Market Report – May 25/17

Market Report – May 25/17

China continues to import soybeans, in April they had imported 8.0 million tonnes which is up 8% from last year. Corn prices are remining flat. Reminder that the US markets will be closed on Monday for Memorial Day.

 

The barrel is at $51.30 this week.  The Canadian Dollar is trading at 74.50. 

 

North Gower Grains bid for corn delivered for April is bid at $192/te. 2017 harvest corn are at $199/te delivered to North Gower.

 

Palmerston Grain is bidding for crop Hard Red Winter Wheat 2017 crop delivered at harvest is at $192/te. Hard Red Spring Wheat 2017 crop delivered at harvest is $223/te.

 

Soybeans delivered to North Gower Grains are bid in at $442/tonne for April.   2017 harvest soybeans are at $445/te delivered to North Gower.

 

Current bid for canola delivered to Hamilton for May $553/te. For harvest 2017 Canola delivered to Hamilton bid is $518/te

 

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

 

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