The Rural Voice, 1992-05, Page 21GRAIN MARKETS
into New England out of Quebec
have slowed down considerably
because of the low flat price.
New crop basis levels have
continued to strengthen in Ontario to
10 cents over December futures at
elevators because of the uncertainty
surrounding acreage guesses. We
could sec a drop of 10 per cent or
more in Ontario corn acres as a result
of the huge wheat planting last fall.
Going back to the USDA reports,
stocks of old crop corn were
increased by 100 million bushels and
about 50 million bushels were added
to the projected carryover. In
addition, USDA planting intentions
for corn came in at 79 million acres,
an increase of about three million
acres. Given these two reports, new
crop corn prices will remain under
pressure unless weather becomes a
concern while old crop corn prices
will depend on some further export
demand as domestic usage appears to
be stationary.
SOYBEANS
Soybean prices have stayed rela-
tively flat despite good progress har-
vesting South American beans mainly
because of excellent bean exports and
a heavy bean crush in the U.S. The
good export demand actually dropped
projected carryover stocks of soy-
beans and left soyoil stocks un-
changed while soymeal stocks were
increased. This is an indication of a
heavy crush to meet oil demand
rather than for meal demand and I
would suggest that we eventually
need to increase meal exports in order
to avoid burdensome supplies of meal
that could weigh on prices.
Basis levels for old crop soybeans
in Ontario have strengthened despite
the recent strength in the Canadian
dollar which indicates good demand
for stored beans. New crop basis
softened slightly with this late move
in the Canadian dollar. These value
changes were at the crushers while
the elevators have kept basis levels
even with last month. Old crop basis
should strengthen as stocks in Onta-
rio are used up over the next three
months while new crop basis will
more closely reflect the value of the
Canadian dollar.
When haying turns
into a race against
the weather,
SILA-PRIME HELPS
YOU WIN!
Call today.
Nuhn Bio -Tech
"The Innoculant
Specialists"
(519) 393-5770 1,,>f1,7 •-t..7,,,•••••:•'::' ;tete ::;.!
Pre -Season Discounts on
,.
G.S.I. TOP DRY
?HOWDOES THE G.S.I. SYSTEM WORK?
1) Grain is loaded into the upper
chamber of the bin, and
dried as a batch
2) When the grain is dry,
the burner automatically
shuts off
3) The operator lowers the dump
chutes with a winch, and the
grain falls to the lower part of
the bin for cooling/storage
4) The dump chutes are cranked
closed and another batch is
loading into the drying chamber
WHY IS A TOP DRY A BETTER INVESTMENT
THAN A STIRRING MACHINE?
1) LOWER OPERATING COSTS
• Uses much less fuel because it recycles cooling air through the drying zone
• No gear boxes, motors, or bearings inside the bin
• 100% galvanized construction inside and outside
2) FASTER DRYING
• 2 to 3 times faster per horsepower than a stirring machine because of lower
grain depth (30")
FOR MORE INFORMATION OR A FREE ESTIMATE, CALL TODAY
(AtmAR)
GRAIN SYSTEMS LTD.
244 Wellington St. W., Unit B,
Exeter, Ontario NOM 1S2
(519) 235-1919 / Fax: (519) 235-2562
MAY 1992 17