Maizeing Acres Inc. Cash Bids
Notes Basis Cash Price (tonne) Cash Price Futures Price Basis Month
Corn
Soybeans
Wheat, SRW

Quotes are delayed, as of July 24, 2021, 11:59:20 AM CDT or prior.
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
Corn
Quotes are delayed, as of July 24, 2021, 11:59:20 AM CDT or prior.
Soybeans
Quotes are delayed, as of July 24, 2021, 11:59:20 AM CDT or prior.
Wheat
Quotes are delayed, as of July 24, 2021, 11:59:20 AM CDT or prior.
Canadian Dollar
Quotes are delayed, as of July 24, 2021, 11:59:20 AM CDT or prior.
Important Information

 

Office (call or text): 705-313-2082
Donna: donna@maizeingacresinc.com
cell: 705-930-3488
Pete: pdarcher@xplornet.com cell: 613-391-9218 

 

 

Weekend Hours:

Campbellford & Wooler Road

7 am until combines shut down

 

We are starting to see a bit of feed wheat.  Most of the wheat we've seen so far has been grade 2, but there are spouts present in many samples, and that will continue to increase, the longer the crop remains in the field. Most of the wheat coming in is dry. 16% wheat costs about $7.50 to dry; a far cry from a $20 feed discount. This wet weather situation is becoming a serious threat to wheat quality. Michigan has seen $3/bu discounts for feed. I don't think Ontario will get that nasty, but keep in mind if U.S. feed wheat fills our Quebec market, then what do we do with it? Don't mess around.  If you get a chance to combine, get it done. Drying is cheaper than grade discounts. Wheat always keeps life interesting.

 

 Lots of volatility in the markets these days. Tight old crop supplies and drought in the NW US midwest is creating lots of uncertainty. Seasonally speaking, we usually see grain markets sell off in July as some rains fall at pollination. Will that happen this year? No one knows. We are likely in for a roller coaster the next little while as forecasts come and go. So, what do we do? If you have nothing done, sell something. These are historically great levels and one weekend rain can take away great opportunity.  You can't let that happen. What don't we do? Don't sell too much. Buying out of the sale because of crop failure when it's $2 higher this fall won't be fun either. Yes we can roll crop years and commodities to somewhat avoid this but with big inverses in the market, between crop years that may be painful and mess up another year's revenue.

1. Avoid big moves; think incrementally.  A bunch of little mistakes are often better than one big one. 

2. Think profit, not price.  Use COP-based target orders.

3. Know the penalties for non-performance on forward contracts. This is NOT the same everywhere. VERY important.

4.  Understand why you need to be hedged in the proper crop year and the impact of rolling into inverted futures.

5. Don't be afraid to step out a couple years. Usually it doesn't take farmers a long time to fix shortages. 

 We are going to be looking for more office staff for logistics, grading, customer service and grain origination. If you or someone you know is interested, email Donna a resume.

Are you interested in having the proceeds from your grain sales deposited directly into your bank account?  It's quick, easy, secure, and pre-harvest is the time to get it done!  Contact the office for details.

Jeff is booking summer excavation work. He is also licensed for septic beds and does house basements in addition to the fenceline work. A Jeff of all trades if you will... 

Ag Market Commentary
Hog Complex Mostly Higher -

Lean hog futures were mixed going into the weekend. The nearbys were 5 to 90 cents stronger at the close, while deferred contracts fell 17 to 25

Cattle Close Black Heading into Weekend -

Pre report positioning left futures 42 to 70 cents in the black for the weekend. USDA has confirmed cash trade has been moderate through Thursday

Friday Cotton Found Strength -

After giving back most of Thursday’s gains, front month cotton prices were mixed to mostly weaker at the close. Going into the weekend, prices

Friday Wheat Drops into Close -

Wheat futures ended the session in the red. CBT SRW futures were 4 1/4 to 8 1/4 cents in the red. KC HRW futures closed the session 4 1/2 cents in

Corn Drops Double Digits Ahead of the Weekend -

Going into the weekend, front month corn futures were 10 1/4 to 18 1/4 cents weaker. December prices ended the week with a 22 1/2 cent loss from

Beans Close with Double Digit Losses -

Front month soybean prices ended the last trade day of the week with losses of 3 1/4 to 15 1/2 cents. August was the sharpest drop, but remained

Full commentary...


The CME Group Intercontinental Exchange