[Farmmarketnews] Wednesday Ontario Commodity Report & Ahmed Chimeran Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Dec 21 16:08:19 EST 2011
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 21
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.0286 up 0.0001
Chicago corn closed moderately higher.
MAR12 HI 6.19 DEC12 HI 5.75
LOW 6.01 LOW 5.61
CLOSE6.16 1/2 Up 9 1/2 CLOSE 5.70 3/4 Up 7 1/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +MAR12+MAR12+MAY12
CK Low -0.30 5.87 230.89 -0.50 5.21 205.01
CK High -0.23 5.94 233.65 -0.45 5.26 206.98
CK Avg -0.26 -0.44 5.91 232.67 -0.46 -0.64 5.25 206.65
Essex Cty -0.25 5.92 232.86 -0.45 5.26 206.98
Mdsx Low -0.25 5.92 232.86 -0.45 5.26 206.98
Mdsx High -0.25 5.92 232.86 -0.45 5.26 206.98
Mdsx Avg -0.25 -0.43 5.92 232.86 -0.45 -0.63 5.26 206.98
Hensall -0.25 5.92 232.86 -0.45 5.26 206.98
Bruce -0.25 5.92 232.86 -0.45 5.26 206.98
Putnam -0.25 5.92 232.86 -0.45 5.26 206.98
Burford -0.25 5.92 232.86 -0.45 5.26 206.98
Port Perry -0.30 5.87 230.89 -0.50 5.21 205.01
Norfolk -0.23 5.94 233.65 -0.45 5.26 206.98
Palmerston -0.25 5.92 232.86 -0.45 5.26 206.98
Varna -0.25 5.92 232.86 -0.45 5.26 206.98
Trenton -0.20 5.97 234.83 -0.50 5.21 205.01
Winchester -0.20 5.97 234.83 -0.40 5.31 208.95
North Gower -0.42 5.75 226.17 -0.37 5.34 210.13
Huron FOB -0.10 6.07 238.77 -0.40 5.31 208.95
Kent FOB -0.23 5.94 233.65 -0.45 5.26 206.98
Lamb FOB -0.23 5.94 233.65 -0.45 5.26 206.98
Mdsx FOB -0.35 -0.20 -0.15 -0.15 5.82 228.93 -0.45 5.26 206.98
FOB SW Que -0.05 6.12 240.74 0.00 5.71 224.69
Track 0.20 6.37 250.58N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A -0.50 5.21 205.01
Jhnstwn-Eth N/A 0.25 0.30 0.30 -0.35 5.36 210.92
Aylmer-Eth -0.05 0.05 0.10 0.05 6.12 240.74 N/A
Sarn-Eth 0.00 0.05 0.10 0.05 6.17 242.71N/A
Cllngwd-Eth -0.15N/A N/A N/A 6.02 236.80-0.30* 5.41 212.88
London-Cas 0.00 0.00 0.05 0.00 6.17 242.71 -0.30 5.41 212.88
Pt.Colb-Cas 0.00 0.20 0.20 0.15 6.17 242.71 -0.25 5.46 214.85
Cardnl-Cas 0.00 0.20 0.20 0.15 6.17 242.71 -0.25 5.46 214.85
W O Feed 0.21 0.18 6.38 250.97
US Rep 0.75 0.72 6.92 272.23
Toledo El. -0.06 6.10 240.27 -0.44 5.26 207.24
TRANSFER
Sarnia N/A N/A
Pt. Stanley N/A N/A
Hamilton -0.05 6.12240 3/4 -0.25 5.46214 6/7
MID SD CRN -0.26 1/2 5.90
HI SD CRN -0.23 5.93 1/2
*Wet Bid
Bank of Canada Noon exchange rate was 1.0286 up 0.0001
Chicago soybeans closed slightly higher.
JAN12 HI 11.59 NOV12 HI 11.79 3/4
LOW 11.32 1/4 LOW 11.54 1/4
CLOSE11.53 3/4 Up 9 1/4 CLOSE 11.75 1/2 Up 9
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +MAR1+MAR1+MAY12
CK Low -0.50 11.04 405.56-0.70 11.06 406.20
CK High -0.42 11.12 408.50-0.55 11.21 411.71
CK Average -0.45 -0.7911.09 407.46-0.63-0.9911.13 408.84
Essex Cty -0.30 11.24 412.91-0.50 11.26 413.55
Mdsx Low -0.45 11.09 407.40-0.65 11.11 408.04
Mdsx High -0.44 11.10 407.76-0.65 11.11 408.04
Mdsx Average -0.45 -0.7911.09 407.58-0.65-1.0211.11 408.04
Hensall -0.43 11.11 408.31-0.65 11.11 408.04
Bruce -0.45 11.09 407.40-0.65 11.11 408.04
Putnam -0.45 11.09 407.40-0.65 11.11 408.04
Burford -0.40 11.14 409.23-0.65 11.11 408.04
Port Perry -0.47 11.07 406.66-0.68 11.08 406.94
Norfolk -0.37 11.17 410.34-0.61 11.15 409.51
Palmerston -0.40 11.14 409.23-0.65 11.11 408.04
Varna -0.40 11.14 409.23-0.60 11.16 409.88
Trenton -0.45 11.09 407.40-0.50 11.26 413.55
Winchester -0.45 11.09 407.40-0.45 11.31 415.39
North Gower -0.43 11.11 408.13-0.68 11.08 406.94
Huron FOB -0.25 11.29 414.74-0.50 11.26 413.55
Kent FOB -0.42 11.12 408.50-0.67 11.09 407.30
Lambton FOB -0.42 11.12 408.50-0.67 11.09 407.30
Middlesex FOB-0.16-0.34-0.29 N/A 11.38 418.05-0.49 11.27 413.92
PROCESSORS
Hamilton 0.20 0.00 -0.05-0.05 11.74 431.28-0.15 11.61 426.41
Windsor -0.080.03 -0.11-0.05 11.46 420.99-0.27 11.49 422.00
Winchester -0.35 11.19 411.07-0.45 11.31 415.39
TRANSFER
Hamilton -0.30 N/A N/A N/A 11.24 412.91-0.10 11.66 428.25
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC 0.00 11.54 423.930.25 12.01 441.11
Toledo El. -0.19 11.35 417.12-0.60 11.16 409.95
Bank of Canada Noon exchange rate was 1.0286 up 0.0001
Chicago wheat closed slightly higher.
MAR12 HI 6.18 JUL12 HI 6.53 1/4
LOW 6.00 LOW 6.36 1/4
CLOSE 6.17 Up 9 1/4 CLOSE 6.52 1/4 Up 8 1/2
Minni wheat closed narrowly mixed.
MAR12 HI 8.42 1/2 SEP12 HI 7.82 1/2
LOW 8.31 LOW 7.75 1/2
CLOSE 8.41 3/4 Up 2 1/2 CLOSE 7.80 Down 1 1/4
GFO Cash Wheat Prices - DEL Terminal
Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.02 0.85 0.23 -0.16
CAD $/bu 6.15 7.02 6.40 8.26
CAD $/tonne 225.86 258.02 235.32 303.33
Direct MarkHarvest 2011 Harvest 2012
DELIVERED BASIS DELIVERED BASIS
Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)
ELEVATORS
Brgssvll N/A 0.55 0.00 N/A N/A 0.60 -0.20 N/A
London -0.13 0.59 -0.03 N/A N/A N/A -0.22 N/A
Hensall -0.10 N/A 0.00 N/A 0.00 N/A -0.20 N/A
Trenton N/A N/A N/A N/A N/A N/A -0.40 N/A
Winchester N/A N/A N/A N/A N/A N/A N/A -0.20
Essex N/A N/A -0.12 N/A N/A N/A -0.24 N/A
Norwich -0.10 N/A 0.00 N/A 0.00 N/A -0.20 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge -0.10 N/A 0.00 N/A 0.00 N/A -0.20 N/A
Chatham N/A 0.52 -0.02 N/A N/A 0.66 -0.21 N/A
Brigden N/A 0.52 -0.02 N/A N/A 0.66 -0.21 N/A
Palmerston N/A 0.84 0.01 -0.16 N/A 0.61 -0.22 -0.07
Varna 0.00 0.70 0.00 N/A 0.20 0.80 -0.25 N/A
Mitchell -0.10 0.60 0.00 N/A 0.00 0.70 -0.20 N/A
Thornton N/A N/A N/A -0.53 N/A N/A N/A N/A
North Gower N/A N/A N/A N/A N/A N/A N/A 0.09
TERMINAL
Sarnia N/A N/A N/A N/A N/A N/A N/A N/A
Hamilton N/A N/A 0.40 N/A N/A N/A -0.25 N/A
Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A
PROCESSORS
Toledo FM N/A 0.90 0.49N/A 0.31 1.23 0.51N/A
Toledo El. 6.09US 6.27CA 6.49US 6.69CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 0.10 0.92 -0.11 0.29
CAD $/bu 6.62 7.45 6.42 8.09
CAD $/tonne 243.34 273.65 235.76 297.42
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 280.00 - 295.00
Bayport Oats 310.00
Bayport Barley 280.00
FOB Hm Soymeal 364.65 - 372.37
DDG's FOB Srn, Wndr, Aylm 170.00 - 178.00
Wednesday December 21, 2011
Commodity
Period
Price
Weekly Movement - Wednesday to Friday
Corn CBOT
Mar
6.1650
↑
35.75
cents
Soybeans CBOT
Jan
11.5375
↑
53.75
cents
Wheat CBOT
Mar
6.1700
↑
36.25
cents
Wheat Minn.
Mar
8.4175
↑
26.00
cents
Wheat Kansas
Mar
6.7100
↑
35.50
cents
Canadian $
Mar
0.9706
↑
110.00
points
The European Central Bank (ECB) provided 523 European banks with €489 billion
in low interest loans on Wednesday borrowed under the central bank's newly
activated three year lending program. The heavy demand for the loans pointed to
the severity of the liquidity crisis and may elevated hopes of ending the two
year turmoil. Canadian retail sales are up for the third straight month
according to Statistics Canada, surpassing expectations with a 1% growth.
Canadian home prices on the other hand fell down in October from the month
before according to Teranet-National Bank’s House Price Index (HPI). The HPI
edged down for the second straight month after a nine month streak of gains.
Amidst mixed data from Canada and the US, the TSX saw little changes on
Wednesday except for a spike in shares of market heavyweight RIM following the
Blackberry maker’s rejection of a potential takeover. The stock rose by 10%
early on Wednesday as investors rushed in on hopes of a merger and acquisition
attempt by other giants like Amazon.com, Nokia and Microsoft. The loonie
zig-zagged, rising initially on ECB’s large handout which signaled the extent
of the weakness in the European market, and declined following Canada’s under
estimated retail sales growth.
CORN
Corn futures fell in Chicago following anticipation of rain in the next four
days in parts of Brazil and Argentina where a significant portion of global corn
supplies flows. The potential rain will aid crops after dry weather reduced soil
moisture earlier in December.The so called La Nina weather, a phenomenon
characterized by dry weather conditions as a result of lower surface temperature
in the surrounding open waters may be near its peak and is expected to decrease
in the coming months according the Australian Bureau of Meteorology.
SOYBEANS
Soybeans fell in Chicago as rain in Argentina and Brazil during the next few
days may ease the impact of dry weather there. The potential rain will aid
soybean crops after dry weather reduced soil moisture earlier in December.
According to the Australian Bureau of Meteorology the La Nina climate indicators
are weaker than at the same time a year ago.
WHEAT
Wheat weighed down in Chicago by snowfall in the US bringing adequate moisture
for the winter crop that was planted in dry soil. European wheat futures
captured earlier gains in afternoon trade on Wednesday after a fall of the euro
against the dollar.
Harvest contract prices for December 21, 2011 at market close, are as follows:
SWW at $226.01 per tonne ($6.15/bu.), HRW at $258.18 per tonne ($7.03/bu.),
HRS at $303.52 per tonne ($8.26 /bu.), and SRW at $235.47 per tonne
($6.41/bu.).
John Jordan
Editor, AgriLink and Farm Market News
University of Guelph, Ridgetown Campus
Tel. 519-674-1500 x 63577
Fax. 519-674-1530
E-mail: jjordan at ridgetownc.uoguelph.ca
AgriLink website : www.ridgetownc.com/agrilink
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