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
Due to the requirement of Social Distancing in this time of the coronavirus, we are asking all customers to limit contact with our employees.  Before visiting our office please call and see if we can deal with your needs over the phone. 
Wednesday, April 1, 2020, 6:40 a.m. – Yesterday was a mostly positive day for our markets.  Spot corn closed down 1/2, spot soybeans closed up 3 3/4, harvest 2020 spring wheat closed up 3 1/2 and harvest 2020 winter wheat closed up 6 1/4.  In the overnight trade all of our markets are currently on the negative side.  Oil closed up $0.39 yesterday at $20.48 per barrel.  It is flat this morning with it now trading at $20.49 per barrel.  Our dollar had another wild day yesterday.  It started out at $0.702 US and then went down before lunch to $0.698 US.  It then strengthened 150 basis points up to $0.713 US later in the afternoon.  It has been mostly down since that time with it currently valued at $0.703 US.
The Planting Intentions Report released yesterday by the USDA did have a couple of surprises for the marketplace.  Corn acreage estimate came in at 97 million acres which was significantly higher than the 94.3 million acres expected.  It should be noted that this farmer survey was taken before oil and ethanol prices fell drastically early last month.  It is definitely possible that lower corn prices due to lower ethanol demand could lead to actual planted acres being decreased from the 97 million acres released yesterday. 
Soybean acres are intended at 83.5 million acres which is lower than the pre-report estimate of 84.9 million acres.   
Total wheat acres were reported at 44.7 million acres which was about 200,000 acres less than pre-report estimates.  This is also the least amount of acreage dedicated to wheat in the US since they kept track of total acreage in 1919. 
A couple of interesting facts about the intended acreage report.  The 97 million acres of corn would be the most corn acres planted since 1935.  The soybean acreage of 83.5 million acres would be third largest ever for soybeans in the US.  The combined acreage of these 2 crops of 180.5 million acres is the most ever on record for the US.  The previous high was 180.3 million acres in 2017. 
Although the market did not react negatively yesterday to the report the negative prices recorded this morning could be related to the bullish acreage report for corn and soybeans. 
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

 


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Local Cash Bids
 
CORN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  337'2
2'4
 Harvest 2020  349'6
2'4

SOYBEANS
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  863'4
0'6
 Harvest 2020  865'0
1'4

WHEAT, HRS + PROTEIN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  522'0
-2'4
 Harvest 2020  541'0
-2'4

WHEAT, SRW
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  544'6
-5'4
 Harvest 2020  545'4
-5'6

WHEAT, HRW + PROTEIN
  North Gower Grains
Futures Price Basis Cash Price Converted Price Futures Change
 Spot  544'6
-5'4
 Harvest 2020  545'4
-5'6

Price as of 04/02/20 05:04AM CDT.
Month Symbols
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This Day In History
April 2, 1945
1st US units reach east coast of Okinawa

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Local Conditions
North Gower, ON
Chg Zip Code: 
Temp: 2oC Feels Like: 0oC
Humid: 73% Dew Pt: -2oC
Barom: 29.92 Wind Dir: NNW
Cond: N/A Wind Spd: 7 km/h
Sunrise: 6:36 Sunset: 7:28
As reported at MASSENA, NY at 5:00 AM
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Local Radar
North Gower, ON
Chg Zip Code: 
 
Local Temps
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DTN Webinars

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 20 335'0 338'2 335'0 337'2 2'4 334'6 04:53A Chart for @C0K
Jul 20 339'0 341'6 338'4 340'6 2'0 338'6 04:53A Chart for @C0N
Sep 20 341'2 343'2 340'6 342'6 2'0 340'6 04:53A Chart for @C0U
Dec 20 347'6 350'0 347'0 349'6 2'4 347'2 04:53A Chart for @C0Z
Mar 21 359'4 361'4 359'0 361'0 2'0 359'0 04:53A Chart for @C1H
May 21 366'2 367'4 366'2 367'0 1'6 365'2 04:53A Chart for @C1K
Jul 21 369'4 371'4 369'2 370'4 1'4 369'0 04:53A Chart for @C1N
Sep 21 364'2 367'0 364'2 366'0 2'0 364'0 04:46A Chart for @C1U
Dec 21 369'0 371'4 368'6 370'4 1'6 368'6 04:50A Chart for @C1Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 20 864'6 868'0 857'2 863'0 0'2 862'6 04:53A Chart for @S0K
Jul 20 868'6 872'2 861'6 867'4 0'2 867'2 04:53A Chart for @S0N
Aug 20 870'2 873'6 863'6 870'2 1'4 868'6 04:53A Chart for @S0Q
Sep 20 865'0 868'6 859'4 865'0 0'2 864'6 04:53A Chart for @S0U
Nov 20 864'0 868'2 858'6 864'4 1'0 863'4 04:53A Chart for @S0X
Jan 21 863'4 867'2 859'2 864'0 1'4 862'4 04:53A Chart for @S1F
Mar 21 846'2 850'0 841'4 846'6 2'0 844'6 04:53A Chart for @S1H
May 21 843'6 847'4 841'2 845'6 2'6 843'0 04:53A Chart for @S1K
Jul 21 852'4 855'0 852'4 854'6 3'0 851'6 04:53A Chart for @S1N
@MW - HARD RED SPRING WHEAT - MGE
Month Open High Low Last Change Close Time More
May 20 525'0 526'2 522'0 522'0 -2'4 524'4 04:50A Chart for @MW0K
Jul 20 534'6 536'4 532'2 532'2 -2'4 534'6 04:51A Chart for @MW0N
Sep 20 543'4 545'0 541'0 541'0 -2'4 543'4 04:49A Chart for @MW0U
Dec 20 554'2 554'2 554'2 554'2 0'0 554'2 04:45A Chart for @MW0Z
Mar 21 576'6 576'6 563'0 564'4 -13'2 564'4s 04:45A Chart for @MW1H
May 21 584'6 -13'0 571'2s 04:45A Chart for @MW1K
Jul 21 570'0 570'2 570'0 570'2 -16'0 568'0s 04:38A Chart for @MW1N
Sep 21 575'0 -4'0 574'0s 04/01 Chart for @MW1U
Dec 21 575'0 -8'0 568'0s 04:38A Chart for @MW1Z
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
May 20 475'2 478'0 467'2 467'4 -7'4 475'0 04:52A Chart for @KW0K
Jul 20 482'0 484'4 474'4 475'4 -7'0 482'4 04:53A Chart for @KW0N
Sep 20 489'0 493'0 483'0 483'0 -7'6 490'6 04:52A Chart for @KW0U
Dec 20 503'2 505'0 496'4 497'4 -6'0 503'4 04:53A Chart for @KW0Z
Mar 21 514'4 514'4 508'6 508'6 -5'0 513'6 04:52A Chart for @KW1H
May 21 517'2 517'2 517'2 517'2 -2'6 520'0 04:52A Chart for @KW1K
Jul 21 517'0 517'0 517'0 517'0 1'4 515'4 04:49A Chart for @KW1N
Sep 21 528'0 -12'2 518'6s 04:47A Chart for @KW1U
Dec 21 533'0 533'0 527'2 527'2 -12'4 528'0s 04:47A Chart for @KW1Z
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 20 550'2 553'2 543'6 544'6 -5'4 550'2 04:53A Chart for @W0K
Jul 20 547'2 550'2 540'6 541'6 -6'0 547'6 04:53A Chart for @W0N
Sep 20 551'6 553'4 544'4 545'4 -5'6 551'2 04:53A Chart for @W0U
Dec 20 559'4 561'6 553'2 554'0 -5'6 559'6 04:53A Chart for @W0Z
Mar 21 566'0 566'2 559'6 560'6 -5'0 565'6 04:53A Chart for @W1H
May 21 564'0 564'0 561'4 561'4 -2'0 563'4 04:53A Chart for @W1K
Jul 21 550'0 551'4 549'6 550'2 -1'4 551'6 04:52A Chart for @W1N
Sep 21 550'4 550'4 550'4 550'4 -2'4 553'0 04:53A Chart for @W1U
Dec 21 559'2 559'2 558'2 558'2 -3'4 561'6 04:53A Chart for @W1Z
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