Oct 19, 2017
Re: Thursday Crop Commodity Report
Yields are looking strong in the US, although the harvest progress has been slow. Looks like there will be lots of grains to market this year, but luckily demand is buoying things up a bit. Seems like markets are stuck in a bit of a rut with no real sign to be travelling higher or much lower.
Silage harvest has been variable with lots of jumping from field to field, but it is wrapping up now. Soybeans locally are coming off quickly with the good weather. Yields are looking much better than we were hoping for with our “summer in September” being a gift we didn’t expect. Dry corn in the most advanced fields is dropping towards 25% moisture and will likely start to be combined in the next couple of weeks. As harvest goes on we start to look to next year’s cropping plans.
The Canadian dollar is currently at 80.17 cents/US$.
The barrel is at $52.25 this week.
North Gower Grains bidding $180/te for this year’s crop corn. Harvest 2018 is bid at $186/te.
Palmerston Grain is bidding Hard Red Winter Wheat 2017 crop delivered to their elevator at $184/te. 2018 Hard Red Winter wheat is bid at $206/te.
Hard Red Spring Wheat 2017 delivered is $234/te, while next year’s crop delivered at harvest is $244/te.
Soybeans delivered to North Gower Grains are bid in at $430/tonne. 2018 harvest soybeans delivered at harvest are at $430/te.
Current bid for 2017 harvest canola delivered to Hamilton is $497/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!
Please join us at the Galbraith Room at 7pm tonight for our Annual Corn & Bean Night featuring guest speaker Peter Johnson from Real Agriculture.com.
Thanks, Charlene Whattam-Dick
Barclay Dick & Son Farm Supply