The Rural Voice, 1985-11, Page 8SNOWBLOWERS
SUPERIOR DESIGNS
OPEN AUGER
EXTENDED END PLATES
HEAVY DUTY BALL BEARINGS
MANUAL & POWER HOODS
PRESSED STEEL FRAMES FOR ADDED
STRENGTH
BA R FOOTS
Wiarton, Ont.
(519) 534-1200
DEALER
INQUIRIES
WELCOM ED
TWIN COUNTY GRAIN ELEVATOR
is ready to handle your 1985 grain crop
Corn, Soybeans, White Beans
• FAST EFFICIENT SERVICE • TRUCK HOIST
BUY, SELL, STORE, OR CUSTOM DRY
TWIN COUNTY GRAIN ELEVATOR
R.R. 3, Brussels,
Ontario
NOG 1H0
519-356-2292
519-356-2293
Brussels
Usiowei
Newry
Rodger Diegel,
Manager
RES: 519-356-2354
6 THE RURAL VOICE
FARM
COMMODITY
WATCH
Prices as of October 15, 1985
LIVESTOCK GAIN GROUND
— WET WEATHER HAMPERS
U.S. GRAIN HARVEST
CORN — Corn traders were exposed
to several mixed fundamentals during
the month as weather, export sales,
crop reports, and currency market
volatility all played their part in the
grain pits over the month. December
corn futures closed at 220 3/4, a gain
of 2 1/4 cents over the month. The
USDA crop production report releas-
ed on October 10 indicated produc-
tion estimates of 8.603 -billion bushels
of corn, nearing a billion bushels over
the production levels of last year.
Traders were surprised at the
number, as it exceeded most early
estimates. Soviet grain production
estimates remained unchanged.
Harvest progress was definitely
behind average, as western corn -
growing areas were slowed with wet
weather over the week of October 7.
Forecasts for the week of the 15th ap-
peared more optimistic, with a
generally sunny forecast for five
days. Currency markets became very
volatile early in October with indica-
tions that the U.S. was going to take
active steps to push its currency lower
to improve its export business.
Details are still few, but this
philosophy may have a positive im-
pact on grain prices. **HEDGERS**
should consider a few possibilities:
selling cash and buying paper is a
popular strategy that generates cash
flow; storing cash and buying PUT
options leaves the storer to either gain
or lose from basis change,
Remember that there is no law th.,,
says you have to buy back paper t
you sell corn off the field. There is lii
tle to suggest much upward potential
in the medium time frame.
SOYBEANS — A rally in the core
market beginning in late September
failed to excite bean traders, and for
the most part beans took a back seat
to corn and wheat activity. November
beans closed at 503 1/4 on October
15, a decline of 12 1/4 cents over the
month. Contract lows of 499 3, 1