The Rural Voice, 1992-12, Page 22In the spirit of the season
we offer thanks and wish you
a Merry Christmas
and a Happy New Year.
LAKEPORT STEEL
HANOVER
519-364-1247
1-800-265-5513
GODERICH
519-524-2171
1-800-265-5183
•
FARM SAW1Y
Give the
gift that counts
to your family .. .
YOU.
Think Safety.
WEST
WAWANOSH
MUTUAL
INSURANCE
COMPANY
Merry Chrislmas
All of us associated with West
Wawanosh Mutual share with you
the joy of Christmas and extend
our wishes for a safe, successful
and happy New Year. N Peever
Manager
When you need Insurance call:
Frank Foran, R.R. 2, Lucknow 528-3824
Lyons & Mulhem, 46 West St, Goderich 524-2664
Kenneth B. MacLean, R.R. 2, Paisley 368-7537
John Nixon, R.R. 5, Brussels 887-9417
Donald R. Sirrpson, R.R. 3, Ripley 395-5362
Delmar Sproul, R.R. 3, Auburn 529-7273
Clinton 482-3434
Laurie Campbell, Brussels 887-9051
Slade Insurance Brokers Inc., Kincardine 396-9513
Chapman -Graham Insurance Brokers,
Owen Sound 376-1774
Chapman -Graham -Lawrence, Walkerton 881-0611
Dungannon, Ont. NOM 1R0 (519) 529-7922
18 THE RURAL VOICE
Grain Markets
feed or hominy and depending on
what livestock you are feeding, you
have other choices as well.
In Ontario, basis levels have shot
up over the past week by 30 cents/bu
to 65 cents over December futures.
In fact, the market is strong enough in
Ontario to make U.S. corn viable as
an alternate supply.
In the U.S., the last production
report raised the crop size to over 9.3
billion bushels, the largest in history.
However, almost 50 per cent of the
crop is still unharvested and under
circumstances that are quite similar to
those in Ontario. Futures prices fell
to new lows right after this report was
issued, but due to the lack of harvest,
futures have moved higher by 13
cents to $2.17 1/2/bu on December
futures.
I will make one other comment
regarding supplies of good quality
corn. There is a good supply of
excellent corn in parts of the U.S. that
are accessible to Ontario. I have had a
number of calls regarding high
quality corn and we have imported
some from southern Ohio and
Illinois. However, the cost of this
corn is about $12 to $15/mt premium
to grade 3 corn from Michigan or
corn from southwestern Ontario.
There is good quality corn in
southwestern Ontario, but the supply
may get used up in rail shipments.
SOYBEANS
The soybean harvest in Ontario is
much further advanced than the corn
harvest, but there is still a large
unharvested acreage in Central
Ontario. Yields have not been up to
average in many parts of Ontario and
it appears that total production may
not meet the requirements of Ontario
crushers. As a result of the crop size
and a falling Canadian dollar, basis
levels have strengthened to the $1/bu
area over January futures with more
gains a good possibility.
The last USDA report increased
the U.S. crop to more than 2.1 billion
bushels but markets were not affected
and in fact showed some strength
because of the poor oil yield from
soybeans. Coupled with good de-
mand, futures should stay relatively
firm.