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
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
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Local Cash Bids
 
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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October 16, 1551
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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
Chg Zip Code: 
 
Local Temps
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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 Chart for @C9Z
Mar 20 403'0 404'0 399'0 403'4 -0'6 403'4s 05:40P Chart for @C0H
May 20 409'4 410'2 405'6 410'0 -0'6 409'6s 05:09P Chart for @C0K
Jul 20 413'6 415'2 410'6 414'4 -0'4 414'6s 05:33P Chart for @C0N
Sep 20 405'0 406'6 403'2 405'4 -1'0 405'2s 05:33P Chart for @C0U
Dec 20 408'2 409'6 406'4 408'6 -0'2 408'4s 03:04P Chart for @C0Z
Mar 21 418'0 418'6 416'2 417'4 0'0 418'0s 01:30P Chart for @C1H
May 21 422'0 422'6 422'0 422'6 -0'2 423'0s 04:55P Chart for @C1K
Jul 21 427'0 427'0 424'6 425'2 0'0 426'2s 01:20P Chart for @C1N
@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 Chart for @S9X
Jan 20 946'6 952'6 941'6 942'6 -6'2 942'2s 05:41P Chart for @S0F
Mar 20 957'0 963'4 953'4 955'0 -4'6 954'4s 04:58P Chart for @S0H
May 20 966'0 971'6 962'2 963'2 -3'6 963'2s 04:48P Chart for @S0K
Jul 20 975'0 980'6 971'0 972'4 -4'0 972'2s 05:09P Chart for @S0N
Aug 20 978'4 982'6 973'6 976'0 -4'0 975'0s 05:17P Chart for @S0Q
Sep 20 974'0 977'0 970'2 970'2 -3'6 970'4s 01:30P Chart for @S0U
Nov 20 971'6 976'6 969'4 970'4 -2'4 970'0s 05:33P Chart for @S0X
Jan 21 975'6 977'4 973'2 974'6 -2'0 972'6s 01:30P Chart for @S1F
@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 Chart for @MW9Z
Mar 20 558'6 565'4 557'6 565'4 4'6 564'2s 05:02P Chart for @MW0H
May 20 568'4 573'2 567'0 573'2 4'2 573'2s 01:31P Chart for @MW0K
Jul 20 575'0 580'0 575'0 580'0 2'6 579'6s 01:31P Chart for @MW0N
Sep 20 582'0 584'4 582'0 584'4 2'0 586'4s 03:46P Chart for @MW0U
Dec 20 594'0 594'0 594'0 594'0 2'2 597'4s 01:31P Chart for @MW0Z
Mar 21 603'0 1'2 605'6s 01:31P Chart for @MW1H
May 21 605'0 1'0 607'2s 01:31P Chart for @MW1K
Jul 21 Chart for @MW1N
@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 Chart for @KW9Z
Mar 20 432'2 438'2 430'4 438'2 3'4 437'6s 02:39P Chart for @KW0H
May 20 442'4 447'2 440'0 447'2 2'6 446'6s 04:45P Chart for @KW0K
Jul 20 451'4 456'0 449'0 455'6 2'2 455'4s 01:30P Chart for @KW0N
Sep 20 462'6 465'4 459'6 465'4 2'0 465'4s 01:20P Chart for @KW0U
Dec 20 476'4 479'2 473'6 479'2 1'6 479'2s 01:20P Chart for @KW0Z
Mar 21 488'0 489'4 488'0 489'4 1'6 491'4s 01:20P Chart for @KW1H
May 21 495'6 495'6 495'6 495'6 1'4 498'2s 01:20P Chart for @KW1K
Jul 21 500'0 0'2 499'0s 01:20P Chart for @KW1N
@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 Chart for @W9Z
Mar 20 512'0 519'0 510'6 519'0 5'0 518'2s 05:33P Chart for @W0H
May 20 518'0 523'2 515'4 523'2 4'6 523'0s 03:51P Chart for @W0K
Jul 20 521'2 526'4 519'2 526'4 4'0 526'2s 04:58P Chart for @W0N
Sep 20 527'4 532'4 526'4 532'4 3'6 532'4s 05:33P Chart for @W0U
Dec 20 539'0 543'0 537'2 542'6 3'4 543'2s 05:04P Chart for @W0Z
Mar 21 548'2 549'2 547'4 549'2 3'2 550'4s 01:20P Chart for @W1H
May 21 545'6 545'6 545'6 545'6 2'2 550'0s 01:20P Chart for @W1K
Jul 21 537'0 537'6 537'0 537'2 2'0 542'0s 01:20P Chart for @W1N
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