The Rural Voice, 1997-05, Page 20ANTIQUE TRACTOR SHOW
ANTIQUE CAR SHOW & FLEA MARKET
23rd Annual
CLIFFORD '97
May 31 & June 1
THIS YEAR FEATURING
INTERNATIONALTRACTORS & EQUIPMENT
111
HARVESTER
All I.H. enthusiasts are invited to attend and display.
To reserve space, call Jim Harkness 519-338-3946.
TRACTOR EVENTS:
- Saturday • Tractor Horsepower Contest, 1:00 p.m.
• Slow Races, 2:00 p.m.
- Sunday • Antique & Classic Tractor Pull, 1:00 p.m.
TOY SHOW - Sunday, 9:00 a.m. - 4:00 p.m.
KIDDIE TRACTOR PULL - Sunday, 1:00 p.m.
BREAKFAST - Saturday and Sunday a.m.
DINNER - Saturday, 5:00 - 7:00 p.m. by Church Ladies
Be sure to see the automobiles, trucks, tractors, engines, models & farm
implements displayed in the arena and on the grounds at the
COMMUNITY CENTRE CLIFFORD, ONTARIO
GATE ADMISSION: $3.00 - children 12 and under free
The Historical Automobile Society of Canada, Maitland Valley Region & The Clifford Rotary Club
O‘"
100 STEED gq��s
We are a
STEEL SERVICE CENTRE
located in Barrie and Owen Sound, accommodating the needs
of Contractors, the Farming Community and Manufacturing
• Beams
• Sheet
• Pipe
• Flat
• Angle Iron
• Tubing
• Channel
• TV Towers
Call Us Today!
Owen Sound
1399 2nd Ave. East
Phone (519) 371-8111 Fax (519) 371-6011
Barrie
10 Sargeant Dr.
Phone (705) 728-0660 Fax (705) 728-6562
16 THE RURAL VOICE
There seems to be a large quantity of
corn on farms yet to be marketed and
my feeling is that this corn will hit
the market in June and could cause
basis to soften at that time.
In the U.S., corn stocks were
lower on Manch 1 than traders
forecast with the increase in usage
coming from the feed sector. At the
same time, planting intentions for
corn came in at 81.4 million acres,
slightly higher than expected, but
only good enough to produce 9.5
billion bushels at trend line yields. If
good weather prevails through the
month of May, more corn will get
planted than intended which may take
away from some soybean acres.
On April 11, the USDA S/D report
lowered corn carryover by 50 million
bushels reflecting the increased feed
usage while lowering the projected
exports. Once again, prices gained
immediately after the report, but
couldn't hold the gains.
Corn prices could remain in a
trading range until the 1997 crop size
is established, although I see no
reason right now to worry about any
substantial weakness.
SOYBEANS
The USDA report on March 31
caused a lot of head shaking the
following day. The original quarterly
stocks were well within industry
estimates but USDA suddenly
realized that the stocks in Mississippi
were overstated by 22 million
bushels. The market reacted by
opening limit up on April 1 and
proceeded to make contract highs
within two days. However, the gains
could not be held and prices dropped
60 cents during the week of April 7.
Some analysts think that because the
crush and export sales have been
coming in at lower levels, some
rationing may already be taking
place.
In Ontario, basis levels have held
firm with old crop at $2.95 to $3 over
May futures and new crop at $2.15 to
$2.25 over November futures. The
crushers have very strong bids for
both crops and there is no reason for
the demand to back off, especially in
the old crop. However, if soybean
plantings are as large as predicted,
today's new crop basis will likely
weaken back to export levels. The
concern will be what do we do with a
crop of 85 to 90 million bushels and