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
Monday, August 19, 2019, 7:35 a.m. – Friday was a nice positive day for our markets.  Harvest corn closed up 9 3/4, harvest soybeans closed up 9, harvest spring wheat closed up 3 1/2 and harvest winter wheat closed up 1 3/4.  In the overnight trade all of our markets are unfortunately back on the negative side.  Oil closed up $0.30 on Friday at $54.87 per barrel.  It is stronger again this morning with it now sitting at $55.26 per barrel.  Our dollar had a low Friday morning of $0.751 US and then climbed for most of the day hitting a high of $0.754 US before closing out for the weekend at $0.753 US. This morning it is a bit stronger with it currently valued at $0.754 US. 
The corn market lost 54 cents last week before the small rally on Friday.  With the surprise announcement on Monday for both acreage and yield managed money was caught on the wrong side of the market and most likely liquidated much of their long position last week.  The small rebound on Friday looks like it was just a brief stop gap before prices fall further down today.  As I talked about on Friday it is currently hard to find any strong reason on why corn prices should turn higher.
Last week DTN did a Digital Yield Tour over much of the US growing regions.  Their data reports a national corn yield of 163.2 bushels per acre which is 6.3 bushels per acre lower than the USDA reported last Monday.  Their projected soybean yield of 44.2 bushels per acre is 4.3 bushels per acre lower than the USDA.  These numbers will just add to the debate on where the yield will end up this year.  Acres are now confirmed and yield will remain the big variable for trading purposes until the crop is harvested.
On the trade front President Trump said over the weekend that the US is “doing very well with China” and that talks between both sides are continuing.  He also indicated that he is not ready at this time to sign a deal.  The drama in these trade talks never seems to end.  Unfortunately this same drama can have and has had a major effect on our markets, especially soybeans.

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 Aug 19
ICE Futures Canada Afternoon Comments Aug 16

DTN Blogs & Forums


Local Cash Bids
 
CORN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot Corn  365'2
-5'6
 Harvest 2019  375'2
-5'4
 Harvest 2020  405'4
-3'0

SOYBEANS
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  860'0
-7'2
 Harvest 2019  872'4
-7'2
 Harvest 2020  931'6
-6'4

WHEAT, HRS + PROTEIN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Harvest 2019  505'0
-1'2
 Harvest 2020  564'6
2'2

WHEAT, SRW
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Harvest 2019  467'4
-3'2
 Harvest 2020  497'0
-6'2

WHEAT, HRW + PROTEIN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Harvest 2019  467'4
-3'2
 Harvest 2020  497'0
-6'2

Price as of 08/19/19 10:03AM CDT.
Month Symbols
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August 19, 1956
Fay Crocker wins LPGA St Louis Golf Open

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Local Conditions
North Gower, ON
Chg Zip Code: 
Temp: 23oC Feels Like: 23oC
Humid: 79% Dew Pt: 19oC
Barom: 29.89 Wind Dir: SW
Cond: N/A Wind Spd: 30 km/h
Sunrise: 6:05 Sunset: 8:00
As reported at MASSENA, NY at 10:00 AM
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Local Radar
North Gower, ON
Chg Zip Code: 
 
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DTN Webinars

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 19 367'2 368'2 363'6 365'2 -5'6 371'0 09:52A Chart for @C9U
Dec 19 377'0 378'2 373'6 375'2 -5'4 380'6 09:52A Chart for @C9Z
Mar 20 389'2 390'0 386'2 388'2 -4'4 392'6 09:52A Chart for @C0H
May 20 396'0 397'2 394'0 395'2 -4'6 400'0 09:52A Chart for @C0K
Jul 20 402'0 403'2 400'2 401'0 -4'6 405'6 09:52A Chart for @C0N
Sep 20 403'0 404'0 401'2 402'0 -3'0 405'0 09:52A Chart for @C0U
Dec 20 406'4 407'4 405'2 405'4 -3'0 408'4 09:52A Chart for @C0Z
Mar 21 415'6 416'4 415'0 415'2 -2'6 418'0 09:52A Chart for @C1H
May 21 420'0 4'6 423'2s 09:51A Chart for @C1K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 19 862'2 865'0 858'2 860'0 -7'2 867'2 09:52A Chart for @S9U
Nov 19 874'6 877'6 870'6 872'4 -7'2 879'6 09:52A Chart for @S9X
Jan 20 888'4 891'2 884'4 886'2 -7'2 893'4 09:52A Chart for @S0F
Mar 20 901'2 903'4 897'6 899'2 -7'2 906'4 09:52A Chart for @S0H
May 20 912'6 914'2 909'2 911'0 -6'4 917'4 09:52A Chart for @S0K
Jul 20 922'4 925'0 920'2 921'2 -6'6 928'0 09:52A Chart for @S0N
Aug 20 931'4 931'4 929'0 929'0 9'0 931'6s 09:52A Chart for @S0Q
Sep 20 928'4 9'0 932'4s 09:51A Chart for @S0U
Nov 20 933'4 935'4 930'2 931'6 -6'4 938'2 09:52A Chart for @S0X
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
Sep 19 505'4 506'0 504'2 505'0 -1'2 506'2 09:52A Chart for @MW9U
Dec 19 517'4 518'2 516'4 517'4 -1'0 518'4 09:52A Chart for @MW9Z
Mar 20 532'4 532'6 531'6 532'2 -0'6 533'0 09:51A Chart for @MW0H
May 20 542'6 542'6 542'6 542'6 -0'2 543'0 09:52A Chart for @MW0K
Jul 20 552'0 553'0 551'6 551'6 -1'0 552'6 09:51A Chart for @MW0N
Sep 20 562'6 564'6 562'6 564'6 2'2 562'4 09:49A Chart for @MW0U
Dec 20 577'6 579'6 577'6 579'6 2'0 577'6 09:51A Chart for @MW0Z
Mar 21 585'0 2'4 587'0s 09:51A Chart for @MW1H
May 21 Chart for @MW1K
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Sep 19 394'2 394'4 389'0 389'6 -4'4 394'2 09:52A Chart for @KW9U
Dec 19 409'2 409'4 404'2 405'0 -4'4 409'4 09:52A Chart for @KW9Z
Mar 20 425'2 425'2 420'0 420'4 -5'0 425'4 09:52A Chart for @KW0H
May 20 436'2 436'2 430'6 430'6 -5'4 436'2 09:52A Chart for @KW0K
Jul 20 445'6 445'6 440'2 440'2 -6'2 446'4 09:52A Chart for @KW0N
Sep 20 459'6 460'0 454'6 454'6 -6'0 460'6 09:52A Chart for @KW0U
Dec 20 479'6 479'6 475'0 475'0 -5'4 480'4 09:52A Chart for @KW0Z
Mar 21 490'4 5'0 496'0s 09:52A Chart for @KW1H
May 21 495'0 495'0 495'0 495'0 3'2 499'2s 08:30A Chart for @KW1K
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 19 469'0 470'4 465'0 467'4 -3'2 470'6 09:52A Chart for @W9U
Dec 19 475'2 476'6 471'4 473'6 -3'6 477'4 09:52A Chart for @W9Z
Mar 20 481'6 483'0 477'4 480'0 -4'0 484'0 09:52A Chart for @W0H
May 20 486'0 488'4 482'4 484'2 -5'4 489'6 09:52A Chart for @W0K
Jul 20 491'2 493'4 487'0 489'0 -6'0 495'0 09:52A Chart for @W0N
Sep 20 499'0 501'0 496'0 497'0 -6'2 503'2 09:52A Chart for @W0U
Dec 20 511'0 513'0 507'6 508'2 -7'2 515'4 09:52A Chart for @W0Z
Mar 21 520'4 520'4 520'4 520'4 -4'0 524'4 09:51A Chart for @W1H
May 21 521'6 522'0 521'6 522'0 -3'6 525'6 09:52A Chart for @W1K
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