North Gower Grains

Friday, July 3, 2026, 6:45 am

The markets are closed today for the holiday in the US.  Our office remains open.

Thursday was a negative day for our markets.  Harvest corn closed down 3/4, harvest soybeans closed up 1 1/2, harvest winter wheat closed down 1/4 and harvest spring wheat closed down 4 1/4.  Oil closed up $0.11 yesterday at $68.69 per barrel.  It is weaker in trading this morning with it now priced at $68.46.  Our dollar had both a low of $0.703 US and a high of $0.706 US yesterday before lunch.  It has stayed within that range since then with it currently valued this morning at $0.705 US. 

All of our markets started out positive yesterday but pulled back as the market day progressed.  The nearby corn market should be getting support from the export market.  There is currently more export commitments made for the remaining 8 weeks of the current marketing year then what the USDA has projected to export.  This should be somewhat supportive prices as carryout stocks will have to be decreased by the USDA in future WASDE reports.

Soybean prices have fallen to their 100 day moving average with the pullback in prices over the last month.  China has officially purchased about 200,000 tonnes of new crop soybeans which leaves a lot of purchases needed to reach the 25 million tonnes target.  I know we keep talking about how Chinese purchases will support this market but that is what the marketplace is waiting for.  Whether they will drive prices higher is a story that is yet to be told. 

Friday’s thought: Greet the dawn with enthusiasm and you may expect satisfaction at sunset!