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 – 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.