Market Report – Feb. 1/18
For the fourth straight day the USDA announced substantial corn sales to an unknown buyer. This may be a sign of exports picking up which would be great prices.
The Canadian dollar is currently at $0.812 cents/US$.
The barrel is higher at $65.61 this week.
North Gower Grains bidding $177/te for this year’s crop corn. Harvest 2018 is bid at $186/te.
Palmerston Grain is bidding Hard Red Winter Wheat 2018 Hard Red Winter wheat is bid at $200/te
Soybeans delivered to North Gower Grains are bid in at $420/tonne. 2018 harvest soybeans delivered at harvest are at $432/te.
Current bid for 2017 canola delivered to Hamilton is $517/te.
Now is the best time to be planning for spring of 2018. Fertilizer prices are in the marketplace now with early booking and early pay discounts helping reward proactive farmers. Producer meetings are upcoming February 7&8. Call our office today for more information and to set up an appointment to go over your crop plan for 2018.