The elevator is open 7 am to 7 pm going forward including weekends.

Friday was a negative day for our markets.  Harvest corn closed down 2 3/4, harvest soybeans closed down 5 3/4, spot winter wheat closed down 1 and spot spring wheat closed down 3/4.  In the overnight trade all of our markets returned to the positive side.  Oil closed up $0.40 on Friday at $60.88 per barrel.  It is stronger again in the overnight trading with it now valued at $61.73 per barrel.  Our dollar traded most of Friday right around $0.716 US before closing at $0.717 US.  This morning with some choppy trading on both sides our dollar is currently valued at $0.716 US.

Our markets traded positive for most of Friday before closing out in the negative.  It seems that traders and money managers decided to take some risk off the table with the good harvest weather occurring in the US.  With the US Government currently closed down there will be no updated Crop Progress Report today showing how far their harvest has progressed.  Even with harvest progressing over the weekend it is nice to see that our markets have returned to the positive side this morning.  It looks like traders are trying to find a reason for prices to rally.

Last week was a mixed week for our markets.  Spot corn closed up $9 per tonne with a large basis increase.  This year’s harvest was up $1 per tonne and harvest 2026 was up $3 per tonne.  Harvest soybeans were up $5 per tonne with next year’s harvest up $4 per tonne.  Spot spring wheat was down $2 per tonne with next year’s harvest up $1 per tonne.  Winter wheat was down $2 per tonne on the spot market and up $1 per tonne for next year.

I am reading lots of reports this morning on how the US Government is to announce details this week of a bailout program for the US Farmers.  It is most definitely looking like soybean farmers will be the big winners in this program as their prices have been hit the most with the current trade war between the US and China.  Talk is that soybean farmers could be receiving upwards of $2 per bushel with this announcement.  It should be noted however that with the current US Government shutdown how the new program would be implemented is cloudy at the best.

If you would like to talk about the markets or price some of your crop for the future or in store, please reach out to us via phone or email to info@northgowergrains.com. Prices quoted herein are for product at our elevator.