Market Report – Feb 15/18

Soybeans were once pulled higher yesterday with soymeal prices. The dry weather in Argentina is continuing.  The dry weather is bringing out more talk about further cuts for both soybean and corn production. This being said there will have to be large cutbacks in the production of soybeans to make up for the large crop in Brazil.

 

The Canadian dollar is currently at $0.801 cents/US$.

 

The barrel is at $60.80 this week.  

 

North Gower Grains bidding $161/te for this year’s crop corn. Harvest 2018 is bid at $192/te.

 

Palmerston Grain is bidding Hard Red Winter Wheat 2018 Hard Red Winter wheat is bid at $205/te

 

 

Soybeans delivered to North Gower Grains are bid in at $442/tonne.   2018 harvest soybeans delivered at harvest are at $442/te.

 

Current bid for 2017 canola delivered to Hamilton is $525/te. 

 

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.

Market Report – January 25, 2018

Market Report – January 25, 2018

Soybeans closed yesterday positive for the 8th consecutive trading day due to the dry weather in Argentina. Reports out of Southern Brazil are stating that it is too wet and is damaging their soybean production potential.

 

Local cereal markets are fairly tight – if you are sitting on oats or barley that are reasonably good quality now might be a good time to call around to see if there are any t­­­akers.  Feed buyers will turn to the western crop to meet demands if local supply isn’t sufficient.

 

The Canadian dollar is currently at $0.811 cents/US$.

 

The barrel is higher at $65.61 this week.  

 

North Gower Grains bidding $176/te for this year’s crop corn. Harvest 2018 is bid at $185/te.

 

Palmerston Grain is bidding Hard Red Winter Wheat 2017 crop delivered to their elevator at $188/te.  2018 Hard Red Winter wheat is bid at $195te – which is unchanged from last week. 

 

 

Soybeans delivered to North Gower Grains are bid in at $425/tonne.   2018 harvest soybeans delivered at harvest are at $435/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

Market Report – December 28/17

Market Report – December 28/17

Winter wheat is rallying based on the current cold weather over much of the growing region in the U.S. with this cold weather and lack of insulating snow over much of the wheat there is a fear that a lot of it won’t survive.  Analysts that are optimistic with the price outlook for both corn and soybeans are pointing out that the U.S. currently has a price advantage on the corn and soybean exports versus Brazil and Argentina.

 

The Canadian dollar is currently at $0.793 cents/US$.

 

The barrel is at $59.64 this week.  

 

North Gower Grains bidding $177/te for this year’s crop corn. Harvest 2018 is bid at $185/te.

 

Palmerston Grain is bidding Hard Red Winter Wheat 2017 crop delivered to their elevator at $186/te.  2018 Hard Red Winter wheat is bid at $193/te. 

 

 

Soybeans delivered to North Gower Grains are bid in at $423/tonne.   2018 harvest soybeans delivered at harvest are at $429/te.

 

Current bid for 2017 canola delivered to Hamilton is $501/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.

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

Market Report – December 7/17

Stats Canada released a production report yesterday that negatively affected our markets as they found about 3 million tonnes of production in the Hard Red Spring Wheat which bushed prices lower. This was unexpected due to the dry conditions that the west had faced during the growing period. A new record for production of soybeans was met this year with over 7 million acres harvested, with 3.1 million of those acres being in Ontario.

 

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.

 

 

The Canadian dollar is currently at $0.782 cents/US$.

 

The barrel is at $56.28 this week.  

 

North Gower Grains bidding $178/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 $174/te.  2018 Hard Red Winter wheat is bid at $189/te. 

 

 

Soybeans delivered to North Gower Grains are bid in at $431/tonne.   2018 harvest soybeans delivered at harvest are at $436/te.

 

Current bid for 2017 fall canola delivered to Hamilton is $520/te. 

 

Farmers are working hard to take off their crops right now. Please remember to keep a safe distance between farm machinery and yourself on busy roads. Be patient: we all want to get home to our families tonight!

Market Report – November 30, 2017

Market Report – November 30, 2017

The USDA released baseline projections yesterday for the 2018/19 crop seasons. They are projecting corn acres to increase to 91 million acres from 90.4 million acres this year with a trend line yield of 173.5 bushels per acre. Soybean acres are also project at 91 million which is up from 90.2 million acres this year. Yield is projected at 48.4 bushels per acre.

 

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.

 

 

The Canadian dollar is currently at $0.775 cents/US$.

 

The barrel is at $57.30 this week.  

 

North Gower Grains bidding $180/te for this year’s crop corn. Harvest 2018 is bid at $185/te.

 

Palmerston Grain is bidding Hard Red Winter Wheat 2017 crop delivered to their elevator at $177/te.  2018 Hard Red Winter wheat is bid at $195/te. 

 

Hard Red Spring Wheat 2017 delivered is $229/te, while next year’s crop delivered at harvest is $246/te. 

 

Soybeans delivered to North Gower Grains are bid in at $433/tonne.   2018 harvest soybeans delivered at harvest are at $434/te.

 

Current bid for 2017 fall canola delivered to Hamilton is $528/te. 

 

Farmers are working hard to take off their crops right now. Please remember to keep a safe distance between farm machinery and yourself on busy roads. Be patient: we all want to get home to our families tonight!

Market Report – November 16, 2017

Market Report – November 16, 2017
Our Masterfeeds customers did very well at the Royal this year. Congratulations!

Re: Thursday Crop Commodity Report

 

World supply of wheat remains high.  The export market is very competitive right now putting downward pressure on prices.  Projected soybean exports to China keep increasing which will help to use up some of the record production amounts this year.  Corn harvest locally is moving along and soybeans are pretty close to wrapped up.  Much of the corn crop is light in test weight this year due to denitrification of soils in the wet weather and the cool cloudy days.  Yields are variable but coming out around average overall.  The lighter wetter corn is taking longer to dry and must be dried at a lower temperature which costs more in time and fuel.

 

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.

 

 

The Canadian dollar is currently at 78.3 cents/US$.

 

The barrel is at $55.20 this week.  

 

North Gower Grains bidding $178/te for this year’s crop corn. Harvest 2018 is bid at $184/te.

 

Palmerston Grain is bidding Hard Red Winter Wheat 2017 crop delivered to their elevator at $177/te.  2018 Hard Red Winter wheat is bid at $194/te. 

 

Hard Red Spring Wheat 2017 delivered is $240/te, while next year’s crop delivered at harvest is $247/te. 

 

Soybeans delivered to North Gower Grains are bid in at $426/tonne.   2018 harvest soybeans delivered at harvest are at $430/te.

 

Current bid for 2017 fall canola delivered to Hamilton is $532/te. 

 

Farmers are working hard to take off their crops right now. Please remember to keep a safe distance between farm machinery and yourself on busy roads. Be patient: we all want to get home to our families tonight!

 

Market Report – November 9, 2017

Later today we will see the release of the monthly WASDE report by the USDA. Soybean yields are expected to be lower with a slight increase in corn yields.

 

Now the focus will turn to 2018.  This is a great time of year to do fall burndowns in preparation for the next year’s crop.  Also a good time to get soil samples done and check the existing soil samples on file.  The soil is in great shape to apply any nutrients that are deficient or lime to correct pH.  Contact Barclay Dick & Son if you need more information.  We are always happy to help.

 

 

The Canadian dollar is currently at 78.8 cents/US$.

 

The barrel is at $56.81 this week.  

 

North Gower Grains bidding $182/te for this year’s crop corn. Harvest 2018 is bid at $188/te.

 

Palmerston Grain is bidding Hard Red Winter Wheat 2017 crop delivered to their elevator at $180/te.  2018 Hard Red Winter wheat is bid at $197/te. 

 

Hard Red Spring Wheat 2017 delivered is $249/te, while next year’s crop delivered at harvest is $252/te. 

 

Soybeans delivered to North Gower Grains are bid in at $438/tonne.   2018 harvest soybeans delivered at harvest are at $439/te.

 

Current bid for 2017 fall canola delivered to Hamilton is $534/te. 

 

Farmers are working hard to take off their crops right now. Please remember to keep a safe distance between farm machinery and yourself on busy roads. Be patient: we all want to get home to our families tonight!

Market Report – October 26, 2017

Market Report – October 26, 2017
Custom Application units are busy in the fields!

Re: Thursday Crop Commodity Report

 

Soybean harvest has been going fast and furious locally.  Yields have been fairly positive over all, but tough fields that were put in tough are performing as expected.  Corn silage harvest is wrapping up.  People are starting to talk about getting into high moisture and dry corn, but not much progress to date.  Early planted corn is black layered and looking good.  Late planted and tough planted corn is variable with probable test weight issues.  Winter wheat planting has wrapped up in the area.  Many of the fields are looking very lush.

 

Now the focus will turn to 2018.  This is a great time of year to do fall burndowns in preparation for the next year’s crop.  Also a good time to get soil samples done and check the existing soil samples on file.  The soil is in great shape to apply any nutrients that are deficient or lime to correct pH.  Contact Barclay Dick & Son if you need more information.  We are always happy to help.

 

 

The Canadian dollar is currently at 78.1 cents/US$.

 

The barrel is at $52.28 this week.  

 

North Gower Grains bidding $181/te for this year’s crop corn. Harvest 2018 is bid at $187/te.

 

Palmerston Grain is bidding Hard Red Winter Wheat 2017 crop delivered to their elevator at $181/te.  2018 Hard Red Winter wheat is bid at $200/te. 

 

Hard Red Spring Wheat 2017 delivered is $236/te, while next year’s crop delivered at harvest is $245/te. 

 

Soybeans delivered to North Gower Grains are bid in at $431/tonne.   2018 harvest soybeans delivered at harvest are at $428/te.

 

Current bid for 2017 fall canola delivered to Hamilton is $530/te. 

 

Farmers are working hard to take off their crops right now. Please remember to keep a safe distance between farm machinery and yourself on busy roads. Be patient: we all want to get home to our families tonight!