The Rural Voice, 1989-01, Page 13teracted by a large crop in the field. But
those who are very bullish don't see a
great expansion of corn or soyabcan
acreage in the U.S. this spring.
The other factor to keep in mind is
the South American soyabcan crop,
which has the potential to create a great
deal of volatility in the futures markets.
In Ontario, don't look for basis lev-
els of either corn or soyabeans to rise
appreciably in the coming year. In fact,
as I mentioned earlier, you might look at
selling a portion of your projected 1989
crops on basis. However, the cash price
for com and soyabeans may have some
bounce if the analysts are right in think-
ing that futures prices will rise.
Small grain supplies in Ontario arc
quite tight this year, but small grains
aren't getting premium prices because
of the relatively large amount of West-
ern grains available. With lakes ship-
ping coming to an end for the winter, the
prices of Western grains could rise when
the water -shipped supplies become
tight. Another positive point for Ontario
grains is the quality factor if grains are
free of wild oats and wild buckwheat.
1988 has been a ycar to remember
for its weather and prices. We always
hope to learn from past experiences and
I know that, as a hedger, I've had the
hedging mentality reinforced in me. As
a producer who needs to hedge when
opportunities are presented, you should
be looking at some of the tools available
to you outside of forward contracting
the actual crop. Included in these tools
is the use of options.
1989 Looks like it will be a ycar of
opportunities. Pricing opportunities
may be presented in the first half of the
year and not necessarily when you arc
prcparcd to think about marketing your
crops. However, get prcparcd. Start
thinking about what you are going to
grow, what prices you need to get for
those crops, at what price levels you will
change crop plantings, and what relief
valves you have if crops don't turn out as
well as you had hoped.
All the best for the Christmas season
and good marketing in 1989.0 (Dec. 9)
This information is taken from
sources believed reliable, but accuracy
and completeness are not guaranteed.
Dave Gordon is a grain merchandiser
with London Agricultural Commodi-
ties, Inc. In Hyde Park, Ont., telephone
519-473-9333 or 1-800-265-1885.
GROW THE RGHT
SOYBEAN
FOR YOUR [AND
B 152: Hu
S 09-70 2800 H.U.
• easy harvesting
• super standability
• yellow hilum
• for sand to clay -loam soils
• yields with 2900 H.U.
varieties but harvests a
week earlier
Sl55O290OH.U.
• taller and higher yields than
B 152 on clay
• good drought -stress
tolerance
• field tolerance and race
resistance to phytophthora
• adaptable to all row widt}s
• yield leader
• proven performance
• good defenses against
phytophthora
• outstanding standabi I � r
• yellow hilum
• hest in rows up to 22" on
sand to clay -loam soils
Northrup King soybean seed
is carefully bred, multiplied
and processed right here in
Ontario. NK's high standards
for germination and genetic
purity give you seed you can
count on for consistent yields,
solid standability and good
harvesting.
Talk to your dealer, or contact us for more information
on growing Northrup King soybeans in '89.
Northrup King Seeds Ltd.
Box 1207 Cambridge, Ont.
NORTHRUP KING N1R 6C9 (519) 621-0890
JANUARY 1989 11