North Gower Grains

Thursday, February 5, 2026, 9:45 am

Sorry for the late and shortened blog today.  Technical issues.  Things should return to normal for tomorrow morning. 

Wednesday was a mixed day for our markets.  Spot corn closed up 1, spot soybeans closed up 26 1/2, spot winter wheat closed down 2 and spot spring wheat closed down 2 1/4.  In the overnight trade corn is negative, soybeans and spring wheat are positive with winter wheat mixed.  Oil closed up $1.93 yesterday at $65.14 per barrel.  It is weaker in trading this morning with it now valued at $63.32 per barrel.  Our dollar has traded between a low of $0.730 US and a high of $0.732 US over the last 24 hours.  This morning it is at the high end of the range with it currently valued at $0.732 US.

What a wild day the soybean market had yesterday.  President Trump send out a tweet that he had a long phone call with President Xi and amongst the things discussed was increased soybean purchases by China in the short term.  Once this tweet was released prices jumped up.  It was nice to see that they closed very strong and that they are positive again this morning.