Just a quick reminder to everybody that we will not turn down any corn loads. Sample corn is accepted at Grade 5 discount levels and will be counted against any outstanding contract. Friday, December 13, 2019, 7:40 am – Yesterday was a nice positive day for our markets. Harvest corn closed up 6 1/2, spot soybeans closed up 4 3/4, spot spring wheat was up 4 3/4 and spot winter wheat was up 11. In the overnight trade all of our markets are still positive. Our dollar started had a low yesterday morning of $0.758 US and a high later in the day of $0.760 US. This morning it is still trading at the high side with it currently valued at $0.760 US. The Phase One Trade Agreement between the US and China was completed yesterday. Well, at least sort of completed. It has been reported that President Trump signed off on the deal. This move will cancel the introduction of further tariffs that were to come into effect on Sunday. It should be noted that there has been no official confirmation from the White House that the deal has been done and Chinese media is reporting that there is still more work to do. Hopefully the more work is lawyers for both sides completing the legal text. It is unknown how long the legal work will take but this could drag on for many weeks. Our markets went positive yesterday and during the overnight trading being supported by rumours of the Phase One Agreement. Hopefully they can stay this course as lawyers work out the final details. Friday’s thought: Patience is a virtue that the trade negotiators for both sides must be full of.
Please call Geoffrey Guy at 613-880-2707or Bob Orr at613-720-1271 if you would like prices for crop you have stored on your farm. Prices quoted herein are for product at our elevator.
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