Elevator hours are 7 am to 5 pm this week.  Please call ahead if you would like to dump after hours.    

Tuesday was a mixed day for our markets. Spot corn closed up 5, spot soybeans closed down 3 1/4, spot winter wheat up down 6 and spot spring wheat closed up 4 3/4.  In the overnight trade soybeans are positive, corn is negative, spring wheat is even and winter wheat is on the negative side. Oil closed down $0.80 yesterday at $58.54 per barrel.  It is stronger in trading again this morning with it now valued at $59.35 per barrel. Our dollar had a high yesterday of $0.716 US, but it was general a positive day for trading.  This morning it is currently valued at $0.717 US.

It was a slow day in the markets yesterday corn was on both sides of even, soybeans started out positive and wheat started out negative. By the end of the day soybeans turned negative and wheat and corn positive.

Some news from the Russian/Ukrainian conflict. Russia is threating to attack some of Ukraine’s port infrastructures as retaliation from Ukraine attack on three Russian vessels on the black sea last week. As this is happening the US ambassador is also on the ground trying to work out a peace deal between Russia and Ukraine. That helped rally corn and wheat yesterday.

It’s been two days in a row with no soybean sales announcements to China, which caused the bean market to slide yesterday. It also caused some weakness in the meal market.

Weather in South America is a little dry, but the outlook for their corn crop is still looking to be record large. Which will likely keep a cap on corn prices.

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.