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.

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