On the global market the US dollar has been stronger, the Chinese currency weaker. This is making imports more expensive to China, weakening Chicago prices overall. This has led to a down trend in the market recently. The Canadian dollar is remaining relatively stable due to talk that the Bank of Canada may reduce interest rates.
Corn & Soybean yields continue to be a pleasant surprise. 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 closed at $45.97. The Canadian Dollar is trading at 74.60.
North Gower Grains bid for corn delivered at harvest is bid at $181/te. 2017 harvest corn are at $187/te delivered to North Gower.
Palmerston Grain is bidding $218/te for crop Hard Red Spring Wheat delivered to Prescott in December. 2017 crop delivered at harvest is at $225/te.
Soybeans delivered to North Gower Grains are bid in at $464/tonne at harvest. 2017 harvest soybeans are at $462/te delivered to North Gower.
Current bid for canola delivered to Hamilton for new crop bid is $534/te. For January 2017 Canola delivered to Hamilton bid is $528/te
Harvest is here! Please be careful and watch for slow moving vehicles on the road, they are working hard to feed your family!
Thanks, Charlene Whattam-Dick
Barclay Dick & Son Farm Supply