The Rural Voice, 1994-02, Page 21Grain Markets
take place. Currently, the basis for
old crop soys is $1.75 over March
futures and new crop is at $1.40 over
November futures.
FEED GRAINS
Western feed grain prices
strengthened over the past month in
keeping with higher Chicago corn
prices. Western wheat has gained to
the $149 area while Western barley is
now trading for $134/mt. Even at
these higher prices, wheat will still
replace corn in feed formulas.
Ontario barley has also strengthen-
ed and is trading for $115 to $120,
depending on quality. At this price,
barley is a good buy relative to corn.
In summary, I'm still friendly to
grain prices, but we may have to wait
until spring or early summer for prices
to improve from here. Stocks should
be lowered substantially by spring and
prices could get a little volatile if
supply is interrupted for any reason.
It's much too early to talk about
spring planting weather, so don't
depend solely on a weather market to
implement your marketing plans. If
you can lock in a profit based on your
own 10 -year yields, don't get greedy.
Markets like we are seeing right now
come along once every five or six
years, and given the fact that prices
are usually unprofitable during the
other four or five years, producers
should lock in profits on as many
crops as possible. Don't get con-
cerned if prices go higher because you
already have a profit locked in. I be-
lieve strongly that producers have to
take advantage of years when prices
are high rather than marketing each
year after the crop is harvested and
taking the price that is available at the
time.
Two other points of interest before
I close. Firstly, the U.S. wheat
carryover was reduced by 44 million
bushels and with high wheat use, the
carryover could drop farther.
Secondly, an indication of just how
global the grain market has become is
the fact that China has higher corn
stocks than the U.S. and Brazil has
higher soy stocks than the U.S. What
a change in a few short years.0
Information supplied by Dave Cordon,
LAC, Inc., Hyde Park, 519-473-9333.
clear
Otit
SAIF
TRI -BAR Hog Slats
16 - 24" x 71 /2', 34 - 30" x 71 /2', 44 - 24" x 7' (round bar) $5.75/sq. ft.
40 - 30" x 42", 20 - 30" x 24", 43 - 30" x 23", 35 - 30" x 20" 5.00/sq. ft.
12 - Farrowing crates - Dutch style, angle, doubles 480.00/ea.
35 - Plywood dividing posts, galvanized, 2 -way and 3 -way 7.00/ea.
12 - Tri -Bar with heating (creep area 30" x 30") for angle crates....700/sq. ft.
10 - Tri -Bar with heating (creep area 15" x 48") for standard crate
8000 ft. Special hot water heating hose for creep areas and
cement shop floors, etc. 0.65/ft.
280 - 14" alloyed aluminum sow troughs, Rust -free 35.00/ea.
10 - Wet/Dry hog feeders, single 125.00/ea.
15 - Variable speed ventilation fans, 16" Endola electric
motors & blade 238.00/ea
4 - Phason Temperature control with read-out thermostat 95.00/ea.
- All types of drinker nipples 3.00/ea.
- 3/4" PVC water line, tees, couplers, etc.
- 24" double drinker pipes and wall brackets 11.00/ea.
130 - 5/8" Fibreglass coated plywood - 291/2" x 50" 1.50/sq. ft.
120 - 1/2" Waterproof plywood (7 layers) mahogany
brown, 4' x 8', good on 2 sides, excellent for
cement forms 1/2" - 2.45/sq. ft.
250 - 3/4" Waterproof plywood (12 layers), mahogany
brown, 4' x 8', good on 2 sides, excellent for
cement forms 3/4" - 2.60/sq. ft.
40 - Steel shelving - 36" wide x 7' 2" high x 12" and 18"
deep with any amount of shelves and dividers (parts bin).
Sold in doubles only. 235.00/ea.
Contact:
TRI -BAR FLOORING LTD.
Div. of H. Van Moorsel Insulation
Hwy. 23 north of Mitchell
519-348-9376
FEBRUARY 1994 17