Market Report March 1, 2018
The soymeal and soybean markets continue to gain strength from decreases production potential for this year’s crop in Argentina.
The Canadian dollar is currently at $0.798 cents/US$.
The barrel is higher at $61.26 this week.
North Gower Grains bidding $187/te for this year’s crop corn. Harvest 2018 is bid at $194/te.
Palmerston Grain is bidding Hard Red Winter Wheat 2018 Hard Red Winter wheat is bid at $213/te
Soybeans delivered to North Gower Grains are bid in at $462/tonne. 2018 harvest soybeans delivered at harvest are at $453/te.
Current bid for 2017 canola delivered to Hamilton is $530/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.