The markets and our office are closed today, Good Friday. Happy Easter Weekend!
Thursday was a negative day for our markets. Harvest corn closed down 3/4, harvest soybeans closed down 1 3/4, harvest winter wheat closed up 1 1/4 and harvest spring wheat closed up 2 3/4. No overnight trade as the markets are closed today. Oil closed out trading on Thursday at $61.83 per barrel. Our dollar has traded between a low of $0.720 US and a high of $0.723 US over the last 24 hours. This morning it is currently valued at $0.721 US.
The shortened trading week was mostly uneventful. Tariff talk continues to be the elephant in the room but how they end up affecting our markets looks like will be a long time before we know. President Trump and what he does is definitely the current wild card. With the planting season upon us in the US the markets will be watching the weather patterns. Any increase in moisture in the Eastern Corn Belt would most likely bring some planting delays and a possibly some support to prices. The Western Corn Belt is currently reported as drier which will help their farmers to get the crops in the ground. Moisture will be needed however to get them growing.
Our markets had a negative trading week. Spot corn closed down $3 per tonne with harvest for both 2025 and 2026 down $1 per tonne. Soybeans were down $3 per tonne across the board. Spring wheat was down $4 per tonne on the spot market and $3 per tonne for this year’s harvest. Winter wheat was down $3 per tonne for both the spot market and this year’s harvest.
Friday’s thought: Today is good day to have a good day! Enjoy the long weekend.
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.
Delores Seiter | 613-880-7458
Bob Orr | 613-720-1271
Office | 613-489-0956
