North Gower Grains

Monday, June 22, 2026, 7:10 am

Customer Appreciation Day – Wednesday, June 24, 2026 at 10 am.  Everyone is welcome to attend.

The markets were closed on Friday for the Juneteenth holiday in the US.  Thursday was a negative day for our markets.  Harvest corn closed down 4 3/4, harvest soybeans closed down 6 1/2, harvest winter wheat closed down 7 and harvest spring wheat closed down 1/2.  Corn and the wheat sector are negative this morning with soybeans now on the positive side.  Oil closed down $0.16 on Thursday at $75.85 per barrel.  It is weaker again this morning with it currently priced at $74.86.  Our dollar traded between low of $0.705 US and a high of $0.707 US on Friday with it closing out at $0.706 US.  It is a bit lower this morning with it currently valued at $0.705 US. 

China returned to our markets last week with some purchases of new crop soybeans.  This was widely anticipated and the hope in the market is that they soon ramp up those purchases which would help to drive prices higher.  It would be very helpful to the corn market if they were to step in with some purchases.  This market probably only requires small purchases to start a rally as expectations of Chinese purchases are more limited in this market.

The war between the Ukraine and Russia keeps going on with more reports that grain exports out of the Black Sea region could be reduced.  It is being reported that both sides have increased bombings with export facilities being targeted.  We all know that this is old news as exports have stayed strong throughout most of the war.  However, as always any potential decrease in grain movement could affect world supplies and therefore prices. 

Last week was a positive week for our markets.  Spot corn closed up $2 per tonne with both this year and next year’s harvest up $1 per tonne.  Soybeans closed up $4 per tonne on both the spot market and for this year’s harvest.  For next year’s harvest they were up $2 per tonne.  Winter wheat was up $7 per tonne on both the spot market and this year’s harvest with it up $5 per tonne for next year’s harvest.  Spring wheat was up $2 per tonne on the spot market, $1 per tonne for this year’s harvest and $3 per tonne up for next year’s harvest.