The Rural Voice, 1991-08, Page 19still the Ontario bids are slightly
higher than comparable U.S. bids.
Soybeans did not react to the
recent weather concerns the same as
corn, a good indication that traders are
not concerned with any crop deteriora-
tion at this point because of the large
stocks in North America. As a result,
producers may not have much oppor-
tunity to see markedly higher prices
over the balance of the summer.
FEED GRAINS
Feed grain prices have stayed rela-
tively soft, even though corn prices
have strengthened somewhat. When
corn hit its bottom last week, barley
and mixed grain were over priced in
relative terms. Producers generally
weren't willing to take lower prices,
and actually may need the extra grain
from 1990 if they are feeders.
Old crop barley is trading at $80
per metric tonne (mt) with new crop
bid at about $75 per mt. There is very
little demand for mixed grain, and at
$70 per mt, any producers who are
feeders should seriously consider
feeding as much as possible.
Once again, Ontario wheat will be
a major factor in the feed market, and
will be priced very competitively to
corn. If you are a feeder, you should
really think about using wheat in your
rations, as the wheat quality this year
is very good. Also, keep in mind that
a large wheat crop is coming along in
Western Canada.
The markets over the past month
did not follow the trends of the past
two years when markets were very hot
over the July 4 holiday. This year, the
markets kept falling though the early
part of July to lower levels than pre-
dicted. In the past, traders have
"killed" the crop by the first of July.
Did they "make" the crop this year
by July 1? Are these same traders and
analysts going to be disappointed by
the crop size come November? Only
time will tell. One thing to keep in
mind is that markets to this point have
been predicated on excellent growing
conditions and resulting large crops of
corn and soybeans. But we still have
three months to go before harvest, so
don't give up!O
Information supplied by Dave Gordon,
LAC, Inc., Hyde Park, 519-473-9333.
HURON COUNTY
PLOWING MATCH
Aug. 29-30, 1991
at the farm of
KEITH AND BONNIE
JOHNSTON
and FAMILY
L. 37, Conc. 1, Morris Twp.
No admission fee
AUG. 29, 1991 Is 4-H SODBUSTERS ACHIEVEMENT DAY
• Coaching — 9:30 a.m. • Plowing — 2:00 p.m.
PLOWING MATCH FEATURES
• Plowing • Queen of the Furrow Competition
• Horse Shoe Pitching • Log Sawing
BUFFET AND AWARD PRESENTATION
AUG. 30/91, 5:00 P.M. at the Johnston farm. Tickets available.
For further information call
Graham Craig
887-9381
or Claire Diechert
236-4130
Hill -Hill
VARNA
FARMS
LIMITED
Now Available:
• Seed Winter Canola and
Harus White Winter
Wheat Seed
• Custom Seed Wheat
Cleaning
ONT.
Contact:
BEV HILL PETE ROWNTREE
233-3218 °C 233-7908
AUGUST 1991 15