The elevator is open 7 am to 7 pm going forward (weather permitting) including weekends.

Friday was another mostly positive day for our markets.  Harvest corn closed up 3/4, harvest soybeans closed up 8 3/4, spot winter wheat closed up 1 1/4 and spot spring wheat closed down 1.  In the overnight trade corn, soybeans and winter wheat are positive with spring wheat mixed.  Oil closed up $0.08 on Friday at $57.54 per barrel.  It is weaker in trading this morning with it now valued at $57.09 per barrel.  Our dollar traded between a low $0.711 US and a high of $0.714 US on Friday with it closing out at $0.713 US.  With some choppy trading in the overnight session our dollar is once again valued this morning at $0.713 US.

Last week was a positive week for our markets.  The majority of the increases came via strength in local basis levels as our dollar continues to slowly weaken against the US dollar.  Harvest 2025 corn closed up $8 per tonne with harvest 2026 corn up $3 per tonne.  Spot soybeans closed up $11 per tonne with harvest 2026 up $8 per tonne.  Spring wheat was up $1 per tonne for this year and $2 per tonne for next year.  The winter wheat market was up $4 per tonne for this year and $3 per tonne for next year.

More optimism for the soybean market this morning on the CBOT with President Trump telling reporters on the weekend that he is looking for China to start purchasing US soybeans again.  He stated that he wants them to bring purchases back to previous levels (let’s say 20 million tonnes a year to start).  He also stated that the US negotiators were willing to negotiate with Chinese representatives in order to make a deal.

Corn prices have closed positive for 4 consecutive trading days and look like they are going for a 5^th day today.  As we talked about on Friday the marketplace is hearing lots of stories about reduced yields in the US and is uncertain just how much of a yield pullback is occurring.  Of course this cannot be confirmed with the US government shutdown that is currently in place.  Private forecasters are making their projections but we all know that the market loves to trade on what the USDA tells them and currently this is not occurring with the shutdown.

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.