We are now open for extra corn. Bring it on! Wednesday November 25, 7:25 a.m. - All three of our markets were down yesterday led by wheat with the largest loss. Overnight all three are now positive. Oil is back down to $42.24 per barrel after a nice increase yesterday. Our dollar has followed oil and is currently trading at $0.751 U.S.. The market seems to be responding well to the weekend election results in Argentina. We did not see near as much negativity in prices as was suspected. However, how quick reforms are put into place in Argentina and to what extent can still directly affect the soybean market. To what level their farmers decide to sell their stored crop and how fast it gets to the world market could cause some large swing (probably negative) in prices. Not alot happening in the markets this week with it being a short trading week in the U.S. due to their Thanksgiving Holiday. Light volumes of trade are expected today, the CBOT is closed tomorrow and has reduced hours on Friday. Soybean news continues to be low current crush margins in China and strong soybean oil demand. Also Brazil remains somewhat behind in this years plantings which may in the end be a blesssing for prices. Please call Geoffrey Guy at 613-880-2707 if you would like any direct ship pricing. We have prices right up to next years harvest. Prices quoted herein are for product at our elevator.
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In an effort to collect as much information as it can on proposed rules on railroad performance data reporting, the Surface Transportation Board earlier this month announced it will waive its prohibition on ex parte communications. The move means that instead of having to submit all comments to the board through public meetings and/or written records, interested parties may schedule meetings with board staff to discuss the proposed rules.
Farmers may need to wait longer to control problem weeds with Dow's Enlist Duo herbicide and seed package. EPA asked a court for the authority to revoke registration of the herbicide in order to re-evaluate how glyphosate and 2,4-D behave in the environment.
In this week's Crop Tech Corner, scientists have found a way to monitor crop growth from space, researchers have zoomed in on a gene with four-way disease resistance in wheat, and sorghum research has won large federal energy grants for the second time this year.