Market Report – January 12, 2017
There is no feeling in the trade that tomorrow’s USDA reports will move prices one way or the other. Besides monthly supply-demand, USDA will report quarterly grain stocks and winter wheat seeded area.
The barrel is at $52.11 this week. The Canadian Dollar is trading at 75.87.
North Gower Grains bid for corn delivered at harvest is bid at $187/te. 2017 harvest corn are at $194/te delivered to North Gower.
Palmerston Grain is bidding for crop Hard Red Spring Wheat 2017 crop delivered at harvest is at $224/te.
Soybeans delivered to North Gower Grains are bid in at $461/tonne at harvest. 2017 harvest soybeans are at $459/te delivered to North Gower.
Current bid for canola delivered to Hamilton for January bid is $522/te. For harvest 2017 Canola delivered to Hamilton bid is $506/te
We need your help! We have recently have been nominated for the ADAMA #ThankARetailer Contest which means we can win $15000 to give back to the community! Check out www.thankaretailer.ca for more information. Contest closes February 28, 2017.
Mark your calendars for February 16, 2017 for our second annual Dairy and Beef Producer meetings which will be held at the Cobden Legion and for February 22, 2017 as we host our annual Crop Producers meeting at the Galbraith Room in Renfrew. Call the office for more information
Thanks, Emily Bromley
Barclay Dick & Son Farm Supply