Episode 13 of Grains Matter Chatter is now live. JUST A FRIENDLY REMINDER MASKS OUR REQUIRED WHEN ENTERING OUR OFFICE Note: Anybody with wheat to deliver please call. We will not be receiving wheat after Wednesday, September 23, 2020. We can arrange direct shipments after that time. Friday, September 18, 2020, 6:55 a.m. – Yesterday was another nice positive day for our markets. Harvest corn closed up 3 1/2, harvest soybeans closed up 17 1/4, spot spring wheat closed up 10 and spot winter wheat closed up 14 1/4. In the overnight trade all of our markets remain on the positive side. Oil closed up $0.81 yesterday at $40.97 per barrel. It is stronger in trading again this morning with it now sitting at $41.16 per barrel. Our dollar had a low yesterday morning of $0.756 US and a high early in the evening of $0.761 US. It has backed off just a bit since then with it currently valued at $0.760 US. Our markets were higher again yesterday and were fueled by the 10th consecutive day of export sale announcements on the soybean side. Soybeans hit a new high on the CBOT for this harvest year and also at our elevator. A sale announcement was made yesterday in the corn market which kept the corn market positive. Soybean oil was a star in the soybean complex until recently when soybean meal has also risen in price. Over the last 6 weeks soybean meal has come from a 4 year low in price to rise up to challenge last year’s high in price. This increase has been spurred by continued demand in the US and of course how demand in China has changed soybean prices. Wheat prices are being helped with thoughts that this year’s winter wheat crop in the US is mostly being planted in drier then optimal conditions. The drought monitor in the US reports that soil moisture levels are considered low and it is felt that this will hurt this year’s winter wheat crop. Friday’s thought: When you are sanitizing and wiping everything down, be sure to wipe hatred out of your heart. That is also a virus. Have a great weekend.
Please call Geoffrey Guy at 613-880-2707 or Bob Orr at 613-720-1271 or Delores Foster at 613-880-7458 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