North Gower Grains

Thursday, July 30, 2026, 7:15 am

With the change in our email and website server we have heard some customers are having trouble seeing our price matrix. If you are please call us and we will endeavour to get it working for you. Sorry for any inconvenience our recent changes may have caused you.

Wednesday was a mostly negative day for our markets. Harvest corn closed down 8 3/4, harvest soybeans closed down 27 1/4, harvest winter wheat closed down 1 3/4 and harvest spring wheat closed up 2 1/2. In the overnight trade all of our markets are on the negative side. Oil closed up $5.20 yesterday at $84.46 per barrel. It is weaker in trading this morning with it now priced at $83.64. Our dollar started out yesterday morning at $0.709 US and then trended higher going up to $0.713 US early in the afternoon. It has eased off a bit since then with it currently valued this morning at $0.712 US.

Soybeans fell hard yesterday with a change in the weather forecast that is now looking at precipitation over some of the dryer parts of the US growing regions. This most likely led managed money to liquidate some of their current long position (looking for prices to go up) which accelerated the downward spiral. The lack of Chinese purchases this week was also a concern for the marketplace with reports of increased soybean shipments so far this year from Brazil to China. The decrease in price resulted in soybeans falling below their 20 day moving average for the first time send the end of June.

The corn market responded much the same way to the change in the weather forecast as soybeans did yesterday. This market should be getting support from the decreased crop rating released on Monday and the continued shipping problems out of the Black Sea region. However, it seems that US weather for the Corn Belt is currently the largest driver of daily price changes.

Winter wheat prices are rallying this morning with new reports of bombings in the Black Sea overnight. It is getting harder every day to see when shipments will return to normal levels as both sides are active on the bombing side. The market has decided to concentrate on this fact this morning and as such prices have jumped back up.

Ethanol production in the US increased by 3.5% week over week to come in at 1.133 million barrels per day. Blended demand and exports were also up for the week. Net result was only an increase in ethanol stocks of 1%. The ethanol industry remains a staple for the corn market and without it corn prices would be much lower.

Newsletter Sign-up Today's Bids

Cash Bids

Like what you see?

Contact

Interested in our different marketing options?

At North Gower Grains, we are happy to provide a number of options to market your crop so you can get the best price for your harvest. Have any questions? Feel free to contact us directly.

Check out marketing options