The Rural Voice, 1993-06, Page 18LIVESTOCK
CONFINEMENT EQUIPMENT
Dairy • Pressure Washers • Hog
' Hog Panels with
Solid Bottom Bar
NEW
Quick Latches and
Stainless Steel Floor Brackets
For More
ATWOOD
KROPF BROS
CONST.
519-356-2249
BRUSSELS
HURON FEEDING
SYSTEMS
519-887-6289
Information Contact Your Local BSM Dealer
GRANTON MILDMAY TARA
AVONBANK
FARM EQUIPMENT
519-225-2507
KINCARDINE
LOWRY FARM
SYSTEMS
519-395-2615
MIDWAY FARM
SYSTEMS
519-367-5358
H NICHOLSON
AND SON
519-934-2343
WELLESLEY/RANNOCH
PROGRESSIVE FARMING
519-656-2709
519-229-6700
14 THE RURAL VOICE
Grain Markets
Looking ahead
Corn and soybean harvest in Ontario
is finally nearing completion, while on
the other side of the coin, planting
progress is excellent after a slow start.
As of May 17, about 80 per cent of corn
acres in Ontario were in the ground
while about 15 per cent of the soybean
crop was planted. Right now, many
producers are actually quite concerned
about the recent weather patterns which
have given us very little rainfall. Is it
possible that we might actually get some
heat as well this year?
CORN
Demand for corn in Ontario is no
better than last month except for the fact
that a small quantity of No. 5 has been
shipped to the U.S. The supply of lower
grade corn has not diminished with the
extra product that has been harvested
this spring.
On the other side, demand has been
slow to steady. A telling fact about the
corn market in Ontario this year is the
lack of demand for good No. 2 corn.
There is some excellent quality corn
available in southwestern Ontario, but
very, very few buyers are willing to pay
a premium for the quality. Generally,
they will buy a No. 3 or beuer at one
price or else opt for No. 5 if they have
the space and knowledge to handle lower
grades. Today I am saying that corn is a
tough sell at prices that are high relative
to feed wheat and in hind sight, the best
sale for corn was last December. Oh, if
we were only so smart!
USDA issued some reports on May
10, 1993 that showed increase in exports
this year of 75 million bushels which in
turn dropped the ending stocks figure.
As well, the 1993 production has been
set at 8.5 billion bushels which coincides
exactly with total usage. Worldwide
carryouts were dropped by 10 million
tonnes which should help to limit
downside risk in futures prices.
However, as always, it will take dry
weather to put any spark under the
market.