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, October 23, 2018, 7:05 a.m. – Yesterday was another mixed day for our markets.  Harvest corn closed up 2 1/2, harvest soybeans were up 1 3/4, spot winter wheat closed down 6 3/4 and spot spring wheat closed down 3 1/4.  In the overnight trading corn and winter wheat are positive, soybeans are negative and spring wheat is on both sides of the ledger.  Oil closed up $0.25 yesterday at $69.37 per barrel.  It is weaker this morning with it now trading at $68.33 per barrel.  Our dollar has traded within a small 20 basis points range over the last day.  It has stayed between $0.762 US and $0.764 US during this time.  This morning it is currently being valued at $0.763 US.
Row crop prices strengthened a little yesterday with not a lot happening in the market.  Corn was supported by continued strong export inspection reports.  They report volume that is 72% higher than last year.  Exports remain a strength in this market.
The weekly US Crop Progress Report was released yesterday.  Corn’s good to excellent rating of 68% remains unchanged from last week and still ahead of last year’s rating of 66% good to excellent.  The corn harvest is up to 10% this week to 49% complete.  This is just above the 5 year average of 47% complete.
Soybeans are now rated 66% good to excellent.  This is unchanged from last week and remains above last year’s rating of 61% good to excellent.  The harvest is now 53% complete which is up 15% from last week.  They still remain far behind the 5 year average of 69% complete and last year’s pace of 67% complete.
Winter wheat is now 72% planted.  This is up only 7% from last week and remains well behind the 5 year average rate of 77% planted.  Tis crop is reported with 53% of it emerged.  This is up 9% from last week and just behind the 5 year average of 55% emerged. 
In summarising the report we need to look at the effect of the favourable dry weather at the end of last week and through the weekend.  This has got the combines rolling again and harvest progress continues to be made.  This week we may see the soybean harvest catch up to 5 year averages.  Planting for the winter wheat crop should also progress well this week.
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 October 23
ICE Futures Canada Afternoon Comments Oct 22

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Local Cash Bids
 
CORN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Harvest 2018  369'6
0'2
 Harvest 2019  402'0
0'4

SOYBEANS
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Harvest 2018  857'2
-1'2
 Harvest 2019  920'4
0'4

WHEAT, HRS + PROTEIN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  585'2
-0'2
 Harvest 2019  613'6
1'0

WHEAT, SRW
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  507'6
-0'2
 Harvest 2019  557'0
-0'2

WHEAT, HRW + PROTEIN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  507'6
-0'2
 Harvest 2019  557'0
-0'2

Price as of 10/23/18 09:44AM CDT.
Month Symbols
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Local Conditions
North Gower, ON
Chg Zip Code: 
Temp: 5oC Feels Like: 2oC
Humid: 89% Dew Pt: 3oC
Barom: 30.06 Wind Dir: ENE
Cond: N/A Wind Spd: 15 km/h
Sunrise: 7:25 Sunset: 6:01
As reported at MASSENA, NY at 10:00 AM
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North Gower, ON
Chg Zip Code: 
 
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@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 18 369'2 371'0 368'0 369'6 0'2 369'4 09:34A Chart for @C8Z
Mar 19 381'4 383'0 380'2 381'6 0'0 381'6 09:34A Chart for @C9H
May 19 389'0 390'4 387'6 389'4 0'2 389'2 09:34A Chart for @C9K
Jul 19 394'6 396'2 393'4 395'2 0'4 394'6 09:34A Chart for @C9N
Sep 19 396'2 397'6 395'6 397'0 0'6 396'2 09:34A Chart for @C9U
Dec 19 401'4 402'6 400'4 402'0 0'4 401'4 09:34A Chart for @C9Z
Mar 20 410'2 411'6 410'0 410'6 0'4 410'2 09:34A Chart for @C0H
May 20 415'0 415'0 415'0 415'0 -0'6 415'6 09:34A Chart for @C0K
Jul 20 421'4 421'4 420'0 421'0 0'2 420'6 09:34A Chart for @C0N
@S - SOYBEANS - CBOT
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Nov 18 857'4 859'4 851'0 857'2 -1'2 858'4 09:34A Chart for @S8X
Jan 19 871'2 873'4 865'0 871'2 -1'2 872'4 09:34A Chart for @S9F
Mar 19 884'2 886'6 878'4 884'2 -1'4 885'6 09:34A Chart for @S9H
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Jul 19 909'0 911'2 903'0 909'4 -0'6 910'2 09:34A Chart for @S9N
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Jan 20 928'0 932'0 923'6 932'0 1'2 930'6 09:34A Chart for @S0F
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May 20 Chart for @MW0K
Jul 20 Chart for @MW0N
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Mar 19 534'0 534'6 528'2 531'6 -0'6 532'4 09:34A Chart for @KW9H
May 19 546'6 547'6 541'6 544'6 -1'2 546'0 09:34A Chart for @KW9K
Jul 19 553'4 554'0 548'4 551'6 -0'4 552'2 09:34A Chart for @KW9N
Sep 19 565'0 567'0 565'0 567'0 0'0 567'0 09:34A Chart for @KW9U
Dec 19 586'6 587'0 586'0 586'6 -1'2 588'0 09:34A Chart for @KW9Z
Mar 20 609'4 -5'4 600'2s 09:34A Chart for @KW0H
May 20 621'4 -5'2 602'6s 09:29A Chart for @KW0K
Jul 20 607'6 -5'0 593'6s 09:34A Chart for @KW0N
@W - WHEAT - CBOT
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Dec 18 508'0 511'0 505'6 507'6 -0'2 508'0 09:34A Chart for @W8Z
Mar 19 528'2 530'4 525'4 527'2 -0'2 527'4 09:34A Chart for @W9H
May 19 540'6 543'2 538'2 540'4 0'2 540'2 09:34A Chart for @W9K
Jul 19 546'6 549'4 544'6 546'6 0'2 546'4 09:34A Chart for @W9N
Sep 19 557'4 560'0 555'4 557'0 -0'2 557'2 09:34A Chart for @W9U
Dec 19 572'2 574'6 570'4 572'2 0'0 572'2 09:34A Chart for @W9Z
Mar 20 582'4 582'4 582'0 582'0 -1'2 583'2 09:34A Chart for @W0H
May 20 593'0 -5'0 589'0s 09:34A Chart for @W0K
Jul 20 582'6 585'0 582'6 585'0 0'0 585'0 09:33A Chart for @W0N
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