Ontario Grain Market Commentary, November 13, 2019

Wednesday, November 13, 2019
Commodity Period Price Weekly Movement
Corn CBOT Dec 3.75 ¼ ↓ 3 ½ cents
Soybeans CBOT Jan 9.15 ¼ ↓ 12 cents
Wheat CBOT Dec 5.09 ↓ 7 ¾ cents
Wheat Minn. Dec 5.15 ¼ ↓ 8 ¼ cents
Wheat Kansas Dec 4.24 ¾ ↓ 2 ½ cents
Oats CBOT Dec 3.05 ½ ↓ 1 ½ cents
Canadian $ Dec 0.7545 39 point
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Market Trend Commentary for November & December

U.S and the World

Combines have been rolling throughout the American corn belt, Ontario and Quebec. Harvest weather, as always presents challenges for farmers and 2019 continues to go down as a year to remember. Rain and snow have inundated much of the American corn belt, slowing harvest. This is on top of a crop, which was planted late and not as mature as it usually is this time of year. As of November 4th, 52 % of American corn had been harvested versus 74% last year. On November 3rd, 75% of American soybeans had been harvested compared to 81% a year ago. 

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