North Gower Grains

Tuesday, September 15, 2026, 7:15 am

Monday was a mixed day for our markets.  Harvest corn closed up 3, harvest soybeans closed up 7 3/4, spot winter wheat closed down 3 1/4 and spot spring wheat closed down 8 3/4.    In the overnight trade all of our markets have fallen onto the negative side.  Oil closed up $1.34 yesterday at $101.39 per barrel.  It is stronger in trading again this morning with it now priced at $102.53.  Our dollar traded between a low of $0.718 US and a high of $0.720 US over the last 24 hours.  This morning it is right in the middle of the range with it currently valued at $0.719 US. 

President Trump yesterday tweeted out that Russia and Ukraine made an agreement not to bomb each other’s energy infrastructure.  We should note that neither country has confirmed that an agreement is in place.  Winter wheat prices went down hard when the announcement was made as thoughts that grain shipments would also be exempt from more bombings went through the marketplace.  Prices rebounded to close about 10 cents off their low for the day and this was also about 10 cents off the high for the day.  Much volatility for sure. 

The soybean market continues to be supported by Chinese purchases.  They are now reported upwards of 13 million tonnes of new crop purchases which is over half way towards the 25 million tonnes target.  Soybeans were also supported by a new crushing plant being announced in the US which will utilise over 100 million bushels of soybeans per year.  This would be the largest US crushing plant when it comes on line in a couple of years.  The USDA is projecting the domestic crush to utilize 61% of this year’s crop with exports pegged at 37%.  The last year that exports were larger than domestic usage was in the 20/21 marketing year.   

The USDA released their weekly Crop Progress Report yesterday.  The good to excellent rating for their corn crop increased 1% week over week to come in at 57%.  Last year at this time this crop had a 67% good to excellent rating.  They also reported that 8% of the crop is now harvested.  This compares to the 5 year average of 6% harvested. 

For their soybean crop the good to excellent rating was unchanged from last week at 58%.  Last year at this time it had a 63% good to excellent rating.  They also reported that 6% of the crop is now harvested.  This compares to the 5 year average of only 3%. 

Winter wheat plantings are reported at 8% complete which is behind the 5 year average of 12% planted.   For spring wheat the harvest is now reported at 93% complete which compares to the 5 year average of 92% complete. 

This report should be considered mostly neutral for all of our crops with a slightly bearish leaning. 

Geoffrey Guy | 613-880-2707
Adam Plater | 613-220-8961
Bob Orr | 613-720-1271
Tony Mitchell | 613-227-2525
Office | 613-489-0956