The Rural Voice, 1992-11, Page 20• Cush,onair 300
800-1100 bulhr.'
CP() KOPIGSKILDE
GRAIN VACS
AND
GRAIN
CLEANERS
• Cushionair 500
1400-1800 bulhr.'
(ALmnR)
FEED BINS
• ALL GALVANIZED CONSTRUCTION
• WEATHERTIGHT
• ECONOMICAL
FLEX-FLO AUGERS
• 5 SIZES: 2" - 5"
• BELT OR DIRECT DRIVE
• COMPLETE LINE OF ACCESSORIES
GRAIN SYSTEMS LTD.
244 WELLINGTON ST., EXETER, ONTARIO NOM 1S2
519-235-1919 or call Brad Marsden, evenings 519-235-2018
Head
Office
Dufferin Mutual
Insurance Company
Contact our Broker in your area
and ask for ... DUFFERIN MUTUAL
Atwood Cockwell Insurance Brokers Ltd. 519-356-2216
Collingwood.......Culham Insurance Brokers Ltd. 705-445-6100
Howard Noble Insurance Ltd. 705-445-4738
Simpson 8 Company 705-445-3151
Dundalk Howard Noble Insurance Ltd. 519-923-2313
Durham Chapman, Graham & Lawrence Insurance .........519-369-3131
Grand Valley Grand Valley Insurance Brokers 519-928-2851
Hanover Chapman, Graham & Lawrence Insurance 519-364-2790
Markdale Tebbutt Insurance Brokers Ltd.... 519-986-2167
Chapman, Graham & Lawrence Insurance 519-986-4351
Meaford Georgian Bay Insurance Brokers Ltd. 519-538-2102
Owen Sound L.A. Chester Insurance Ltd. 519-371-0232
Shelburne Crewson Insurance Brokers Ltd. 519-925-3145
Southampton Stan Hills Insurance Broker Ltd. 519-797-3431
Thombury Howard Noble Insurance Ltd. 519-599-3812
Walkerton Chapman, Graham & Lawrence Insurance 519-881-0611
Shelburne, Ontario
110 Adelaide St., P.O. Box 117, LON 1S0
519-925-2026 1-800-265-9115 Fax 519-925-3357
1895 — 100 years — 1995
16 THE RURAL VOICE
Grain Markets
Outlook not bright
USDA released some updated crop
production figures in early October
which increased already record corn
and soybean crops. As a result, futures
prices have been under some pressure,
although the soybean complex has not
dropped into new lows because of
excellent demand. Harvest progress in
the U.S. is behind normal but gaining,
with soybean harvest 70 per cent
complete and corn harvest at 25 per
cent done.
CORN
Basis levels in Ontario are on a
roller coaster because of the fact that
harvest is starting off slowly. Old crop
prices fell by 20 cents/bu during the
first week of October but gained an
equal amount right after Thanksgiving.
Today, basis levels for FOB com are
75-80 cents over December futures.
This premium over November ship-
ments has encouraged some producers
to go to the field and harvest some com
at 33 to 36 per cent moisture. The qua-
lity of this corn isn't too bad consider-
ing how immature the crop is. Need-
less to say, any old crop corn should
have been sold by the time you read
this.
New crop bids are in the area of 25
cents over December futures FOB farm
which is a significant drop from
today's premiums. However, it's
tough to say whether the drop from
today's spot prices to new crop prices
will be sharp or gradual.
The last USDA report showed
another increase in corn production to
8.938 billion bushels and many people
are saying the November report could
show another increase of as much as
500 million bushels. If the projection
comes true, futures prices will struggle
to stay above $2 per bushel and the
prospects for improvement during the
winter months will not be good.
In Ontario, some feed corn demand