Today is our Annual Customer Appreciation Day.
We hope that everybody can attend however if you cannot make it just give the office a call. Contracts can be made over the phone or via email (info@northgowergrains.com). We will both be posting on our website and sending out an email (around 10 am) announcing today’s special one day pricing.
Yesterday was a negative day for our markets. Harvest corn closed down 4 3/4, harvest soybeans closed down 9 3/4, harvest winter wheat closed down 17 and harvest spring wheat closed down 3 1/2. In the overnight trade corn, soybeans and winter wheat remain negative with spring wheat alone on the positive side. Oil closed down $3.37 yesterday at $64.37 per barrel. It is stronger in trading this morning with it now valued at $65.03 per barrel. Our dollar had a high yesterday morning before noon of $0.731 US and has trended lower since then. This morning it is currently valued at $0.728 US.
Our markets continue to be in a sell off mode with favourable growing conditions occurring in the US. Currently the supply side of the market is dominating and managed money must be increasing their short positions (looking for prices to go down) which is helping to drive prices lower.
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