Thursday, November 12, 2026, 6:55 am

Wednesday was a mostly positive day for our markets.  Harvest corn closed down 1, harvest soybeans closed up 2 3/4, spot winter wheat closed up 6 3/4 and spot spring wheat also closed up 6 3/4.  In the overnight trade all of our markets have fallen onto the negative side.  Oil closed up $0.52 yesterday at $86.53 per barrel.  It is weaker in trading this morning with it now priced at $85.94.  Our dollar started out yesterday morning at $0.703 US and then went down to $0.699 US late in the afternoon before bouncing back up.  This morning it is currently valued at $0.702 US. 

All of our markets traded for part of the day yesterday on the negative side with soybeans and the wheat sector ending positive.  After the large gain on Tuesday soybean prices were able to close positive for the second consecutive day.  They are now getting closer to the 20 day moving average with this morning’s negative prices pushing that further away.  It would have been nice to have another strong day yesterday to help set the tone for this market going forward.  It is looking more like the market is comfortable with its current prices and might possibly not move too far either way at least in the short term. 

The corn market was unable to sustain any rally after the USDA decreased the yield much larger than expected on Tuesday.  This is most disappointing as you would think that the surprise given to the marketplace would have brought in more price support.  As we look for any bullish news for this market it is hard to see anything occurring until at least next month’s WASDE report.  On the potential bearish side are the peace talks between Russia and Ukraine.  If they do make a peace deal or if they open up the Black Sea for export shipments either of those two events would put large negative price on corn. 

Crude oil prices have pulled back over the last week with reports that peace talks between the US and Iran are moving forward.  President Trump keeps saying that it is unlikely that he will order more bombings at this time.  On the Russian / Ukraine war peace talks being organized by US officials have ended.  Although no agreement was made to end the war supposedly a major prisoner exchange was agreed to.  It is also rumoured that more talks are to take place.  For either of these conflicts it seems that more time will be needed before anybody can state that the wars are over.

Locally the corn harvest is progressing well.  Rumours are starting to fly about elevators getting full.  We have space available and will not be turning farmers away.  Give us a call anytime if you are concerned about this.  It is our job to insure that we can look after our marketplace. 

Geoffrey Guy | 613-880-2707
Adam Plater | 613-220-8961
Bob Orr | 613-720-1271
Tony Mitchell | 613-227-2525
Office | 613-489-0956