01:30P May 21 422'0 422'6 422'0 422'6 -0'2 423'0s 04:55P Jul 21 427'0 427'0 424'6 425'2 0'0 426'2s 01:20P @S - SOYBEANS - CBOT Month Open High Low Last Change Close Time More Nov 19 933'0 938'6 927'4 928'4 -6'0 928'0s 05:21P Jan 20 946'6 952'6 941'6 942'6 -6'2 942'2s 05:41P Mar 20 957'0 963'4 953'4 955'0 -4'6 954'4s 04:58P May 20 966'0 971'6 962'2 963'2 -3'6 963'2s 04:48P Jul 20 975'0 980'6 971'0 972'4 -4'0 972'2s 05:09P Aug 20 978'4 982'6 973'6 976'0 -4'0 975'0s 05:17P Sep 20 974'0 977'0 970'2 970'2 -3'6 970'4s 01:30P Nov 20 971'6 976'6 969'4 970'4 -2'4 970'0s 05:33P Jan 21 975'6 977'4 973'2 974'6 -2'0 972'6s 01:30P @MW - HARD RED SPRING WHEAT - MGE Month Open High Low Last Change Close Time More Dec 19 544'4 552'0 543'4 551'0 5'0 550'4s 05:09P Mar 20 558'6 565'4 557'6 565'4 4'6 564'2s 05:02P May 20 568'4 573'2 567'0 573'2 4'2 573'2s 01:31P Jul 20 575'0 580'0 575'0 580'0 2'6 579'6s 01:31P Sep 20 582'0 584'4 582'0 584'4 2'0 586'4s 03:46P Dec 20 594'0 594'0 594'0 594'0 2'2 597'4s 01:31P Mar 21 603'0 1'2 605'6s 01:31P May 21 605'0 1'0 607'2s 01:31P Jul 21 @KW - HARD RED WINTER WHEAT - KCBT Month Open High Low Last Change Close Time More Dec 19 420'0 425'6 417'4 425'4 3'6 425'0s 05:38P Mar 20 432'2 438'2 430'4 438'2 3'4 437'6s 02:39P May 20 442'4 447'2 440'0 447'2 2'6 446'6s 04:45P Jul 20 451'4 456'0 449'0 455'6 2'2 455'4s 01:30P Sep 20 462'6 465'4 459'6 465'4 2'0 465'4s 01:20P Dec 20 476'4 479'2 473'6 479'2 1'6 479'2s 01:20P Mar 21 488'0 489'4 488'0 489'4 1'6 491'4s 01:20P May 21 495'6 495'6 495'6 495'6 1'4 498'2s 01:20P Jul 21 500'0 0'2 499'0s 01:20P @W - WHEAT - CBOT Month Open High Low Last Change Close Time More Dec 19 505'6 514'2 504'4 514'2 6'2 513'2s 05:16P Mar 20 512'0 519'0 510'6 519'0 5'0 518'2s 05:33P May 20 518'0 523'2 515'4 523'2 4'6 523'0s 03:51P Jul 20 521'2 526'4 519'2 526'4 4'0 526'2s 04:58P Sep 20 527'4 532'4 526'4 532'4 3'6 532'4s 05:33P Dec 20 539'0 543'0 537'2 542'6 3'4 543'2s 05:04P Mar 21 548'2 549'2 547'4 549'2 3'2 550'4s 01:20P May 21 545'6 545'6 545'6 545'6 2'2 550'0s 01:20P Jul 21 537'0 537'6 537'0 537'2 2'0 542'0s 01:20P My Custom Markets Symbol Open High Low Last Change Close Time More