Market Report – December 21/17
There is talk that China is putting in some stronger import restrictions on soybeans. They are only allowing soybeans with foreign materials up to 1% to be imported. This move is meant to slow down imports as they have a backlog of soybeans at their ports to work through.
The Canadian dollar is currently at $0.779 cents/US$.
The barrel is at $57.99 this week.
North Gower Grains bidding $176/te for this year’s crop corn. Harvest 2018 is bid at $183/te.
Palmerston Grain is bidding Hard Red Winter Wheat 2017 crop delivered to their elevator at $185/te. 2018 Hard Red Winter wheat is bid at $193/te.
Soybeans delivered to North Gower Grains are bid in at $422/tonne. 2018 harvest soybeans delivered at harvest are at $428/te.
Current bid for 2017 canola delivered to Hamilton is $506/te.
Hard to believe since there is snow on the ground but now the focus will turn to 2018. Securing the best varieties before they are sold out and planning for the seed treatments specific to your operation is key. Contact Barclay Dick & Son if you need more information. We are always happy to help.
From everyone at Barclay Dick & Son Farm Supply we wish you and your family a Merry Christmas and a safe and happy new year