The Rural Voice, 1999-01, Page 48NEW JOHN DEERE 65-, 72-, 80-, AND 90 -HP
6000 TEN SERIES TRACTORS
MORE POYIER,
COMFOR1
NEW optional Triple -Link
Suspension (TLS)
for the 6310 and 6410 is a
John Deere exclusive. It
provides a smoother ride,
which lets you comfortably
work and transport at faster
speeds. It also helps keep the
front tires in contact with the
ground to improve traction in
the field. •
GNI COHTROL
New 4.5 L POWERTECH '
engines deliver up to 50
percent torque rise
Exclusive, optional Triple -
Link Suspension
smoothes your ride for
faster transport and work
ComfortGard " cab has
new digital/analog instru-
mentation, programmable
lighting, optional Field
Officer, case, increased
cooling capacity, and more
comfortable seats
IVAN J.H.
CARMICHAEL LTD.
Chatsworth
519-794-2480
HURON TRACTOR LTD.
Exeter 519-235-1115
Blyth 519-523-4244
R.R. 4 Thamesford 519-285-3845
ELMIRA FARM
SERVICE (1981) LTD.
Elmira 519-669-5453
Ospringe 519-833-9332
LMS EQUIPMENT INC.
Listowel
519-291-5390 4
GOOD DEALS...AND A GOOD DEAL MORE
44 THE RURAL VOICE
Grain Markets
America. What do you as a seller
hear? Right, you heard the words dry
weather. At this point in time which
piece of information will have more
affect on corn pricing? Right again,
high production figures. This is just
one example of the information you
will receive and how you evaluate it
and draw judgement from it will help
you determine a conclusion.
I will repeat an old axiom, markets
are driven by greed and fear. In other
words, sellers get greedy when prices
are rising and become fearful if prices
drop. Both of these reactions are
subjective and should carry rumor
weight. Objective reasoning should
always prevail first and foremost.
I will now give a few comments
on grains. Statscan just released their
production estimates for all grains. Of
importance to Ontario is the corn
production figure of 237 million
bushels (Wow!!) and a soybean crop
of 86 million bushels. Total soybean
production in Canada is virtually the
same as last year but the corn crop is
1.9 million tonnes higher than last
year. So, we know that there are all
kinds of grain in North America and
we also know that corn demand is
going to struggle to come close to
matching the supply. For soybeans,
soy oil prices have been relatively
good but oil only accounts for 11
pounds in every bushel of beans.
Most of the balance is accounted for
by soy meal, and soy meal demand is
sagging. Barring a major drought in
South America in the next three
months, prices will struggle to
maintain today's levels. In Ontario,
soybean exports were fairly good at
harvest time but corn exports need to
pick up substantially if we are to see
stronger bean levels later in the
marketing year. This is one of those
infrequent years in which demand in
Ontario will not be well above
domestic production.
Finally, I wish everyone who
reads this column a very happy and
blessed Christmas and trust that the
New Year will bring you many new
opportunities.0
Information supplied by Dave Gordon,
LAC, Inc., Hyde Park, 519-473-9333.