Market Report – May 4, 2017

Market Report – May 4, 2017

The loonie has lost 2% against the greenback this year, the weakest among the G10 currencies.

 

Soybean prices have recently rallied even with the threat of more soybean acres being planted in the U.S if farmers do not get all their corn planted. This strength may mostly be coming from support given by slow soybean sales from Brazilian Farmers.

 

The barrel is at $47.90 this week.  The Canadian Dollar is trading at 73.00. 

 

North Gower Grains bid for corn delivered for April is bid at $192/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 $22/te.

 

Soybeans delivered to North Gower Grains are bid in at $452/tonne for April.   2017 harvest soybeans are at $458/te delivered to North Gower.

 

Current bid for canola delivered to Hamilton for May $554/te. For harvest 2017 Canola delivered to Hamilton bid is $522/te

 

Plant 17 has arrived! Please remember to keep a safe distance between farm machinery and yourself on busy roads.

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