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

Quotes retrieved on November 27, 2020, 04:55:40 PM CST
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 retrieved on November 27, 2020, 04:55:40 PM CST
Soybeans
Quotes retrieved on November 27, 2020, 04:55:40 PM CST
Wheat
Quotes retrieved on November 27, 2020, 04:55:40 PM CST
Canadian Dollar
Quotes retrieved on November 27, 2020, 04:55:40 PM CST
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:

Call ahead.  Let us know what your plans are.  If you can combine, we'll be open! Currently we have no interest at Wooler rd but Campbellford is running

A memorial parade is being held for Scott Brown this Saturday.  Everyone is welcome to join with their tractors, big trucks or pick ups.  Meet on Brock Concession Road #14 between Simcoe & Highway 12 at 10:30 am.  A carpool will be leaving our Campbellford location at 8:30 am.  Let us know if you want to join us.

Sorry we have been a little lax in the market commentary department lately. It looks like there is no shortage of sellers fatigue out there. Very frustrating selling at profitable and historically good levels and yet watching markets continue to rise. You are not alone, as there are very few so called experts that saw this coming. However, looking back and dwelling on sellers remorse is not gonna change anything, looking forward and making plan can. This is very evident when it comes to new crop target orders... or more so, a lack of them. It is still early but one has to keep in mind that time, can both work for and against you. Usually $200 buys gobs of new crop corn but not this year. This corn market, both basis and futures is clearly led by the export market which is pretty unusual. That alone makes it pretty hard to say how long exporters stand in. The ethanol plants, normally a big demand driver, are still struggling with sluggish fuel demand and high priced corn. They wouldn't be bidding what they are if it weren't for the export bid. That's kind of a long way of saying, yes, we have pretty good values, the trend is up, but it aint all sunshine and roses. More covid restrictions could shut down e plants over night and when the water closes, export bids likely back off too. 

  So enough bla bla bla, what's an actionable plan? First off, old crop beans are almost gone, it's a great price, sell em and buy your husbands something pretty, ladies. Old corn, I would stay with my "never put corn in commercial storage, cuz it hardly ever pays" rule. You think it's gonna be $250 by summer? OK... (checks calculator) that's breakeven. Storage and elevation kicks in Dec 1, deferred pay is a low risk option. New crop, prices are inverted (lower than old crop), this has a tendancy to pull the deferred values higher in time. We already sold a bit of corn to get started. If $200 is not good enough, I would suggest putting some offers in a bit above that. $205? $210? $220? Nobody knows how high it will go so, back it up to our 5 step plan again. Focus on profit, not on price. I think if you do that, profitability looks pretty darn good at those levels. Call if you want to talk about your specific situation. 

 

 

 We have decided to make our offices not public places to meet the latest Covid restrictions. Please stay with your trucks and watch signal lights. At the pits, we will be letting you crank your tarps/gates to avoid extra human contact. To aid communications, you might consider adding a cb to your truck. If you would prefer weigh tickets emailed to you to avoid the mailbox, let the office know.   

 

Ag Market Commentary
Wheat Bounces on Friday -

Wheat futures clawed their way back higher on Friday, with KC leading the way, up 17 ¾ in nearby Dec. Chicago was up 7 ¼, with MPLS 7 ½ cents

Corn Posts Friday Gains -

Corn futures rebounded from the Wednesday session losses, with gains of 6 ¼ to 7 ¾ cents on Friday. Private exporters reported 302,160 MT of corn

Cotton Higher at Friday’s Close -

Cotton futures saw gains of 73 to 99 points on Friday. USDA reported a total of 354,689 RB in export bookings during the week of November 19. That

Hogs Close Lower to End the Week -

Lean hog futures were steady to 22 cents lower in the front months on Friday. The CME Lean Hog Index for Nov 24 was down 32 cents at $67.38. The

Cattle Lower on Friday -

Live cattle futures closed 70 cents to $1.20 lower in the nearby contracts on Friday. Feeder cattle futures were down 30 to 55 cents on the day. The

Soybeans Close in the Black on Friday -

Soybean futures rallied 7 ¾ to 9 ¼ cents in the front months on Friday. Soybean meal was up $1.10/ton, with bean oil 63 points higher. The weekly

Full commentary...


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