The Rural Voice, 1995-06, Page 18"Because I was born and raised on a Downie
township farm, I know that agriculture is the
engine that drives the Perth economy. It is also
the second largest industry in Ontario. Let's
restore its importance at Queen's Park."
On June 8th, elect
Grain Markets
"Quality Pays!"
A 1,200 head hog finishing facility near Gorrie, Ont., built
in 1994 for Peter Dinsmore & family by Heritage Builders.
Another quality building by Heritage Builders: a 1,400
head beef finishing barn constructed in 1994 for William
Bennett & Sons Farms Ltd., Gorrie, Ont.
Qxtiag BUILDERS
Winner in 1994 of the Canadian Farm Builders Association
'Master Builder' Award
Clifford Ontario
Tel: 519-327-8840
P.O. Box 111
NOG IMO
14 THE RURAL VOICE
Delays boost prices
Grain markets have been choppy
over the past month albeit in a fairly
narrow range. Planting delays in the
U.S. have been supportive to corn
and more recently to soybeans. In
fact, as this is written (May 17),
another large band of wet weather has
just crossed the whole corn belt.
Through the weekend of May 14,
only 36 per cent of the corn and
seven per cent of the soybeans had
been planted.
Demand for all feed grains and oil
seeds has remained strong with no
downturn in sight. Export
inspections recently have been
running well ahead of USDA
projections for both corn and soys,
which will eventually force a change
in the export demand projections.
CORN
USDA released a supply/demand
report on May 11 that showed no
change in either supply or demand
which was a surprise to me. The first
look at the 95/96 supply and demand
did show a large reduction in
projected carryout for September
1996. USDA used trend -line yields
in this preliminary report and lowered
usage slightly. However, with the
late planting, the trend -line yield of
127 bu/acre for corn will be tough to
achieve. In the last 15 years, there
have been four years when planting
was as far behind as it is this year and
in each of those four years, yields for
corn averaged 16 per cent below the
trend line.
In Ontario, basis levels have held
very well given the fact that the
Canadian dollar has strengthened
some more and is holding cost to 74
cents U.S. Elevators today are
paying between 75 cents and 80 cents
over July futures, which puts Ontario