Thursday July 29, 2021
It's a great day if you're a duck but not so much if you are a farmer! A few loads trickled in yesterday and moistures ranged at the end of the day between 15-16%. Sprouts are being seen in every load and test weight is dropping. Quality is becoming an issue and the sooner we get the wheat off the better.
Markets are up overnight.
As the crops are growing, weather is still the main factor for price movement on corn and soybeans. Over the last few days prices have been relatively stable. While Ontario is finishing up wheat harvest, quality has become a concern. Sprouting has been reported in many areas of Ontario and low falling numbers are a concern for our local mills. We will keep you posted.
Marketing grain is a real challenge in a market where price swings are getting bigger. We recommend small contacts over a longer period of time to gain a solid average. Take advantage of target orders amd check prices daily.
Call anytime for marketing advice or if you have questions!