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FRAMES
phone
881-
3511
Walkerton 419 Durham St.
■■■■U.U...■•■■■■■■••■■■■■■■
CARMAN CAMERASSees
Service
Rentals
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CULROSS MUTUAL FIRE INSURANCE COMPANY
EST. 1871
Teeswater, Ontario
For quotations on FARM and HOME INSURANCE
contact the nearest Broker or Agent:
Harold Fair
James G. Mair
Eric R. Thacker R.R.
McDonagh Insurance Broker L
Kincardine
Teeswater
4. Kincardine
td. 1-800
Lucknow
Teeswater
396-7082
392-6806
395-5829
-265-3013
528-3423
392-6200
For claims, contact your nearest
Director immediately or the company office:
Lloyd Hehn, R. R. 3, Walkerton
Ronald Hewitt, R. R. 2, Kincardine
Gerald Murray, Holyrood
David Grant, R. R. 1, Formosa
John A. Ross, R.R. 1, Formosa
Robert Ferris, R. R. 2, Cargill
392-6307
395-2774
395-5250
392-6635
392-6119
353-5365
COMPANY OFFICE
Teeswater 392-6260
WE INSURE YOU TODAY FOR TOMORROW
10 THE RURAL VOICE
GRAIN MARKETS
1989: A YEAR OF
OPPORTUNITIES
Nineteen eighty-eight has proven to
be a year of major swings in prices, large
ranges in grain yields, wide variations in
weathcr patterns, and, as a result, great
variations in income.
When futures prices reached their
highs, many producers didn't know
what effect the drought would have on
their crops and so were understandably
reluctant to do any forward pricing.
Bccause of short corn crop fears in
Ontario, basis levels gradually strength-
ened to a peak in late November. The
effect of the countervailing duty on U.S.
corn is seen most clearly in a short crop
year such as 1988.
A challenge to the legality of the
countervail duty was launched against
the import tribunal but it doesn't appear
that any action will be forthcoming right
now. But this doesn't mcan corn basis
levels have room left to move higher.
The Canadian dollar strengthened in
1988 from the 77 cent U.S. arca to the 84
ccnt U.S. arca and many analysts be-
lieve it will continue to rise into the 89
cent to 90 cent arca in the next year.
Soyabcans led the futures markets
higher in 1988 and had extreme volatil-
ity throughout the summer and early
fall. In Ontario, the soyabean crop
wasn't reduced as much as expected at
one time, but with exports running
ahead of last year, at this point fewer
beans arc available to the crushers.
However, with the Canadian dollar
strengthening, further exports arc going
to be tougher to make and basis levels in
Ontario will only improve if local de-
mand and import values warrant. To-
day, the local basis for new crop soya -
beans is running well above U.S. export
values and producers might be advised
to take a look at forward selling some
new crop 1989 soys on a basis contract.
Many analysts think the grain mar-
kets still have some room to move down
before seeing a recovery in the new year.
Opinions differ, with some predicting
that we'll see major strength, especially
in the old crop grains, while others see
only a moderate strengthening.
Usually, the effects of a short crop
arc not felt until the following spring and
early summer. This is generally coun-