North Gower Grains

Monday, March 23, 2026, 8:30 am

Friday was a negative day for our markets.  Spot corn closed down 4 1/4, spot soybeans closed down 7 1/4, harvest winter wheat closed down 12 3/4 and harvest spring wheat closed down 15 3/4.  In the overnight trade corn and the wheat sector is negative with soybeans mixed.  Oil closed up $2.68 on Friday at $98.23 per barrel.  It is weaker in trading this morning with it now valued at $91.44 per barrel.  Our dollar traded between a low of $0.727 US and a high of $0.730 US with it closing out at $0.729 US.  With some choppy trading this morning it is down just a bit with it currently valued at $0.728 US.

Last week was a mostly negative day for our markets.  Spot corn closed down  $1 per tonne with this year’s harvest up $1 per tonne.  Soybeans were the big loser with spot down $23 per tonne and this year’s harvest down $7 per tonne.  Spring wheat was down $6 per tonne on the spot market and $7 per tonne  for the coming harvest.  Winter wheat was down $7 per tonne across the board.

Remember last Monday the soybean market started the week with a limit down movement.  Thankfully as the week carried on, they were able to regain a portion of the decline from Monday.  Really the most positive part of the decrease in prices was that new crop soybeans were not nearly as negatively affected as old crop.  Wheat prices were pulled both ways last week with support coming from dryness over much of the US winter wheat growing regions and negative pressure coming from Russia decreasing world prices to enable a steady increase in exports. 

With the current events occurring in Iran and the talk of what is happening between China and the US the flow of money being controlled by Speculative Funds is greatly affecting our commodity prices.  It seems almost on a daily basis that the analysts are talking about how the funds are either liquidating or increasing their positions.  They react very quick to what is happening with geopolitical events and this affects our prices almost instantly.  This also brings more volatility into the marketplace and this was most definitely seen with the limit down day last week with soybeans.

In times like this it is hard not to overreact with some market swings.  Being able to step back and look at what prices your farm requires to be profitable is a great first step in a sound marketing plan.  Remember that target orders help all of us to stick to our marketing plans and not to chase the market.  Give us a call anytime to discuss how we can assist you in setting up a plan for your operations.