[Farmmarketnews] Wednesday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Wed May 11 16:07:31 EDT 2011


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 11
(All Bases in CAD)
Bank of Canada Noon exchange rate was 0.9582 down 0.0028
Chicago corn closed sharply lower to limit down.
 
      JUL11   HI 7.12  1/4                    DEC11    HI 6.57
             LOW 6.77  1/4                            LOW 6.22  3/4
            CLOSE6.77  1/4  Down 30                 CLOSE 6.26   Down 26 3/4
 
            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt  Adj $/bu   $/mt Cntrct  Adj   $/bu   $/mt
ELEVATORS        +JUL11+SEP11+SEP11
CK Low      -0.55                        6.22 244.97 -1.00         5.26 207.08
CK High     -0.45                        6.32 248.91 -1.00         5.26 207.08
CK Avg      -0.50                  -0.24 6.27 246.94 -1.00 -0.76   5.26 207.08
Essex Cty   -0.55                        6.22 244.97 -1.00         5.26 207.08
Mdsx Low    -0.55                        6.22 244.97 -1.00         5.26 207.08
Mdsx High   -0.50                        6.27 246.94 -1.00         5.26 207.08
Mdsx Avg    -0.52                  -0.25 6.26 246.28 -1.00 -0.76   5.26 207.08
Hensall     -0.50                        6.27 246.94 -1.00         5.26 207.08
Bruce       -0.50                        6.27 246.94 -1.00         5.26 207.08
Putnam      -0.50                        6.27 246.94 -1.00         5.26 207.08
Princeton   -0.55                        6.22 244.97 -1.00         5.26 207.08
Durham      -0.50                        6.27 246.94 -1.05         5.21 205.11
Norfolk     -0.45                        6.32 248.91 -1.00         5.26 207.08
Trenton     -0.55                        6.22 244.97 -1.05         5.21 205.11
Winchester  -0.30                        6.47 254.81 -0.95         5.31 209.05
North Gower -0.55                        6.22 244.97 -1.25         5.01 197.23
Huron FOB   -0.45                        6.32 248.91 -1.00         5.26 207.08
Kent FOB    -0.45                        6.32 248.91 -1.00         5.26 207.08
Lamb FOB    -0.45                        6.32 248.91 -1.00         5.26 207.08
Mdsx FOB    -0.50 -0.50 -0.10  0.10      6.27 246.94 -1.00         5.26 207.08
FOB SW Que  -0.50                        6.27 246.94 -0.80         5.46 214.95
Track        0.05                        6.82 268.59N/A
PROCESSORS
Chat-Eth    N/A   -0.40  0.15  0.35                  -0.75         5.51 216.92
Jhnstwn-Eth N/A  N/A   N/A   N/A                    N/A
Aylmer-Eth  -0.30 -0.30  0.00N/A         6.47 254.81N/A
Sarn-Eth    N/A   -0.35  0.20  0.40                 N/A
Cllngwd-Eth -0.50N/A   N/A   N/A         6.27 246.94-0.80*         5.46 214.95
Kwrth-Eth    0.00 -0.15  0.15N/A         6.77 266.62N/A
London-Cas  N/A  N/A     0.10  0.30                  -0.70         5.56 218.89
Pt.Colb-Cas N/A  N/A     0.25  0.35                  -0.65         5.61 220.86
Cardnl-Cas  N/A    0.00  0.30  0.35                  -0.65         5.61 220.86
W O Feed    -0.17                  -0.13 6.60 259.77
 
US Rep       0.40                   0.44 7.17 282.37
Toledo El.  -0.06                        6.71 264.35 -0.45         5.81 228.66
 
TRANSFER
Sarnia      -0.55                        6.22 244.97 -0.90         5.36 211.01
Pt. Stanley -0.56                        6.21 244.58 -1.00         5.26207
Hamilton    -0.25                        6.52 256.78 -0.80         5.46215
 
MID SD CRN                                           -1.00         5.26
HI SD CRN                                            -1.00         5.26
*Wet Bid
 

Bank of Canada Noon exchange rate was 0.9582 down 0.0028
Chicago soybeans closed slightly lower.
 
       JUL11   HI 13.43  1/2          NOV11    HI 13.28  1/4
              LOW 13.13  3/4                  LOW 13.03  3/4
             CLOSE13.31  3/4  Down 6 1/4    CLOSE 13.21   Down 1 1/2
 
             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt Adj.  $/bu  $/mt BasisAdj.  $/bu  $/mt
ELEVATORS         +JUL1+JUL1+AUG11
CK Low       -1.08                    12.24 449.65-1.51     11.70 429.90
CK High      -0.99                    12.33 452.96-1.45     11.76 432.11
CK Average   -1.04               -0.5312.28 451.12-1.48-0.9711.73 431.13
Essex Cty    -1.00                    12.32 452.59-1.40     11.81 433.94
Mdsx Low     -1.11                    12.21 448.55-1.50     11.71 430.27
Mdsx High    -1.05                    12.27 450.75-1.46     11.75 431.74
Mdsx Average -1.07               -0.5612.24 449.90-1.47-0.9611.74 431.25
Hensall      -1.03                    12.29 451.67-1.45     11.76 432.11
Bruce        -1.05                    12.27 450.75-1.50     11.71 430.27
Putnam       -1.05                    12.27 450.75-1.50     11.71 430.27
Princeton    -1.01                    12.31 452.22-1.45     11.76 432.11
Durham       -1.07                    12.25 450.02-1.43     11.78 432.84
Norfolk      -1.03                    12.29 451.49-1.46     11.75 431.74
Trenton      -1.15                    12.17 447.08-1.40     11.81 433.94
Winchester   -1.00                    12.32 452.59-1.32     11.89 436.88
North Gower  -0.95                    12.37 454.43-1.35     11.86 435.78
Huron FOB    -0.85                    12.47 458.10-1.30     11.91 437.62
Kent FOB     -1.08                    12.24 449.65-1.51     11.70 429.90
Lambton FOB  -1.08                    12.24 449.65-1.51     11.70 429.90
Middlesex FOB-0.86-0.86 N/A  N/A      12.46 457.73-1.27     11.94 438.72
 
PROCESSORS
Hamilton     -0.38-0.45-0.60-0.65     12.94 475.37-0.90     12.31 452.32
Windsor      -0.49-0.49-0.58 N/A      12.83 471.33-1.07     12.14 446.07
Winchester   -0.90                    12.42 456.27-1.22     11.99 440.56
 
TRANSFER
Hamilton     -0.55 N/A  N/A  N/A      12.77 469.13-0.85     12.36 454.15
Pt. Stanley  -0.95                    12.37 454.43-1.30     11.91 437.62
Sarnia       -0.89                    12.43 456.63-1.06     12.15 446.44
Owen Sound    N/A                                  N/A
Sorel QC     -0.70                    12.62 463.61-0.60     12.61 463.34
 
Toledo El.   -0.14                    13.17 484.04-0.46     12.75 468.43
 

Bank of Canada Noon exchange rate was 0.9582 down 0.0028
Chicago wheat closed lower.
JUL11      HI     8.04  1/2             JUL11   HI      8.04  1/2
           LOW    7.56  3/4                     LOW     7.56  3/4
           CLOSE  7.59   Down 39 3/4            CLOSE   7.59   Down 39 3/4
 
Minni wheat closed lower.
JUL11      HI         9.64              SEP11   HI         9.64
           LOW    9.20  3/4                     LOW     9.24  1/2
           CLOSE  9.25  1/2  Down 33 3/4        CLOSE   9.27  3/4  Down 31 3/4
 
GFO Cash Wheat Prices - DEL Terminal
Current Crop 10   Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                -1.01         -0.39           -0.87         -0.50
CAD $/bu              6.58          7.20            6.72          8.75
CAD $/tonne         241.61        264.57          246.91        321.62
 

Direct MarkHarvest 2010                 Harvest 2011
           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   -1.05   N/A    N/A    -0.55   -1.45   N/A
London      -0.78  -0.54   -1.16   N/A   -0.89   -0.66   -1.47   N/A
Hensall     -0.70   N/A    -1.05   N/A   -0.80    N/A    -1.45   N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    -1.35   N/A
Winchester   N/A    N/A     N/A    N/A    N/A     N/A     N/A   -1.30
Essex        N/A    N/A    -0.99   N/A    N/A     N/A    -1.51   N/A
Norwich     -0.70   N/A    -1.05   N/A   -0.80    N/A    -1.45   N/A
Mt. Elgin    N/A    N/A     N/A    N/A    N/A     N/A     N/A    N/A
Kent Bridge -0.70   N/A    -1.05   N/A   -0.80    N/A    -1.45   N/A
Chatham      N/A   -0.63   -1.18   N/A    N/A    -0.63   -1.51   N/A
Brigden      N/A   -0.63   -1.18   N/A    N/A    -0.63   -1.51   N/A
Palmerston   N/A   -0.30   -0.99  0.01    N/A    -0.40   -1.35  -0.89
Mitchell    -0.70  -0.50   -1.05   N/A   -0.80   -0.60   -1.45   N/A
Thornton     N/A    N/A     N/A   -1.00   N/A     N/A     N/A   -1.59
North Gower  N/A    N/A     N/A    N/A    N/A     N/A     N/A   -1.00
 
TERMINAL
Sarnia      -0.78  -0.25   -0.78   N/A   -0.90   -0.28   -1.14   N/A
Hamilton     N/A    N/A    -0.40   N/A    N/A     N/A    -1.00   N/A
Pt. Stanley  N/A    N/A    -0.80   N/A    N/A     N/A    -1.45   N/A
 
PROCESSORS
Toledo FM    N/A    N/A     N/A    N/A   -0.05    0.38   -0.39   N/A
 
Toledo El. 7.16US         6.88CA        7.31US          7.03CA
 
GFO Contract Wheat Prices - DEL Terminal
Harvest 11        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                -0.97         -0.39           -1.25         -0.94
CAD $/bu              6.62          7.20            6.34          8.34
CAD $/tonne         243.38        264.57          232.78        306.52
 
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
 
FEED GRAINS
Bayport Wheat             290.00 - 298.00
Bayport Oats              300.00
Bayport Barley            257.00
FOB Hm Soymeal            378.76 - 379.86
DDG's FOB Srn, Wndr, Aylm 215.00 - 240.00

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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