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 – 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!

Market Report Oct. 19, 2017

Market Report Oct. 19, 2017
Combines are running when the sun shines!

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

Market Report – May 25/17

Market Report – May 25/17
Custom Application units are busy in the fields!

China continues to import soybeans, in April they had imported 8.0 million tonnes which is up 8% from last year. Corn prices are remining flat. Reminder that the US markets will be closed on Monday for Memorial Day.

 

The barrel is at $51.30 this week.  The Canadian Dollar is trading at 74.50. 

 

North Gower Grains bid for corn delivered for April is bid at $192/te. 2017 harvest corn are at $199/te delivered to North Gower.

 

Palmerston Grain is bidding for crop Hard Red Winter Wheat 2017 crop delivered at harvest is at $192/te. Hard Red Spring Wheat 2017 crop delivered at harvest is $223/te.

 

Soybeans delivered to North Gower Grains are bid in at $442/tonne for April.   2017 harvest soybeans are at $445/te delivered to North Gower.

 

Current bid for canola delivered to Hamilton for May $553/te. For harvest 2017 Canola delivered to Hamilton bid is $518/te

 

Plant 17 has arrived! Please remember to keep a safe distance between farm machinery and yourself on busy roads.

 

Market Report – May 4, 2017

Market Report – May 4, 2017

The loonie has lost 2% against the greenback this year, the weakest among the G10 currencies.

 

Soybean prices have recently rallied even with the threat of more soybean acres being planted in the U.S if farmers do not get all their corn planted. This strength may mostly be coming from support given by slow soybean sales from Brazilian Farmers.

 

The barrel is at $47.90 this week.  The Canadian Dollar is trading at 73.00. 

 

North Gower Grains bid for corn delivered for April is bid at $192/te. 2017 harvest corn are at $194/te delivered to North Gower.

 

Palmerston Grain is bidding for crop Hard Red Spring Wheat 2017 crop delivered at harvest is at $22/te.

 

Soybeans delivered to North Gower Grains are bid in at $452/tonne for April.   2017 harvest soybeans are at $458/te delivered to North Gower.

 

Current bid for canola delivered to Hamilton for May $554/te. For harvest 2017 Canola delivered to Hamilton bid is $522/te

 

Plant 17 has arrived! Please remember to keep a safe distance between farm machinery and yourself on busy roads.

Market Report – April 27/17

Market Report – April 27/17

Corn futures are closed lower on Wednesday with talk about Washington exiting NAFTA, which would have had Mexico looking elsewhere for corn. Soybeans also lost ground as the market had pressure on it from thoughts of higher US soybean acres and weakness in Brazil’s currency which could cause farmers in the South American country to sell more.

 

The barrel is at $49.17 this week.  The Canadian Dollar is trading at 73.70. 

 

North Gower Grains bid for corn delivered for April is bid at $186/te. 2017 harvest corn are at $190/te delivered to North Gower.

 

Palmerston Grain is bidding for crop Hard Red Spring Wheat 2017 crop delivered at harvest is at $228/te.

 

Soybeans delivered to North Gower Grains are bid in at $441/tonne for April.   2017 harvest soybeans are at $449/te delivered to North Gower.

 

Current bid for canola delivered to Hamilton for April bid is $559/te. For harvest 2017 Canola delivered to Hamilton bid is $517/te

 

Plant 17 has arrived! Please remember to keep a safe distance between farm machinery and yourself on busy roads.

Market Report – March 9/17

Market Report – March 9/17
Combines are running when the sun shines!

The WASDE report will be released later today and is expected to increase production numbers in South America for both corn and soybeans. There is also a small chance that the United States ending inventory numbers will be decreased for this year.

 

The barrel is at $50.28 this week.  The Canadian Dollar is trading at 73.9. 

 

North Gower Grains bid for corn delivered for March is bid at $191/te. 2017 harvest corn are at $193/te delivered to North Gower.

 

Palmerston Grain is bidding for crop Hard Red Spring Wheat 2017 crop delivered at harvest is at $224/te.

 

Soybeans delivered to North Gower Grains are bid in at $472/tonne for March.   2017 harvest soybeans are at $476/te delivered to North Gower.

 

Current bid for canola delivered to Hamilton for March bid is $559/te. For harvest 2017 Canola delivered to Hamilton bid is $526/te

 

Market Report – January 12, 2017

Market Report – January 12, 2017

There is no feeling in the trade that tomorrow’s USDA reports will move prices one way or the other. Besides monthly supply-demand, USDA will report quarterly grain stocks and winter wheat seeded area.

 

The barrel is at $52.11 this week.  The Canadian Dollar is trading at 75.87. 

 

North Gower Grains bid for corn delivered at harvest is bid at $187/te. 2017 harvest corn are at $194/te delivered to North Gower.

 

Palmerston Grain is bidding for crop Hard Red Spring Wheat 2017 crop delivered at harvest is at $224/te.

 

Soybeans delivered to North Gower Grains are bid in at $461/tonne at harvest.   2017 harvest soybeans are at $459/te delivered to North Gower.

 

Current bid for canola delivered to Hamilton for January bid is $522/te. For harvest 2017 Canola delivered to Hamilton bid is $506/te

 

We need your help! We have recently have been nominated for the ADAMA #ThankARetailer Contest which means we can win $15000 to give back to the community! Check out www.thankaretailer.ca for more information. Contest closes February 28, 2017.

 

Mark your calendars for February 16, 2017 for our second annual Dairy and Beef Producer meetings which will be held at the Cobden Legion and for February 22, 2017 as we host our annual Crop Producers meeting at the Galbraith Room in Renfrew. Call the office for more information

 

 

Thanks, Emily Bromley

Barclay Dick & Son Farm Supply

Market Report – December 22, 2016

Get together with your friendly local Certified Crop Advisor to plan 2017 now and work on a crop budget to set sell orders.  This is also the time to take the best advantage of early order discounts on crop inputs.  Book inputs for less and crop for a higher price is a double win!

 

The barrel is at $51.28 this week.  The Canadian Dollar is trading at 74.60. 

 

North Gower Grains bid for corn delivered at harvest is bid at $179/te. 2017 harvest corn are at $192/te delivered to North Gower.

 

Palmerston Grain is bidding for crop Hard Red Spring Wheat 2017 crop delivered at harvest is at $222/te.

 

Soybeans delivered to North Gower Grains are bid in at $466/tonne at harvest.   2017 harvest soybeans are at $463/te delivered to North Gower.

 

Current bid for canola delivered to Hamilton for new crop bid is $527/te. For January 2017 Canola delivered to Hamilton bid is $540/te

 

From our family to yours, we wish you a Merry Christmas and a safe and happy New Year!

 

 

Thanks, Emily Bromley

Barclay Dick & Son Farm Supply

Market Report – December 15, 2016

Market Report – December 15, 2016

Rains are predicted for Southern Argentina early next week which may be removing some of the current weather premium in our and soybean markets.

 

Get together with your friendly local Certified Crop Advisor to plan 2017 now and work on a crop budget to set sell orders.  This is also the time to take the best advantage of early order discounts on crop inputs.  Book inputs for less and crop for a higher price is a double win!

 

The barrel is at $51.28 this week.  The Canadian Dollar is trading at 75.10. 

 

North Gower Grains bid for corn delivered at harvest is bid at $185/te. 2017 harvest corn are at $196/te delivered to North Gower.

 

Palmerston Grain is bidding for crop Hard Red Spring Wheat 2017 crop delivered at harvest is at $223/te.

 

Soybeans delivered to North Gower Grains are bid in at $468/tonne at harvest.   2017 harvest soybeans are at $465/te delivered to North Gower.

 

Current bid for canola delivered to Hamilton for new crop bid is $539/te. For January 2017 Canola delivered to Hamilton bid is $552/te

 

Winter is here! Please be careful and leave space between yourself and other vehicles on the road!

For a Printable PDF, click here.

 

Thanks, Emily Bromley

Barclay Dick & Son Farm Supply